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| Topic | Congratulations. You won the lottery. How do you take your winnings? |
| nexigrams 07/30/22 4:36:03 AM #50: | It's objectively correct to take the lump sum payment. Do people think the lotto companies are just offering the installment plan because they're such great people with your best interests at heart? There is no guarantee you live another 30 years. And even if you do, with each year that passes, that installment payment is worth less and less because of inflation. And since Powerball knows this, installment plan payments are not equal. Each installment payment is 5% greater than the last. It's backloaded, because they know in most cases 30 payments will never go out. Take the lump sum, don't be an idiot with your money. Objectively the highest value, lowest risk option. --- http://imgur.com/SYiqIRC ... Copied to Clipboard! |
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