Taxes may be much higher in the future, so it may be better to take your hit now (capital gains taxes tend to be lower than income taxes).
If you want a "failsafe," you can put PART of it in an annuity yourself. Even if you "only" put 1 or 2 million bucks in an annuity, that'd give you a decent guaranteed middle class paycheck the rest of your life.
However, if you're going to be stupid about it, there are companies that will buy out your future annuity payments for a lump sum (either the lotto annuity, or an annuity you buy on your own). No one can protect you from big stupidity... |
