Something fun to distract one on a rainy Wednesday: if I won the lottery, would I take the lump sump payment, or the installments over X years? The answer, of course, is "it depends". How old are you when you win, what's the annuity percentage on the installment plan, how much debt do you have, is there a "Best Buy" on the way home from the lottery claim center, etc. Oh, and I guess I'd have to play the lottery in the first place for this to matter much anyway. What would you do?
(Please note, because of the time that has passed since I wrote this article, it may no longer reflect my current views or the most accurate and complete information available on this subject.)