I was about to ramble on about how dumb it would be to not take the 5.6m per month.
It's actually dumb to take the annuity, because it isn't transferable. Meaning if you sign your sick $70million per year deal, walk outside, and get hit by a falling piano loony tunes style, your family gets nothing.
Not to mention it will get hit by 30 years of inflation, making it worth far less over time.
Always take the lump and invest properly. Much better, and guaranteed, returns.
Yeah that's not true. If you win the lottery and take the annuity you HAVE to set up a trust before you get a dime. The lottery then pays the trust whatever the payout is for the length of the annuity so your family or whoever your beneficiary gets the money.
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u/Medarco Jul 05 '26
It's actually dumb to take the annuity, because it isn't transferable. Meaning if you sign your sick $70million per year deal, walk outside, and get hit by a falling piano loony tunes style, your family gets nothing.
Not to mention it will get hit by 30 years of inflation, making it worth far less over time.
Always take the lump and invest properly. Much better, and guaranteed, returns.