If you win the lottery...

[BCYL]

Would you take the lump sum payment, or payments over the next xx years???

For me, I would take the lump sum payment and invest the money on my own...

 

[conjur]

Lump sum

 

[DnetMHZ]

Originally posted by: conjur
Lump sum

 

[amdskip]

Originally posted by: conjur
Lump sum

 

[gistech1978]

Originally posted by: conjur
Lump sum

 

[Maleficus]

Payments

 

[Storm]

Who wouldn't want to take a lump sum? Someone who can't control themselves when spending money?

 

[ElFenix]

lump.

if i ever win i owe one friend a jaguar and another a G35C.

 

[Imdmn04]

lump sum if u can manage your money
multiple payments if u r some redneck that doesnt know jack about personal fianance, which should the choice for most lottery winners.

 

[K1052]

Add the question : What would you buy first?

Lingenfelter 427 TT Corvette

 

[pyonir]

Originally posted by: conjur
Lump sum

 

[lokiju]

Lump sum, nothings a sure thing.

 

[Ameesh]

Lump Sum. First purchase: jessica alba, second purchase: who cares.

 

[conjur]

Originally posted by: Imdmn04
lump sum if u can manage your money
multiple payments if u r some redneck that doesnt know jack about personal fianance, which should the choice for most lottery winners.

Well...there are at least 3 rednecks here

 

[MonkeyK]

"Lottery: A tax on people who are bad at math."

-The Devil's Dictionary

 

[Maleficus]

Originally posted by: Imdmn04
lump sum if u can manage your money
multiple payments if u r some redneck that doesnt know jack about personal fianance, which should the choice for most lottery winners.

obviously

 

[BCYL]

Originally posted by: Ameesh
Lump Sum. First purchase: jessica alba, second purchase: who cares.

Why would you wanna spend so much on something that you KNOW won't last???

 

[new2AMD]

lump sum for the reason that I believe that if you choose payments then the lottery "people" will have you whacked in order to not have to pay anymore. Im pretty sure those payments are NOT transferrable.

 

[Nitemare]

Originally posted by: BCYL

Originally posted by: Ameesh
Lump Sum. First purchase: jessica alba, second purchase: who cares.

Why would you wanna spend so much on something that you KNOW won't last???

Lease her?

 

[anxi80]

when i buy my ticket, i always opt for lump sum. if i win, i promised my 5 best friends that i would buy them each a new car, except our cars have to be the same maker, but different colors and models. the same applies to them if any of them win.

 

[Ernieb]

Originally posted by: conjur
Lump sum

 

[SammyBoy]

Originally posted by: new2AMD
lump sum for the reason that I believe that if you choose payments then the lottery "people" will have you whacked in order to not have to pay anymore. Im pretty sure those payments are NOT transferrable.

the lottery "people" are the government and they make SO much money off the lottery it doesnt matter when someone wins. LoL, this isn't an around town #'s game run by the mob dude

 

[The Stigenator]

depends how big the pot is. smaller pot lump sum, bigger pot payments.

 

[MainFramed]

Originally posted by: Ernieb

Originally posted by: conjur
Lump sum

 

[ATLien247]

I've always wondered which method of payout is best...

You get more money if you take the payments, right?

So what's the benefit of taking the lump sum? Are the payments not insured or guaranteed? Do they take out less taxes with the lump sum?