It is always better to choose a lump sum rather than to choose periodic payments over time. This is why nearly all lottery winners choose the lump-sum payment.

Question

Quizplus · Accepted Answer

The better choice between a lump sum and periodic payments depends on individual circumstances, including financial situation, investment knowledge, spending habits, and tax implications. Some lottery winners choose periodic payments to ensure a steady income over time and to reduce the risk of spending all the money quickly.

It Is Always Better to Choose a Lump Sum Rather