Should I use the lump sum now to cut out mortgage payments on my buy-to-let, or leave the cash to hopefully grow in value for ...

Couple of million? Tens of millions? After taxes, you may not be getting that much in a lump sum payment, comparatively speaking, and you might as well go for it. Depending on how you answer the ...

The total payout over 30 years for a $1 billion jackpot (assuming tax rates stay the same) would be about $630 million, over half again what you'd get from the lump sum payment. If you die before ...

Both options are subject to income taxes — although some states such as California exempt lottery earnings. The annuity option spreads out the tax burden in addition to the payments. Annuities ...