If you really were brave/crazy enough to choose the annunity...

Reply #29

dallascowboyfan — Fri, 22 Mar 2013 09:35:48 GMT

Reply #28

joshuacloak — Thu, 21 Mar 2013 23:11:26 GMT

few people understand 1, annunity,aka govt bonds,at this point is taking suicide route option for your money

few people understand anything about keeping,let alone growing your Purchasing power.

Purchasing Power is More Important than Investment Profits long term

.Purchasing power is a calculation of how much you could buy with X amount of money.

ofc u get your would i actually get the advertised payout

lottery got that thing backed by us govt. as big as a joke as it is... [ More ]

Reply #27

billionaire2bee — Thu, 21 Mar 2013 20:12:30 GMT

Yeah bird in hand...but Im wondering...are there any stories out there where people didnt get all their money in an annunity....not them selling future payments either Im talking like the powerball or megamillions issued annunity gone bad....Does anyone know

Reply #26

haymaker — Thu, 21 Mar 2013 18:58:33 GMT

Roger that as you like to say. LOL

Reply #25

rdgrnr — Thu, 21 Mar 2013 17:38:39 GMT

I'll take the 200 plus millions in cash.

I like to make my own decisions on what I'll put into annuities if I so desire.

The government's track record with other people's money isn't one that's conducive to gaining trust from me.

I'd get it out of their hands at the soonest possible moment.

Reply #24

helpmewin — Thu, 21 Mar 2013 17:30:27 GMT

thats cute

Reply #23

billionaire2bee — Thu, 21 Mar 2013 17:19:18 GMT

Wow just checked out the annunity payout on jackpot mega for the 320 million and its astronomical!!! Almost 4 million for your first payment and 12 million for your last....so so tempting

Reply #22

Ronnie316 — Mon, 18 Mar 2013 23:08:04 GMT

Now that's what I call keeping it simple. Perhaps a Vanguard annuity may be of some interest to you?

https://personal.vanguard.com/us/funds/annuities/variable

Reply #21

Ronnie316 — Mon, 18 Mar 2013 22:43:35 GMT

But you dont have to foresee anything to know that rates are at historic lows.

Reply #20

KY Floyd — Mon, 18 Mar 2013 22:06:23 GMT

Except that the anuity is yours and goes to your heirs if you die before collecting all of the payments.

Reply #19

zinniagirl — Mon, 18 Mar 2013 21:14:19 GMT

Tax rates only go one way....up! Prices overall only go one way... up. Seems the answer lyes with the person who actually makes the decision. What's best for him or her when they actually win the money. RIght now it is easy for armchair winners to say one way or the other. Me, I lean toward give it to me now, pay taxes once, dump some of it in the prepaid tax IRA and do what is necessary with the rest. Of course, what I would actually do depends on if I actually win..

Good luck to all, a... [ More ]

Reply #18

Coin Toss — Mon, 18 Mar 2013 21:08:36 GMT

Nobody can foresee what prices are going to be decades down the road.

Someone who won a state lotery some 30 years ago might have thought an annuity was a great idea, but towards the end of the payments it might have bought a car but not a house.

In the 1970s Mercury (Remember them?) used to run an ad in the car mags, Capri, the Sexy European for under $2300.

Just something to think about.

Reply #17

djklaugh — Mon, 18 Mar 2013 18:11:25 GMT

From Powerball FAQ on USA MEGA:

What happens if I win an annuity and die before all the installments have been paid?

Your designated beneficiaries will receive the remaining payments.

Reply #16

Ronnie316 — Mon, 18 Mar 2013 15:48:41 GMT

if you really really want an annuity, don't you think it might be BETTER to wait a few years til rates go back up and buy one that your heirs will get (instead of the state) in the event that the annuity outlives you

Reply #15

Ronnie316 — Mon, 18 Mar 2013 15:44:52 GMT

He sounds really good at writing long winded articles.

