If I were Filthy Rich
By Prince_Kaos+25 CAD$1k a week Tax free for Life or CAD$1M tax free lump sum?
Recent 20-year-old Canadian winner in a news article caught my eye - so thought I would throw it open to the group what everyone would do as its not MM or PB figures. My guess is age vs. stage might come into it.
Recent responses
+32 @TheLizardKing89 $1 million invested returning 6% would beat the $1,000 a week. I think I’d go for the $1 million.
+11 @Strict_Foot_9457 Considering the recent happenings with publishers clearing house, I'm probably taking the lump sum in most instances.
+11 @PirateKilt $52k/year will take almost 20 years to get you equal to the lump sum. Meanwhile, Invest it all at a little bit over 5% and you are getting that $52K/year for life, AND still have the principle to pass on to your heirs... unlike the $1K/week deal that would stop at your death... be it next century or next week.