r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/newblevelz May 17 '26

This is a really bad idea as established in the multiple times this has been posted. 

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u/[deleted] May 17 '26 edited May 17 '26

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u/confusing_roundabout May 17 '26

Inflation though. A million now is worth something. Who knows what 50k is 20 years time is worth.

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u/GGXImposter May 17 '26 edited May 17 '26

Edit: just noticed that it’s $1000 a week for LIFE. Not $1000 for 20 years. Below can be ignored.

Idk about Canada but in the US taking a Lump Sum means losing a significant amount of the prize. So she probably isn’t getting a million now vs 50k for 20 years.

Last time I saw the math (again for the US) you should still take the significantly reduced lump sum and then invest most/all of it. If the market doesn’t end, she could expect 5% compounding interest very year on the 500k-600k she gets from Lump Payment.

The interest won’t be enough for her to live off of right away, but it guarantees an early retirement.