Most Helpful Girl
I think you get more if you take the lump sum.
I'd probably buy myself a new vehicle and move out on my own - nothing super impressive though. I'd still live like I was dirt poor haha
I like to collect money and I really don't like to spend it. I just spent money on Christmas presents for people and I'm sitting here lamenting how we are required to spend money on the holidays lol I'd just watch it in my bank account. And probably polish off my retirement fund and invest some but keep most just to have a giant number to look at on my bank statements.
Oh. And not tell anyone I have it.0
Most Helpful Guy
lump sum for 3 simple financial reason.
1) you have to presume taxes are going to increase so you may as well take the lump with all taxes applied once than what should be assumed is a rising tax rate on the monthly payments
2) if you invest you want to be able to invest, and thus see a return, on as much money as possible so you can get back the most
3) if you die while receiving the installment payments all the money unpaid to you goes right back to the government. if you take the lump you can will the money to family or friends if and when you die0