what’s the difference between the annuity and cash value option in the lottery? Which is better and why?
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Others have noted that taking the annuity protects you against your own stupidity, because you can’t spend it all right away.
Another factor in deciding which is best for you is your life expectancy.
If you win it at 60+ years old, it pretty much doesn’t make sense to do anything but “lump sum” and get a good financial manager.
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