The biggest mistake lottery winners make
The biggest mistake lottery winners make with tags lottery, lottery winnings, lottery payout, lottery payment, annuity, lump sum, annuity installment, jackpot, lottery jackpot, financial literacy, finance, money, money management, investment, lotto, lotto winner, financial stability, lottery tax, s&p, s&p 500, index fund, fortune, savings, investment plan, education, animation, anton bogaty, ted, ted-ed, ted ed, teded, ted education
Dig into the pros and cons of annuity and lump sum lottery payouts, and find out the most common mistakes lottery winners make.
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After winning the lottery, one of the first decisions youâd have to make is how you want your winnings to be paid out. You can choose the full jackpot amount, paid out in annual installments over 30 years. Or you can take a much smaller lump sum paid out immediately. So, which is the better option? Explore the financial implications of annuity and lump sum payments.
Directed by Anton Bogaty.
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