Powerball: Lump Sum vs. Annuity?
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The Powerball lottery jackpots is currently worth $700 million. If a winner is found this Wednesday, they will be winning the second-highest Powerball Lottery Jackpot in US history. The winner can either take their winnings as a lump sum or as an annuity in a total of 30 payments. Most people would want to live the high life and would ask for the lump sum right away. Unfortunately if they do that, they will be losing money because the taxes taken out of the lump sum will be worth less than the total jackpot is worth. http://www.businessinsider.com/powerb... http://www.wochit.com This video was produced by YT Wochit News using http://wochit.comTags
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