is there any scenario where you take annual payments over the Lump sum? https://www.lotterypost.com/thread/270891 Lottery Post Forum Topic: is there any scenario where you take annual payments over the Lump sum? en-us Lottery Post RSS Generator Reply #27 https://www.lotterypost.com/thread/270891/3470165 https://www.lotterypost.com/thread/270891/3470165 Fri, 07 Feb 2014 02:46:57 GMT Mattapan I don't think the tax rate will stay at 39.6% either, so i would have to take the lump sum. in the past, if I could get an annual payment of over 5 mil, I would've taken that but I think it's safer to take the lump sum now.

]]> Mattapan Reply #26 https://www.lotterypost.com/thread/270891/3470012 https://www.lotterypost.com/thread/270891/3470012 Fri, 07 Feb 2014 00:54:10 GMT Shelby Mustang Ehhh I think which ever you take the money will out live you unless you're trying to do stupid stuff like make it rain and crap like that

]]> Shelby Mustang Reply #25 https://www.lotterypost.com/thread/270891/3468614 https://www.lotterypost.com/thread/270891/3468614 Thu, 06 Feb 2014 01:20:31 GMT lejardin Agree 100% CDana, cash only, the government and this admin is untrustworthy, taxes arent the only issue I have a problem with.

]]> lejardin Reply #24 https://www.lotterypost.com/thread/270891/3468341 https://www.lotterypost.com/thread/270891/3468341 Wed, 05 Feb 2014 22:21:28 GMT CDanaT NO ANNUITY----------Cash Only....Don't trust the federal government one bit to keep the tax level at/near 39.6 % over the next 30 years.

]]> CDanaT Reply #23 https://www.lotterypost.com/thread/270891/3467919 https://www.lotterypost.com/thread/270891/3467919 Wed, 05 Feb 2014 17:27:37 GMT sookie Lump sum cash in one payment

]]> sookie Reply #22 https://www.lotterypost.com/thread/270891/3467289 https://www.lotterypost.com/thread/270891/3467289 Wed, 05 Feb 2014 04:27:20 GMT onlymoney You'll never win anyway, so who cares

]]> onlymoney Reply #21 https://www.lotterypost.com/thread/270891/3443898 https://www.lotterypost.com/thread/270891/3443898 Tue, 21 Jan 2014 01:27:28 GMT MillionsWanted If I am under 50 y.o. (which I am) I would take annual payments. If I was in my 70s++ I would go for a lump sum.

That is if I lived in the USA. In Norway they only pay out the total winning sum, which is tax free.

]]> MillionsWanted Reply #20 https://www.lotterypost.com/thread/270891/3443815 https://www.lotterypost.com/thread/270891/3443815 Tue, 21 Jan 2014 00:43:16 GMT veganlife125 Around 80% lose it all by taking the lump sum. They have no experience with money because they have never saved any. At least with multi year payments some of them might learn a lesson after losing it for several years and keep the rest. Choices carry a long time.

That reminds me of a choice senario when i was a kid. Two men in a mechanic shop were standing in front of a poster that showed a brand new red convertible corvette with a beautiful buxom blonde in a white bikini provocatively layin... [ More ]

]]> veganlife125 Reply #19 https://www.lotterypost.com/thread/270891/3443791 https://www.lotterypost.com/thread/270891/3443791 Tue, 21 Jan 2014 00:28:36 GMT haymaker Interesting, would I have to option of cashing them out myself ?

Do my beneficiaries have any downside to this ?

Is this anything like selling the structured settlement to J.G. Wentworth or some such

]]> haymaker Reply #18 https://www.lotterypost.com/thread/270891/3443712 https://www.lotterypost.com/thread/270891/3443712 Mon, 20 Jan 2014 23:29:16 GMT RJOh According to the PB and MM website, you beneficiaries have the option of cashing out your annuity and getting its cash value so it shouldn't be any more of a burden for them to pay the taxes than it to pay their regular taxes.

]]> RJOh Reply #17 https://www.lotterypost.com/thread/270891/3443686 https://www.lotterypost.com/thread/270891/3443686 Mon, 20 Jan 2014 23:12:52 GMT a911scanner A lump sum of any amount wisely invested will outpace the total annuity payments of any jackpot, even after a modest yearly paycheck taxes.

Anybody that takes an annuity by choice does not trust themselves, does not trust any financial advisors but trusts the government to never raise taxes.

Sounds like the same people who live in the world of unicorns daily rainbows.

]]> a911scanner Reply #16 https://www.lotterypost.com/thread/270891/3433131 https://www.lotterypost.com/thread/270891/3433131 Mon, 13 Jan 2014 21:46:48 GMT IPlayWeekly I'll take the lump sum, will be easier (in my opinion) to manage

]]> IPlayWeekly Reply #15 https://www.lotterypost.com/thread/270891/3433111 https://www.lotterypost.com/thread/270891/3433111 Mon, 13 Jan 2014 21:23:15 GMT haymaker Not as long as the current tax law demands full payment from your estate,

there by putting a burden on your beneficiaries.

]]> haymaker Reply #14 https://www.lotterypost.com/thread/270891/3432839 https://www.lotterypost.com/thread/270891/3432839 Mon, 13 Jan 2014 18:00:40 GMT helpmewin is there any scenario where you take annual payments over the Lump sum

]]> helpmewin Reply #13 https://www.lotterypost.com/thread/270891/3432696 https://www.lotterypost.com/thread/270891/3432696 Mon, 13 Jan 2014 16:14:56 GMT RedStang Give me the lump sum so i can hit the Atm and see all those zeros on the receipt.

