Quote:
Originally Posted by 33girl
I would think that the fact she's on public assistance should have disqualified her from the uber dumb GIVEMEMONEYNOOOOOOOWWWWW lump sum payment.
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Generally speaking I don't think the lump sum option is uber dumb but in this case it is. If you're middle aged or older (or closer to death) I think getting the lump sum is the way to go.
I used to work with a guy who won the Michigan lottery when he was in his early 20s and he spread his payments out over the course of 20 years. He was never balling rich but he was able to afford a very nice house, newer cars, cottage up north, good investment portfolio, etc all without ever working a full time job. He's actually one of the reasons why I've never played the lottery. They say if you personally know a lotto winner, your chances of winning yourself are pretty nil.
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