There are a lot of stories in the media about lottery winners who successfully invested their lottery lump sum payout, but new lotto winners might wonder how to get started as investors. Some lottery winners opt for an extended payment plan called an annuity, but may find that they want to be able to put … Read more
Winning the lottery may sound like a dream for many people. Yet for those who made it a reality, it may not seem like it’s all it’s cracked up to be. Even though lottery winnings can come with a six-, seven-, or even eight-figure prize, those winnings are actually paid out over the course of … Read more
What are structured settlements and annuity payments, and how do most people receive them? A structured settlement is a legal or insurance arrangement where the recipient agrees to receive periodic payments throughout their life, which is also known as an annuity payment. Often times this has tax advantages for the claimant (the government withholds 25% … Read more