It’s less than a Starbucks coffee.
Given how many people screw up after they win the lottery a person might consider getting the annuity for their own protection if they are young. However, if I win I am taking the whole thing and no one will ever know I won until I croak and leave them money. And I will buy a separate annuity with some proceeds to protect me if I lose my mind and blow it all.
I’d move.
My cover story, to explain why I dint have to work, is I am retired low level manager responsible for scheduling in the sanitation department.
I’ll spend half on women and booze.
And blow the rest.
I used to think lump sum was the bum deal too. But If you look at the stats almost nobody takes the annuity.