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19 Feb ’12
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KVR said
what to do if you win
I always heard that taking the lump was the best thing to do. I'm surprised that it isn't.
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6 Oct ’15
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Depends on how old you are.
...I actually did a lot of research on the lump sum and annuity payments...wrote a paper on it for a statistics course in Grad School...it really comes down to how it's invested, there are a lot of investments that provide income and tax shelters as well...and when you have big money you can take advantage of good stuff like that.
...there is a prevailing thought now that also says to take the lump sum, get it while you can. Indiana hasn't been having a tough time paying lottery winnings that they are on the hook for lately.
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