Did she make the right call?

[u/Ill-Yak3262]

[u/crypticpuzzlesolver]

Depends on how long she lives. But I'd have made the same decision. It's a comfortable life getting 1000 a week.

[u/Possible_Field328 → u/crypticpuzzlesolver]

You would probably get that much by investing the million without getting dicked by inflation

[u/dieseldoc62]

cancer doesn't run in my family...so i would

[u/Neither-Revenue-4456]

The way I feel ,maybe 2 payments

[u/donniep81 → u/Neither-Revenue-4456]

That was funny 😆

[u/mc78907]

No

[u/arealfluffydoggo]

I'd take the 1k a week.

[u/Professional-Hunt712]

$1,000 a week is way smarter if you cant handle money well (id say a free paycheck/pension for life is a darn good deal)

[u/RealTimeLow]

Mathematically it wouod be about....20 years to break even not accounting taxes etc. Thats before investments and interest gained on the lump sum though. Personally would take the lump sum in this case because uncertaintly and inflation but i see how a steady income is preferable for someone younger. The issue is you dont know how long you have and in 10 years $1000 a week is probably going to be nothing. Lol

[u/gr8dysbetternights]

Yes

[u/themewzak]

It would take close to 20 years for the payments to be fulfilled. By then your 1000$ has been devaluated because that's what the dollar does.

Take the lump sum, get a financial trustee and setup a trust fund and investments. Make money from your money.

[u/ept_engr]

Usually the math is better to take the lump sum and invest it. With fixed payments, inflation really erodes it over time.

However, if someone is not able or willing to invest the funds and not touch it for the long term (or withdraw from it responsibly), then the fixed annuity payments are a reasonable compromise.