Most people have very different ideas about what to do when you win the lottery. Some may want to go on perpetual vacation, others will want to start up a business, plan for retirement or pay off medical bills or college loans. Whatever their plans for their money, most people agree that they prefer to …
If you?re a lucky lottery winner, you may be so caught up in the excitement of winning that you don?t consider what to do with the funds. You have an important choice to make: take the money up front in a lump sum or spread it out in annual payments (also called an annuity). Deciding …
The Hardest Choice a Lottery Winner Has to Make – Lump Sum or Annuity? Read More »
Debt can be crippling. You want the chance to turn your life around big time, but you’re stuck under a sea of bills that stack up higher and higher every month. So what happens if you get lucky and win it big at the lottery? You suddenly have a massive influx of money at your …
Lump Sum Payments When Getting Cash Fast Isn’t a Scam Read More »
Have you recently won the lottery or had a lawsuit settle in your favor? If so then you are probably aware of how a structured settlement annuity works. Put simply, lottery winnings and lawsuit settlements are not paid out in a lump sum even though they may be marketed that way. Instead, the money is …