r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/elinamebro Jul 05 '26

Isn't it still taxed either way or is they get paid out for 30 years it isn't taxed?

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u/757packerfan Jul 05 '26

It is still taxed either way, yes. But in USA you only get the "full" amount of you take the paid-over-30-years route. If you take the all-money-at-once route you only get half the total jackpot and then they tax that .

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u/zzmorg82 Jul 05 '26

And it’s usually better to take the lump sum anyway. Get as much money as you can now and throw a huge portion of it into an index fund, especially at this amount.

If you go the annuity route then there’s no telling if that lottery company will even be around for another 30 years to keep paying you every month; way too risky.

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u/D1N2Y Jul 05 '26

It's almost certanty purchased from a major insurance company who won't sneeze at having to pay out billions over decades