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Powerball jackpot: Lump sum or annuity projection produces surprising result

Por: Fox Business Business November 08, 2022

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Check out what's clicking on FoxBusiness.com The winner of Tuesday’s multi-billion Powerball jackpot is facing a ginormous decision — whether to choose the cash or annuity option. Either choice comes with a huge tax bill. Most winners chose to take the cash, and swallow a 37% federal tax rate, and any state taxes. In fact, , no one has taken an annuity since 2014.However, independent financial planner Adam Soloff of Warminster,... + full article



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