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re: Powerball-cash vs annuity
Posted on 1/11/16 at 12:40 pm to Huey Lewis
Posted on 1/11/16 at 12:40 pm to Huey Lewis
quote:I'm sure this is true, but I think that mostly counts people who won in the range of tens of millions. I'm not sure it's possible to go broke with hundreds of millions.
I think (though I could be wrong) that historically speaking, lottery winners that take the lump sum have been far more likely to be broke after 10 years or so than the ones that took the annuity.
1
Posted on 1/11/16 at 3:27 pm to Korkstand
Lol. I know several who have gone from over a bill to bankrupt.
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