$1 Billion Jackpot: Would You Take an Annuity or Lump Sum? [Financial Breakdown]
If you won the lottery, would you take a lump sum payment or an annual payout over 30 years? In this video, I did a financial breakdown of both options to see which one is best AND recounted how some other lottery winners went completely broke choosing the wrong option.
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Timestamps
Would You Take Annuity or Lump Sum (0:00)
#1 - Annual Payouts vs Lump Sum (1:09)
#2 - Investing Scenarios and Calculations (4:15)
#3 - Lottery Winners Who Went BROKE (8:03)
Lottery Winners Who Lost Millions: https://www.gobankingrates.com/net-wo...
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Hey, I'm Sean with lyfe accounting. The accounting company that helps you save on taxes and build more wealth. Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).