+95 @ncfatcat I’m 73. I want to spend it all before I die!

+39 @VoteStrong If you think you’d get the same payment every year, you don’t know how lottery annuity work. So hire a financial planner. If you are not an accountant that specializes in taxes and can minimize your tax obligations, hire a tax expert. If you are not an estate lawyer that can maximize your protection and lower tax obligations looking at different options, hire a lawyer. You won the lottery. You can afford to pay people who know a lot more than you do. Know how to lose your money fast, pay more taxes, get sued and lose your homes, little financial returns, not have generational wealth for your family, and pretend you know what you’re doing? Do it all on your own.

+30 @ImFriendsWithThatGuy A few different reasons. 1. A 30 year annuity is a long time. People want to be able to actually spend/enjoy their money before they die. 2. Taxes. Federal taxes for basically the whole amount on a very large lottery will be 37%. Without getting into politics, I don’t see a probable world where that tax rate goes down in the next 30 years. But I see many cases where it could go up in that 30 years then I lose money to taxes. 3. The ability to diversify. I want to protect against the extreme cases like bank runs and markets going completely bust over night. I am buying property for myself in multiple countries as well as buying places for my family members in the countries they currently live in. I am making sure I have assets spread out. 4. If we are assuming a massive lottery, I do not give two shits about growing it further like most people aim to do. I am set for life and generations as long as I’m not stupid. Sure I would invest a decent chunk of it but that is also because having stock in the market is safer than shoving it all into a bank account that is only insured up to 250k. 5. Inflation. If things continue to go as they have the last few years, inflation will kill a decent amount of the gains you had by taking the annuity and that’s even assuming point 2 does not happen with increased taxes. The annuity is largely for people who don’t trust themselves or others around them to be responsible with the lump sum. I work in banking, have always detested gambling, don’t have many any vices outside of maybe eating more than I should and playing too many video games, am already married, am a homebody and generally play it safe on most decisions in life.

+13 @stoneskipper18 Nah I want to blow it all ASAP.

+13 @DryAvocado6055 30 years is a long time, I just think along the lines of will the state honor it in all that time? Chances are yes, it’s legally binding, but watching the government be dismantled right now makes me cautious. I think I’d rather have it and manage it with the help of financial planners.

+11 @Longjumping-Front221 Take the lump sum. Don't risk never living to see the full payment