2 Smart Ways To Handle A Lump Sum Payment
Frequently, people who receive a substantial severance or pension, win a large judgment in court, or win a large casino or lottery payout are advised to take their money in the form of annual payments, rather than taking a large lump sum payment all at once. There's some sound logic behind this advice – you frequently forfeit some portion of the money when you choose a lump sum payment, and besides, the simple truth is that many people are simply not good at managing large sums of money.