[DCBryan1]

Oh, and I forgot to mention, READ THE ANNUITY CONTACT carefully. Many annuities will NOT pay a survivor/beneficiary or transfer it. Your descendants or spouse would get NOTHING. Some do.....again, if you pay for it AND the company stays afloat.

If I won any lottery, I would take the lump sum and invest it myself and not rely on a promise from a .gov or company's future promise. Just look at IL and CA issuing "IOUs" to lottery annuitants.

[AceMineral]

The CNBC folks had a half hour special the day of the Powerball drawing. They recommended getting a lump sum. They assumed one winner. Even with taxes removed and “toys” bought a great deal of money is still left over. For just one person 800,000,000-1,000,000,000 is a lot of money. The one “toy” they recommended was a jet.

Previous winners also said a tough skin was needed. The ability to say “no” is vital. No likes to say no and no one wants to hear “no”, but it is necessary to keep the money.

[William Tell]

DCBryan1 said: Just look at IL and CA issuing "IOUs" to lottery annuitants.

Did CA do that?