But It’s My Winnings!!
Yes…you won the lottery fair and square, and it certainly is your money. But wouldn’t it be nice to see a lot of your money now and not stretched out over 26 years. There’s just something inherently disturbing about being told you are going to get $1 million dollars and then be handed a check for $25,000 or less.
Hey! Where’s your million? Your million is tied up in a state account where it’s earning the government interest every day. Hey again! Don’t you already pay taxes? You sure do, but now your money is earning the state money while you wait for your next check.
The solution to this taxing problem is to sell lottery winnings to a settlement broker and get as much of your money as you want right now at its present value. That means you can deposit your money now and earn interest for yourself…also now. If you’re lottery payments are going to hide out in a bank account waiting to be disbursed over 26 years, it’s much better to have them hiding out in YOURS!
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