Re: Lottery Genius
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lumpsum penalties
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???
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When they pay out a jackpot, they do it over say, 30 years. The money that is waiting to be paid to you is sitting in an account that is earning interest.
If you choose to lump sum it, that interest isn't there, therefore in addition to being raped by taxes, you get even less because of this.
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I get that. But it's pretty misleading to call it a penalty. You're getting the entire jackpot. You can invest it how you please, instead of the fixed annuity that they would invest it in for you.
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