You know, not 20 minutes ago, I was at the gas station buying some beer. The guy in front of me bought some lotto tickets. Here in Texas, the buyer has the option of one CASH payment if they win, or annual PAYMENTS. Back when I used to buy lotto tickets, I always said CASH OPTION. The guy in front of me said PAYMENTS, and it was all I could do to say to the guy, "Hey man, you really want the cash option, better interest potential," but I held back.
As I reached the counter I said to the older woman, "That's the first time I've ever seen anyone take the payment option."
"Oh, I always take payments," she gruffed. She said the gov't takes less taxes if you're paid annually.
Just wondering which is the better road ... not for me, I don't play anymore, but the big pile of loot seems more appealing than a measly $94,000 a year.
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