which would you choose?
Thread Starter
been there done that
Joined: Jun 2002
Posts: 30,637
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From: 916
which would you choose?
if you won the lotto would you take the lump sum or annual payments?
i'd take the lump sum cause i dont know if i'd live long enough to enjoy all the payments.
h:
i'd take the lump sum cause i dont know if i'd live long enough to enjoy all the payments.
h:
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
Lump sum. The payments add up to more in nominal dollars, but you aren't earning any interest on that money that they haven't paid you. Taking the lump sum then investing a portion of it will easily yield you as much or more in real dollars (adjusted for inflation, etc).