Reader Poll: Lump sum or annuity?

Here's your link to the poll that begins today. Vote for the lump-sum payout or 30 annual payments had you hit the recent record Powerball jackpot on that page.

No part of this answer may be reproduced or utilized in any form or by any means, electronic or mechanical, without the written permission of the publisher.

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Comments

David Johnson Nov-30-2022

dj

i chose the lump sum because i am 67 years old and there are 2 chances that i will live to be 97 years old or anything close to it slim and none.

David Miller Nov-30-2022

Question

 If one decides to take the 30 annual payments instead of the lump sum and they pass away before the 30 years are up, what happens to the remaining annual payments? Can those payments be willed to their family?

Maggie Dec-01-2022

Answer to David Miller

The annuity will be paid out to your designated heirs or to your estate.

Question of the Day - 30 November 2022

Comments