Quote:
Originally Posted by L-Pink
THAT is the way to do it. That should be the ONLY way winnings are paid.
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in PA they are paying securities not cash. its fucked up, but the state is all but broke and trying to get their hands in everything.
hands down I would take the 133mm over 266mm/25 years. if they lottery files for bankruptcy then you are screwed.
IMO, most people would take the money and just spend spend spend. i've watched friends come into some smaller amounts of money and burn through what could last most people 3 years in 3 months.
if you have half a brain, you will take those funds and invest it. mortgage companies are a big one and you get around a 3.5% return... which equates to about 75% ROI. take the $133mm, pay off all your bills, go on a vacation, hire a lawyer and financial adviser and go on with your life and no reason why this money would not last for your great grand kids
