Don’t take a lump-sum payout and put it in a high-yield savings: If you choose to take a lump sum, Mathseson advises against parking it in a high-yield savings.So what to do if you find yourself in those lucky shoes and are suddenly faced with such a dilemma? Do you take the money all at once? Take annuity payments? Invest it aggressively? Here are some do’s and don’ts to consider: Of those who do beat the odds and win, about 99% opt to take the lump sum payment, says Matheson.
