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Powerball Annuity vs. Cash: How Does It Work and Which One Should You Take?

Aug 12th, 2019

Feeling lucky? You’ll need luck — and lots of it — to win the Powerball lottery jackpot. The odds of taking the grand prize are 1 in more than 292 million, according to Powerball. While those chances are pretty slim, someone has to win. It could be you, right?

Let’s daydream for a moment and say you do hit it big. One of the many decisions you’d have to make is whether you’d take your winnings in a Powerball annuity or a lump sum. Most people want their money now, but don’t cash that check quite yet. You’ll want to think through the two options wisely to make the right choice.

Read more: Powerball Annuity vs. Cash: How Does It Work and Which One Should You Take?

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