Lump Sum Payouts vs. Annual Installments

Lump Sum Payouts vs. Annual Installments

Lump Sum Payouts vs. Annual Installments
Lotteries can produce instant millionaires and many lucky winners have found themselves in the enviable position of having to decide between taking their lottery winnings in a lump sum payout or as annual installments. Opinions differ as to which solution is the best and it is well known that in the US taxes can easily take over 50% from a player's winnings. European lottery players do not have this

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