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So when that long island publisher's clearinghouse finally awards money to someone on long island for a change - should you take $10,000 a week or $10 million all at once ?
So when that long island publisher's clearinghouse finally awards money to someone on long island for a change - should you take $10,000 a week or $10 million all at once ?
Lump sum. Unless you buy a large life insurance policy.
LOL - yes but what if you don't trust your heirs? Wouldn't want to "trip" downstairs you know.
In that case you have already answered the very question you asked. If you don't trust the fam then take the money in a lump sum and spend, spend and spend. If you take the weekly, I have the same advice. Spend, spend, spend, if leaving $$ is of no import.
Well I imagine there are different tax consequences - not sure that would eat most of the lump sum.
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