It’s everyone’s dream to win the lottery but the reality is not as rosy as it seems. Not only does the government — federal, state, and local — take up to a quarter of lottery jackpot winnings, nearly half of lotto winners (48% to be exact) still have to work after winning. Why? Because lottery payments are slow, complicated, and frustrating — the total opposite of what winning the lottery should be!
The Mega Millions lottery, for example, doesn’t pay one lump sum. Rather, one immediate payment is made and is followed by 29 annual payments, each payment 5% larger than the one before it. Even if you win the Mega Millions, it may take some time before you can comfortably quit your job. After all, with mortgage payments, car bills, student loans, medical expenses, taxes, and other financial obligations to maintain, the initial sum, or even the two or three subsequent annual payments, may not be enough to leave your job and move to the Bahamas.
That is why many lottery winners (among other people) choose structured settlement annuity benefits for their money. Selling lottery payments is a quick, convenient way to collect the money that is owed to you without having to wait months, or even years, before the lottery shells it out. Structured settlement payment options means you can get cash for annuity now. No waiting is required; many people who choose immediate structured settlement payment options can see money coming in within 30 days, with the average payout being $324,000. Structured annuity settlement plans can make sure that your lottery winnings are available as quickly as possible. At the very least, they pay much more frequently that the government would ever allow.
Why wait for the money that is due to you. To find out more about how to get cash for annuity now, feel free to leave a comment or question at the bottom.
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