““Oh, definitely I’m taking lump sum. If you take the lump sum, you’ll get to invest it and make a lot more money,” Georges, 47, said, seconds after buying Mega Millions tickets in Midtown Manhattan on Tuesday. “I trust myself.””
Anyone taking the lump sum is an idiot, and will be broke within several years – it really doesn’t matter what your grandiose plans are, or how much you get paid. Lump Sum = BAD IDEA.
The winner will have to decide between a lump sum of nearly $905 million or receiving $1.6 billion in 30 payments.