Is playing the Lottery a retirement strategy?

August 10, 2013 by Tim Turner | Leave a Comment

With this weeks $448 million jackpot, lottery fever hits the US again.  Why do so many people talk about “winning the lottery” as their retirement plan when the chances are infinitessimally small?

Not only that, studies have shown that most lottery winners end up miserable, broke and estranged from family and friends, as so many people “expect” them to share their winnings.  That would make for a lousy retirement don’t ya think?

Do you play the lottery regularly hoping to hit it big?

If so, do you deep down really think that you will be one of the winners?  And if you did win, why do you think you would be able to withstand the misery that follows?

Read about the latest powerball jackpot on USA Today at:

http://www.usatoday.com/story/news/nation/2013/08/07/powerball-players-jackpots/2629245/