Andrew Lokenauth on Nostr: When you win the lotto, take the lump sum payment instead of the annuity. The annuity ...

When you win the lotto, take the lump sum payment instead of the annuity.

The annuity option pays a very low rate of return, it's a bad investment.

You can get a better return by investing the lump sum in an S&P 500 index fund.

Most lotteries pay around 4.5% annual return, which is less than you can get by investing in an S&P 500 index fund which has a historical average return of 11%.