I would take the lump sum. I once worked on an account where we needed case studies from high net worth clients. One of the customers had won approx $50millon dollars in Macau and he worked with an advisor to pay off all his debts and the debts of his children. Then the FA worked out the best way for him to get a monthly income and save most of it, so it would just gain interest. Fascinating stuff
__________________
|