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The decision of whether to accept the lump sum payment or choose yearly installments spread over a number of years is crucial for jackpot winners. Although receiving thusa slotse lump sum payment might initially seem like a desirable option, winners should think about the effects on their taxes and long-term financial planning before deciding. Making a budget and investment plan that are in line with their long-term financial objectives and values is a crucial part of financial planning for lottery winners.

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