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Niagara

(11,491 posts)

13. I think that I would take the annuity

Mon Dec 22, 2025, 02:53 PM

Dec 22

Keep in mind:

1. The odds of winning the overall jackpot are 1 in 292.2 million

2. 70% of lottery winners end up broke and 33% declare bankruptcy

Professional financial advisors recommend the annuity option since financial mistakes will happen. There's a thing called Sudden Wealth Syndrome and if someone isn't accustomed to a shitload of money they will make mistakes.

First things first, I would have to obtain a reputable tax accountant, a reputable financial planner, an estate attorney, and possibly a security officer. That's just right of the top of my head, I'm sure I'll need to obtain other professionals as well.

Also, the Powerball is a multi-state government enterprise and will never face bankruptcy. It is not a corporation.

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Calico20 Rastapopoulos

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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