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yellowdogintexas

(23,595 posts)

10. at the ripe old age of 77 I would take the lump sum

Mon Dec 22, 2025, 01:51 PM

Dec 22

First I would set up an income trust for us to live on and it would not need to be huge or anything. Just enough to allow us to do some fun things we can't do now.
I would set up trust funds for my daughter and granddaughter
Endow some scholarships for graduates of my high school and I would tie at least one of them to my college
Endow some scholarships at my college
Donate lots of money to very good causes. Lots. It would be such a feeling of joy to be able to do that
It would be lots of fun to fund a very nice cat shelter and a dog shelter

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Highlight:

Would you take a lump sum or annuity lottery winnings and what would you do with the money [View all] LogDog75 Dec 22 OP

The money you gift relatives is subject to a multigraincracker Dec 22 #1

The lifetime limit for tax-free gifts is $13.99 million per individual Abnredleg Dec 22 #8

To be safe, sit down with a good tax lawyer before doing anything. multigraincracker Dec 22 #9

the lottery is a corporation rampartd Dec 22 #2

The Powerball is a multi-state government enterprise Niagara Dec 22 #14

Lump sumalso... 2naSalit Dec 22 #3

I'm 78, so definitely the lump sum option... anciano Dec 22 #4

I would take the lump sum and give some doc03 Dec 22 #5

Lump sum. Raven123 Dec 22 #6

I'm 82, so it's a no-brainer Jilly_in_VA Dec 22 #7

at the ripe old age of 77 I would take the lump sum yellowdogintexas Dec 22 #10

Lump sum GreatGazoo Dec 22 #11

Lump sum Marthe48 Dec 22 #12

I think that I would take the annuity Niagara Dec 22 #13

Anyone remember this? Intractable Dec 22 #15

Lump sum. Iggo Dec 22 #16

At 72; lump sum.... electric_blue68 Dec 23 #17

I'm nearly 64. Morbius Dec 23 #18

I've already taken my lumps. True Dough Dec 23 #19

You're in luck, True Niagara Dec 23 #20

Imagine True Dough Dec 23 #21

I guess better than in peonies Niagara Dec 23 #22

Lump sum Give Peace A Chance Dec 24 #23

Lump sum. Borogove Dec 25 #24

howdi AllaN01Bear Dec 25 #25

How Much To Buy A Congressman? Deep State Witch Dec 25 #26

lump sum & leave the country RainCaster Dec 25 #27

Wine, women, and song,,,, and spend the rest foolishly. Norrrm Dec 25 #28

Lump sum. I have no idea if I'm going to live 30 more years sakabatou Dec 25 #29

Payments ._. Dec 25 #30

Lump sum vs annuity depends on a number of factors LogDog75 Dec 25 #33

i didn't know the had an annuity for $4 ret5hd Dec 25 #31

I'm 70. viva la Dec 25 #32

That is something I would never have to deal with. OldBaldy1701E Dec 26 #34