Wednesday, June 10, 2009

Show me the money

Winning the lottery is the dream of many people. But even if you did win a Mega Millions jackpot, you'd have at least one more tough decision to make in you life. Do you take the money all at once right now, or in smaller amounts over a longer period of time?

Financial experts say the answer lies in inflation.

"A dollar tomorrow or a dollar next year, isn't as valuable as a dollar today," says Ron Sirota of Strategic Financial Planning. "So a dollar eighteen years from worth much less than a dollar today."

To find out more about this, click on the video below to watch NCC reporter, Mike Hardman's full story.

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