#lump sum or annuity?

[ice_kestrel9]

All of America is abuzz with the whole Powerball lottery pool, a record-breaking $1.5 billion jackpot and I am loving the discussions on the hypothetical question of "If you won the lottery, would you take the lump sum payment, or the annuity?"

This article makes some interesting points on why the annuity is the better choice. Now, I have no

Comments

[kalliel]

The buzz over this powerball thing is kind of amazing to me. Like, what? XP

But this is the first intriguing post I've seen about it, for sure. Because you're right--I have no concept at all of that kind of money, or what one might do with it. Purchase land, I suppose? But then you'd need to know something, at the very least, about property law and environmental risk and making sure that it doesn't get polluted/isn't already polluted. Sponsor research? Something? But it all requires, as you said, so much knowledge. Travel would be up there, but then you also have to be home sometimes to really enjoy and value travel--and a billion dollars is a lot of travel.

Money can't be underplayed, I mean--it's definitely useful and reduces stress and raises quality of life. But only up to a point; beyond that... mo' money, mo' problems!