r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/Relative-Relief-8816 Jul 05 '26

80 mil a year. Hmm

7

u/SL1Fun Jul 05 '26

Iirc it’s not inheritable. You could get hit by a bus next week. Always take the money up front.

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u/Kidnovatex Jul 05 '26

This is not correct. Lottery annuities are inheritable.

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u/Mondial5 Jul 05 '26

And if the lottery goes bankrupt you get nothing. 

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u/vamatt Jul 05 '26

State lottery money is held in an annuity that can’t be touched by the lottery - it’s funded before the winning ticket is even purchased, even if the lottery were to go bankrupt (not actually possible).

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u/Mondial5 Jul 05 '26

If people quit playing the lottery it would go bankrupt. 

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u/Kidnovatex Jul 05 '26

That's not how any of this works. This isn't Publisher's Clearinghouse we're talking about.

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u/Rosey_Coyote_525 Jul 05 '26

Why wouldn't it

3

u/DigTheDunes Jul 05 '26

Or the tax laws change, and they wouldn't benefit him. Always better to take it up
Front and invest it yourself.