Any Kind of Lottery Money
I would be thrilled to win the multi-state lottery, but had to settle for major casino winnings. I’m not complaining, of course, because winning a lot of money is a thrill. The only problem I had with my winnings was the fact these particular winnings had to be paid out over 10 years. I know most winnings are lump sum payments less taxes, but the agreement with this particular game I played was to accept future payments.
So I signed on the dotted line, happy to get my money, and then called a structured settlement company. I need the money in a lump sum payment within the next 3 months because I am buying a house. The more I put down on the house, the lower I can get the interest payment. So I get my casino winnings and lower house payments. That’s the kind of financial deal I like.
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