For many, winning the lottery or getting money awarded through legal proceedings can be a financial lifeline. People in difficult financial situations, or other immediate needs that require a large amount of cash might find such a settlement to be a welcome respite. These structured settlements come in the form of annuity payments, or a…
Category: Lump sum annuity rates
3 Things You Can Do With Your Newfound Lottery Winnings
Did you know that the lottery will with hold 25% of your earnings for federal tax? After that, you?ll be paying up to 9% more in state taxes. Winning is still exciting, but don?t spend all the money right away — or you might realize too late that it?s a little less than you thought!…