]]> RedStang Reply #12 https://www.lotterypost.com/thread/270891/3432528 https://www.lotterypost.com/thread/270891/3432528 Mon, 13 Jan 2014 13:58:18 GMT Shelby Mustang If the annunity ever hit that billion dollar mark. I think it would be fun to get that outrageous check year after year after year LOL. I dont think you could Jack Whittaker or Dave Edwards yourself by getting a huge check every year....unless you were really really trying

]]> Shelby Mustang Reply #11 https://www.lotterypost.com/thread/270891/3432466 https://www.lotterypost.com/thread/270891/3432466 Mon, 13 Jan 2014 12:17:54 GMT BobP Annunity makes it easier to say no, if you have a hard time saying no.

BobP

]]> BobP Reply #10 https://www.lotterypost.com/thread/270891/3432429 https://www.lotterypost.com/thread/270891/3432429 Mon, 13 Jan 2014 10:48:42 GMT hearsetrax thats the way I'd do it

]]> hearsetrax Reply #9 https://www.lotterypost.com/thread/270891/3432389 https://www.lotterypost.com/thread/270891/3432389 Mon, 13 Jan 2014 08:09:02 GMT savagegoose i spose if the annuity was say $5 mil a year, i could hapilly live off $2 mill and invest the rest. if i make a mistake its cool, next year im getting another $5 mill. but if i make the same mistake with a lump sum BAMB , its back to fishing scrathers out of the the garbage, i guess the mistake would be putting all my eggs in one basket in this example. i image by the time 20 years come around i would be used to living like a multi millionaire. and manageing my money. and ready to lose thwe annu... [ More ]

]]> savagegoose Reply #8 https://www.lotterypost.com/thread/270891/3432364 https://www.lotterypost.com/thread/270891/3432364 Mon, 13 Jan 2014 06:14:20 GMT dognabit My magic number is two. If I can walk away with more than 2 million after taxes I'll take the lump sum. Less tahn 2 million, I'll take the annuity.

I'd invest a good portion of the yearly pay outs and most likely still work for a few years.

]]> dognabit Reply #7 https://www.lotterypost.com/thread/270891/3432286 https://www.lotterypost.com/thread/270891/3432286 Mon, 13 Jan 2014 04:50:29 GMT mikeintexas Them's my sentiments. I'm quite a bit older than you and I *hope* I have 30 yrs. left on this mortal coil, but I doubt it and even if I did, I expect I won't have the mental capacity to even remember that I had money coming in. Nope, I want it all now. I don't know if I could match the difference between the annuity total and what I could gain by investing the lump sum, but I'm a bird in the hand kinda guy. I just read where France is trying to pass a 90% top tax rate - who is to say that couldn... [ More ]

]]> mikeintexas Reply #6 https://www.lotterypost.com/thread/270891/3432095 https://www.lotterypost.com/thread/270891/3432095 Mon, 13 Jan 2014 02:12:51 GMT Lucky4Life hundreds of millions yes the annunity.

Less than 100 no i will take the lump sum and my chances.

]]> Lucky4Life Reply #5 https://www.lotterypost.com/thread/270891/3432044 https://www.lotterypost.com/thread/270891/3432044 Mon, 13 Jan 2014 01:27:35 GMT rdgrnr Nope.

Cash money.

]]> rdgrnr Reply #4 https://www.lotterypost.com/thread/270891/3432033 https://www.lotterypost.com/thread/270891/3432033 Mon, 13 Jan 2014 01:20:27 GMT mrcraft With jackpot games, no.

We have four Scratcher games - Lucky for Life series that pays an amount every week for 25 years. The $1 game pays $500 a week for 25 years. That might be one where I just take the weekly payments knowing that I'll have something for the next 25 years. People do have the option to take the cash value of $375,000 in lieu of weekly payments.

]]> mrcraft Reply #3 https://www.lotterypost.com/thread/270891/3432026 https://www.lotterypost.com/thread/270891/3432026 Mon, 13 Jan 2014 01:19:02 GMT noise-gate I agree 100% Maringoman. Nothing like family caring for them long after one has passed beyond the veil.

]]> noise-gate Reply #2 https://www.lotterypost.com/thread/270891/3432013 https://www.lotterypost.com/thread/270891/3432013 Mon, 13 Jan 2014 01:11:45 GMT weshar75 If I get lucky in the next year I will still take the annuity but once I turn forty in 2015 I think it will be cash for the rest of my life if I win big. So come on lotto lady luck bring daddy some new shoes.-weshar75

]]> weshar75 Reply #1 https://www.lotterypost.com/thread/270891/3432005 https://www.lotterypost.com/thread/270891/3432005 Mon, 13 Jan 2014 01:05:04 GMT maringoman I suppose if a man was terminally ill and had young children and the mother to his kids was unavailable then he would prefer to take annual payments and put up a trust for them.

]]> maringoman is there any scenario where you take annual payments over the Lump sum? https://www.lotterypost.com/thread/270891 https://www.lotterypost.com/thread/270891 Mon, 13 Jan 2014 00:08:13 GMT noise-gate Lump sum if you please.

I like handling large Dollar bills, especially knowing that they mine.

** Have a good week people.

]]> noise-gate