this post was submitted on 14 May 2025
507 points (98.7% liked)
Technology
69999 readers
4639 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Absolutely. However, if you are not the best with money, or on the irresponsible side; it might be best to take the annuity. Mathematically it makes no sense to do so, but if it stops you from blowing it all on hookers and coke in two years then its for the best. In other words, if you having it all is riskier than the state keeping track of it.
Even if you're bad with money, take the lump sum and go get a fiduciary advisor to handle it and give you a regular payout. Being a fiduciary advisor is important since it means they are legally obligated to work to the benefit of your money, not lining their pockets. Using something like a trust is another good way to protect you from yourself.
I mean more like someone who is irresponsible and maybe dumb. I was trying to be polite. Someone that doesnt even know what a fidicuary is.
What’s wrong with hookers and coke?
Nothing... the real issue is all the other money you wasted.
Can’t you open up a trust with the money and put a provision on it saving you from yourself?
Im talking about someone who doesnt know wtf any of that means. Like the town idiot.
Sure you can... but that would mean you are responsible with money ahah