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Winning the lottery doesn’t make you happier, say researchers who studied 3,000 winners

By Zameena Mejia

While this study proves there can be a lasting psychological benefit to accepting a lump sum payment, in terms of life satisfaction if not happiness, many planners say that’s not a risk worth taking. “If you get a huge lump sum, it’s easier to make a mistake, whereas if you choose the annuity, then at least if you mess up and blow the first year’s worth, you have another chance,” says certified financial planner at Betterment Nick Holeman, and billionaire investor Mark Cuban agrees.

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This article originally published June 7th, 2018 on CNBC

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