Texas Powerball lottery: Lump sum versus annuity payments

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If a lottery winner chooses to collect their winnings in a lump sum, it gives them the opportunity to invest in high-yield financial options,

When do I select the cash vs annuity option for jackpot On the one hand, the annuity appears to be the better choice At the end of 30 installments, you'll have more than double what you would have

300maan-810 Yes, lottery annuity payments are generally inheritable If the original winner passes away, the remaining annuity payments can be transferred to their Federal income tax of 24% and state income tax of % are withheld from any prize over $5,000 Other IRS withholding provisions may apply Where does the