Quote:
Originally Posted by MacroGuru
The one thing that concerned me was the immediate arrival to the PB office...Usually it's one or two full days after because he is getting his ducks in a row with an account/lawyer/financial planner.
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It's a good point.
Situations like this where you have someone who only has a HS education are a good reason IMO for him to take the full amount rather than a lump sum. Even if he's irresponsible with it, he's still going to have a $10M check coming every year for the next 25 years. Yes, he may not be able to optimize the money from an investment perspective like some of us could, but I think it gives him the best chance to not overspend and allow him to make a couple of mistakes along the way without blowing it all.