Lump sum versus annuity. Chances are if you’ve just won the lotto, the first question on your mind isn’t: I wonder if I should defer some of this money? That is in essence what taking lottery payments in annuity means, as opposed to a lump sum where you receive all of the money at once. There are benefits to lottery annuity that many people fail to realize once they see the dollar signs. Here are three important factors to consider.
1.) Taxes: One of the first things you should think about if you are fortunate enough to win the lottery is how to keep the government from stealing, sorry taxing, as much of it as you can. When it comes to structur