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Teen wins lottery





Here is why they think she took the best option.
So would she be better off simply taking the million and spending it now, before it starts to fall in value in real terms?
(Newser) A Canadian teenager managed to set herself up financially for life on her first day as an adult.
Living into her 80s would mean collecting more than 3m in total over her lifetime."If Charlie had racked up debts of 100,000 she might have chosen to take hotels near skycity casino auckland the lump sum and rid herself of the huge associated interest costs.She won, and had the choice between taking a C1m (780,000; 550,000) lump sum or earning 1,000 a week for life.Lottery win teen: Did she choose wisely?Miss Lagarde struck the jackpot after buying a scratch lottery ticket for the first time to mark her 18th birthday."If you're lucky enough to be in a position like Charlie, the key is to think about all the factors that affect the value of your money and don't make any rash decisions.").A choice for everyone?From a purely mathematical perspective, it would take just over 19 years to reach a million by taking 1,000 a week."A woman retiring at the age of 65 with a pension pot of 1m, for example, might be offered a level income of 53,000 a year for life.Lagarde collected the prize this week after taking time to decide she wanted the untaxed weekly payment instead of a lump sum of 1 million Canadian, reports."That was her first lottery ticket ever and she fell upon a winning ticket.".EU Data Subject Requests.Here are his calculations, assuming an investment return of 5 (which represents a realistic, but not guaranteed return If she spends nothing and invests the weekly payments (52,000 a year compared to taking the 1m lump sum and investing it, she would be better off.Still, the decision is a little more complicated than simple maths.Given Canadian life expectancy is 82, according to the World Bank, the withdrawals would last for her lifetime.All this means that, for someone aged in their early 30s or older, the choice would be much tougher than it was for Miss Lagarde.Billions of pounds that you fail to claim.


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