If you were to win the lotto, would you rather collect it in one lump sum, or in annual payments?

lump sum because cash now is worth more now than it is in the future. Its like if some one offers you 100 in the right hand or 50 in the left. THe only catch is you can have the 50 today, but you have to wait 20 years to have the 100. Inflation takes the value of annuities and future income.