Lottery Winners–Need to know the Present Value of your annuity?

LOTTERY BUYOUTS

After winning the lottery, lottery winners are faced with a very important decision.  Do you take the lump sum option, or would you rather receive your payments over a long period of time?  Typically, people choosing to take the lump sum option have confidence that they can put their money to work through investments, and beat the odds on returns of the longer term payout from an annuity.  On the other hand, the longer term payout through an annuity is typically the option chosen by those who are a little more conservative with money management.  Whatever option you choose, there are pros and cons involved with each.  Fortunately, if you choose the annuity option and decide later that you should have taken the lump sum option, Cox Financial has a solution for you…

Cox Financial pays the most cash for lottery payments through our lottery buyout program.  You can choose to receive a lump sum of cash in exchange for your lottery payments.  Feel free to use the lottery annuity payment  calculator  to see the current present value of your lottery annuity payments.  Also, remember that the present value of your lottery annuity changes with time.  Create a free account to receive periodic automatic updates on the present value of your lottery annuity.  Or, give us a call today at (877) 540-1042 to discuss your lottery buyout options.

DO I HAVE TO SELL ALL OF MY LOTTERY PAYMENTS?

No, if you need a lump sum payment, but need to continue to receive some of your lottery payments in the future, Cox Financial may have a solution for you.  Depending on the state law where you reside, we may be able to provide you with an option to get a lump sum payment, while allowing you to receive some of your lottery payments in the future.

 WHY WOULD I CHOOSE A LOTTERY BUYOUT?

There are many instances that can lead you to choose a lottery buyout option.  One common reason is unexpected financial emergencies.  When you simply can’t afford to wait any longer on your next lottery payment. Also, you could need a lump sum of cash to start a business, build your dream home, pay for a wedding, or send a child to college.  Choosing a lottery buyout may be the best possible solution in these instances.  Give us a call today at (877) 540-1042 to discuss your options.