If I won the lottery which is better to do? Cash or Annuity and why?

Question

If I won the lottery which is better to do? Cash or Annuity and why?

Answer 1

Cash. For first division you will still get a serious amount of money. This should get you into tier one investment funds which can usually beat the rate of return on the annuity. That is, you should end up with more money at the end.

Answer 2

I think you should go for the cash so you get your tax and everything else taken care of, from what I heard at least.

And take my advise if you spend only what you need to spend, and don't go crazy trying to get things that you wish you hadn't, for example., why buy a 300.000 dollar when a cheap car will still get you where you are going.In other words, it will last longer if you spend it wisely.

Answer 3

depends on how many years of life you have left if your 60+ i suggest cash.