To: Diana in Wisconsin
I might just take the annuity option as long as I can pass it to my children.
I'd have to do a little math first.
4 posted on
07/31/2022 6:54:13 AM PDT by
Sacajaweau
( )
To: Sacajaweau
When you calculate the effects of inflation, those dollars paid in the out years are going to be more like nickels. Far better to take it up front and immediately invest in income-producing assets, the value of which will grow with inflation.
6 posted on
07/31/2022 6:56:31 AM PDT by
Mr. Jeeves
([CTRL]-[GALT]-[DELETE])
To: Sacajaweau
Put it in a Trust. More control, less taxes and liability.
19 posted on
07/31/2022 7:17:59 AM PDT by
BipolarBob
(lazy FReepers don't have a homepage.)
To: Sacajaweau
I might just take the annuity option as long as I can pass it to my children. Annuity is a terrible scam. The payout is non-equal. Late payments are much larger than early payments.
The hope obviously being that you die during the payment period. Yes, they hope you die before collecting all your winnings.
42 posted on
07/31/2022 10:39:34 AM PDT by
fso301
To: Sacajaweau
I don’t trust politicians. They change the tax code too much.
I’d take the lump sum payout.
50 posted on
07/31/2022 1:34:00 PM PDT by
Fledermaus
(With Trans Republicans like McCarthy and McConnell do we really want them to win Congress in 2022?)
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