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If I were Filthy Rich
By ronfromsacramento+18 Would it be wise to put it into an annuity?
If I won the lottery, would it be wise to put it into an annuity? Such as with Knights of Columbus, or some other outfit?
Recent responses
+26 @InternetExpertroll No. The lottery can and has gone bankrupt. Illinois went bankrupt years ago. Just take the lum sum and throw it into CDs & Treasuries if you want low risk.
+24 @throwawayfromPA1701 You could just accept the annuity instead of the lump sum.
+14 @Hungry-Number6183 I’m no financial planner but there are better options than annuities. For me and my middle age, I’d put 65-70% between VTI etf and VXuS, and 30-35% into some bond etfs.