Quote:
Originally Posted by retiredguy123
It is a bad investment.
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It's not an investment. Its an entertainment answer to a dream. . . Eureka! the 1800's exclamation for finding a load of gold in the ground, same dream.
all retirement strategies
should include a lottery strategy, low cost, high payoff, very tiny amounts, like once a year, for christmas stocking stuffers. Same with 8 play parlays in the NFL, 175 x the original bet. . . odds are low, payoff high. . minimal amounts of bets for entertainment, but random luck can hit changing one's life.
however, there are smaller odds lotteries with better odds with life changing money. FL Lotto has great odds, several million + payout. Put the FL lotto app on your phone and play that lottery for Christmas, buy an annual ticket, pick it and forget it.
If you are worried about winning too much money, take the 20 year payout.
If you are wanting to use it to gift to relatives etc, take the lump sum.
If you are worried about paying more in taxes or taxes at all, no one can help you.. . don't play
