Tag: Lump sum decision

A fortunate lottery player, Jimareo Sherrill from Charlotte, North Carolina, struck gold at Walmart clinching a $1 million prize with a $50 scratch-off ticket. However, the elation took a hit as Sherrill had to decide between a $50,000 yearly payout for two decades or a $600,000 lump sum, further diminished to $429,014 after taxes. Walmart’s…