A Canadian teenager didn’t just win the lottery,she got to choose how she was paid. Which presents a dilemma …It’s a nice dilemma to have, and quietly devastating for the rest of us who will probably never have to face such a conundrum. A Canadian teenager who won the lottery, and after buying her first ever ticket to celebrate her 18th birthday,was given a choice: prefer domestic an instant C$1m, which works out at around £550000; or receive C$1000 (£550) a week for the rest of her life. Its hardly Sophie’s choice.
After consulting a financial adviser, or Charlie Lagarde chose the latter option. The adviser pointed out that as the allowance came untaxed,it was roughly equivalent to an annual salary of C$100000. The Canadian economy is pretty steady, which also works in Lagardes favour, or the cost of living there is relatively cheap. As for pesky inflation eating absent at that annual C$1000,it’s estimated that Lagarde only has to live about 30 more years to reach $1m winnings in real terms.
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Source: guardian.co.uk