When you take the lump sum, the first thing to realize is that about 45 to 50 percent of the lump sum prize will be lost up front to pay income taxes. You'll need tax advice as to how much tax you'll owe and when tax payments must be made.
Most importantly, know that windshield wipers do expire. Windshield wiper arms average about two to three years, not accounting for more persistent or intense weather conditions, while the rubber part needs replacement about once a year. Expect only a four to six month lifespan for hotter climates.
On average, your garbage disposal should last you a good number of years before the blades will wear down or the motor will burn out. Depending on when you installed it (modern garbage disposals are much more long-lasting than older ones), you can expect your garbage disposal to last anywhere from 8 â 15 years.