If you win the lottery should you take the lump sum or the 26 annual installments? You are lying if you say you have not debated this with someone at some point in your life. Well, here’s the answer from Bankrate:

The lump sum payout is, for most winners, the best choice. You know the tax consequences, you know the lump sum payout and you often have the opportunity to invest the proceeds to earn more than you could with the guaranteed return from the annuity payments.

Good to know. Now we just have to concentrate on the numbers… the numbers…

What lottery winners should do [Bankrate]
You won the lottery! Now what? [Bankrate]
(Photo:Maulleigh)

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