Reply #14

Ronnie316 — Mon, 18 Mar 2013 15:39:03 GMT

I seem recall that your estate doesn't get squat if you die before the annuity payment is complete???

Taking the a-nun-ity is the same as making the state your heir.

Reply #13

Ronnie316 — Mon, 18 Mar 2013 15:36:21 GMT

the best bet ... build a team of advisors that you can hopefully trust

I don't understand we people over complicate this. One qualified person would be enough and there are plenty of them out there with a proven track record of trustworthiness.

Reply #12

savagegoose — Mon, 18 Mar 2013 10:38:45 GMT

if you invested say half the annuity money ea year. lonlg before your 30 years are up you will be earning as much from the investments than getting frm the annuity. by the end you would have 190 mill in investments most probably.

why invest you may well ask? well its good practice, and as i see it, learning to live off of only $2 mill a year would be fun.

Reply #11

weshar75 — Mon, 18 Mar 2013 02:20:08 GMT

If I get lucky on my ticket on wednesday night I think I would have a hard time not taking the annuity for the 30 years. I am hoping that if I take the annuity their will be less people asking for handouts. You never know though. It would be a headache that I would like to have some day!-weshar75

Reply #10

redhot7 — Mon, 18 Mar 2013 01:47:27 GMT

I found this article from the Straight Dope that explains the strength and weakness of lump sum vs annuity.

Reply #9

rowlettewheel — Sun, 17 Mar 2013 20:52:26 GMT

hell matching five numbers would work

Reply #8

TheGameGrl — Sun, 17 Mar 2013 17:07:44 GMT

When making a claim of this size, either by annuity or full payout, an assignment of an heir or Secondary is advised by the lottery. So yes , there is a rule that allows such a condition to exist in the event of death.

I'm not brave enough to allow annuity, based on the interest rate, the best interest is in my safe

Reply #7

Romancandle — Sun, 17 Mar 2013 16:41:03 GMT

I seem recall that your estate doesn't get squat if you die before the annuity payment is complete??? PB annuity is set on a sliding scale vs. MM, so it appears to be growing. Just remember, 9million 30yrs from now... year 2043 is the same as (in theory) 3 million today in terms of purchasing power- not that I'd be complaining.

There are tons of things to consider... the best bet ... build a team of advisors that you can hopefully trust (very hard) and let them worry about it while you sip bo... [ More ]

Reply #6

rdgrnr — Sun, 17 Mar 2013 14:35:11 GMT

I would be sorely tempted to take that annunity...

Personally, I've never been interested in becoming a nun.

But as far as the jackpot goes, I'll take it all now, whatever the amount.

I wouldn't want to risk my jackpot falling victim to the fundamental change taking place in this country.

If you know what I mean (nudge nudge, wink wink). Say no more, say no more

Reply #5

sully16 — Sun, 17 Mar 2013 14:17:45 GMT

I'm a happy camper if I get my money back, LOL

Reply #4

dallascowboyfan — Sun, 17 Mar 2013 14:03:56 GMT

Amen sister

Reply #3

sully16 — Sun, 17 Mar 2013 13:21:05 GMT

I would be happy with whatever I won.

Reply #2

schmuckatelly — Sun, 17 Mar 2013 12:42:37 GMT

In today's economy I would be worried about something happening to the lottery system and not getting the full amount.

Reply #1

Lucky4Life — Sun, 17 Mar 2013 12:28:35 GMT

I would take the annuity. No fuss, no muss. I want to be on a beach somewhere, not worrying about my investments. i'm 35, a few million a year for the next 30 years is more than enough for me. I don't know what i would do with 120 million in one lump sum anyway.

If you really were brave/crazy enough to choose the annunity...

billionaire2bee — Sun, 17 Mar 2013 12:19:15 GMT

Do you think you or your estate would actually get the advertised payout or would it grow or do you think you'd lose money? I was looking at the jackpot analysis here and your first payment would be well over $3 million dollars and your last three are over $9 million!!!! I would be sorely tempted to take that annunity...