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If you won the lottery for $1million

You have two options on how to receive the money. They are:

1.) Take one lump sum after taxes have been taken out

or

2.) Receive $50,000 in a high interest savings account you can't touch for 10 years, plus a completely mortgage free home ($300,000 or less) and 2 brand new cars (a combined total of up to $50,000)

Which option would you choose?

 
binkadink

Asked by binkadink at 2:45 AM on Feb. 5, 2011 in Just for Fun

Level 10 (394 Credits)
This question is closed.
Answers (7)
  • I think I'd take option 2 because it'd give me less chance to blow the money on frivolous, excited-at-the-moment, things.
    zava_t

    Answer by zava_t at 3:04 AM on Feb. 5, 2011

  • 1.Only because I would want to help amily pay off debt
    ryanlynn

    Answer by ryanlynn at 2:46 AM on Feb. 5, 2011

  • 1

    it put a lot into interest and tell the bank do not allow me to touch more than X amount in a year. and let it build interest. :D
    MomNbabyGirl009

    Answer by MomNbabyGirl009 at 2:48 AM on Feb. 5, 2011

  • obviously 2! its been my answer to what would i do if i won since i was first asked lol
    supermom91

    Answer by supermom91 at 2:51 AM on Feb. 5, 2011

  • 2 because thats what i would do with the money anyway, and some would be set aside for later.
    countrygirl06

    Answer by countrygirl06 at 3:24 AM on Feb. 5, 2011

  • # 2
    Shelton3369

    Answer by Shelton3369 at 5:01 AM on Feb. 5, 2011

  • Neither.  I live in Canada and lottery winnings are tax free so I'll take the lump sum.

    beeky

    Answer by beeky at 6:41 AM on Feb. 5, 2011