The lottery is the term for state-run gambling. There are a number of different games, some unique to a particular state, some cross many borders. Many people dream of someday winning an enormous payout, but they do not necessarily know how the system works. If you are one of those daydreaming about what to do when you win the lottery, this overview should provide you with the ability to make wise choices.

The Odds

Most people have at least some awareness that the odds are somewhat stacked against them when playing the lottery. This is a fact for the scratch off tickets as well as the games involving the lotto balls. If you were to play the Powerball, for instance, your chances of winning are roughly 292 million to one. Not exactly a dependable retirement plan. The rate of return on l

The American justice system is dedicated to the protection of each and every American citizen’s freedoms. In the case of civil lawsuits, someone has been wronged and is entitled to compensation. In order to avoid the need for legal action, up to 92% of cases settle outside of court. The average employee lawsuit paid out an average of $150,000; medical malpractice lawsuits paid out a combined $3.6 billion in 2013.

Structured Settlement Annuity Benefits

A structured settlement paid out in the form of an annuity provides the claimant with a yearly check to live on. For tax purposes, a structured settlement can save someone between 25-25% in state and federal taxes on interest income that would have otherwise been subject to tax — this varies depending o

Those who at least know what an annuity is can tell you how beneficial having one is. If you sell fixed annuity or are interested in selling your annuity on its own can give you a great lump sum of cash as well. If you play your cards right though, you know you can do great things with the money you get from investing in an annuity.

Reinvest It

If you like to be smart with your money, your best bet is to reinvest the money you get for an even larger annuity, a second one, or even to invest it in a property or something similar. The idea of an annuity is to make your money work for you, so it only makes sense that you would put the money back somewhere wh