In the United States alone, lottery players spend more than $70 billion dollars on tickets each year, even though the odds of winning the lottery—the Powerball, for example—are only about 1 in 175 million. And of those lottery winners who do hit a large jackpot, most of them will not end up wealthy over a… Read More

If you mostly rely on your structured settlement annuity payments or your lottery prize annuity, then you are living on a fixed income. This simply means that these guaranteed payments make up the majority of your annual earnings. Oftentimes, retired people also will live on fixed incomes that the bank is paying out as a result… Read More