Quote:
Originally Posted by Socks
I imagine most of these powerball winners go to get some legal and tax advice before coming forward, and yet just about everyone always takes the lump sum. That means that their counsel is telling them to take the lump sum.
Why would they recommend that?
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My feeling would be:
1. You can't trust that the govt. will pay you your money over decades. Hell, they could go bankrupt. That's the first thought I would have.
2. I get in a car wreck and die tomorrow. So I never got to enjoy that money.
So the state lottery wins because of that. I mean heck...what if I'm 70 years old? I want my money NOW because I ain't gonna be around long enough for them to slowly give it to me at their leisure.