You have two options on how to receive the money. They are:
1.) Take one lump sum after taxes have been taken out
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?
Answer by zava_t at 3:04 AM on Feb. 5, 2011
Answer by ryanlynn at 2:46 AM on Feb. 5, 2011
Answer by MomNbabyGirl009 at 2:48 AM on Feb. 5, 2011
Answer by supermom91 at 2:51 AM on Feb. 5, 2011
Answer by countrygirl06 at 3:24 AM on Feb. 5, 2011
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.
Answer by beeky at 6:41 AM on Feb. 5, 2011