Warning! Warning!! Warning!!

Reply #55

smd173 — Sat, 18 Jan 2003 12:32:27 GMT

CASH: I believe he takes office on Tuesday. I think he is going to focus on lowering property taxes first (one of his campaign promises). I wouldn't expect any changes/additions to the PA Lottery announced until summer. I know he is advocate of getting Keno in the state and possibly Riverboat Gambling. Regardless, Rendell will be a great governor for us. Just like he was a great mayor of Philly.

Reply #54

CASH Only — Sat, 18 Jan 2003 12:12:27 GMT

smd: Rendell takes office next week AFAIK.

Reply #53

smd173 — Sat, 18 Jan 2003 12:08:39 GMT

Haven't e-mailed DE yet. I think I'll e-mail them and PA today.

Reply #52

CASH Only — Sat, 18 Jan 2003 04:20:46 GMT

smd: Except that if you won, you'd be STUCK with the annuity. Still haven't heard about what PA is doing. Did you e-mail Delaware about getting Hot Lotto

Reply #51

smd173 — Sat, 18 Jan 2003 00:16:18 GMT

CASH,Although I prefer the lump sum, I must say that on a few occasions I chose Annuity Option for the PA Super 6 (before Powerball was offered here). The main reason was to extend the excitement for a few more minutes. For example...if I bought CASH OPTION only tickets and the winner (as posted on the PA Lottery website) was an Annuity ticket, then I knew I didn't win. So sometimes I would buy 1 Annuity ticket and the rest Cash just to keep the excitement going.

Reply #50

CASH Only — Fri, 17 Jan 2003 22:59:47 GMT

smd: That is precisely what people who want annuity SHOULD do: choose _lump_sum_ anyway, but then SHOP AROUND for the annuit(y/ies), while also considering other kinds of investment vehicles. Of course, where players must make the choice when they PLAY (like here in NY) they are pressured into choosing annuity now , then realize after they win that they blew it.

Reply #49

smd173 — Fri, 17 Jan 2003 22:46:10 GMT

AnnuityIsGreat,Wouldn't you recommend taking a lump sum and then using that money to invest in Annuities? That way you could control your own money as opposed to being locked into the Lottery's annuity?After all, I see commercials all the time about companies that will pay you cash for the rest of a lottery annuity. Seems to me that those commercials are geared towards people who did not put their money away safely even though they had an annuity.Now you asked for a real example. So let's go wit... [ More ]

Reply #48

visiondude — Fri, 17 Jan 2003 21:27:23 GMT

ok this has reached emergency lottery post crisis management status . forget oprah, we have to bypass her and go straight to dr. Phil now. there is a person on the loose at lottery post posing as a business professional and he is calling people BOY . that is not good. blue light special, we must deal with this before it goes all the way to larry king.i am only armed with a high school education and an e-machines computer, but i can spell BOY (yeah for me!!!). that isn't very nice calling... [ More ]

Reply #47

Sandy K — Fri, 17 Jan 2003 21:22:35 GMT

An example on double taxing...............................I win big in the mega millions. Next I go to a Tax attorney to set up a trust fund............(although I hate attorneys) but believe me, I would shop around.I already have paid my taxes on the lump sum the rest goes into trust......it is a generous trust. It leaves me much spending money per year. I don't need that much money; I am very comfortable now. I invest the money in some stocks or municipal bonds, something..................... [ More ]

Reply #46

CASH Only — Fri, 17 Jan 2003 20:36:59 GMT

Andy: If I take the lump sum, once I have my taxes paid, my worries are OVER.

Reply #45

AnnuityIsGreat — Fri, 17 Jan 2003 20:35:41 GMT

CashBoy, so your worries in life is about someone hijacking annuity checks

Reply #44

CASH Only — Fri, 17 Jan 2003 20:19:56 GMT

If I win the lottery, and it's LUMP SUM, I'll never have to work again (and worry about someone hijacking the remaining annuity checks).

Reply #43

AnnuityIsGreat — Fri, 17 Jan 2003 20:17:46 GMT

What does buying airtime got to do with stating my views....Here's what you need to do CashBoy:1) get your high school GED2) attend college3) get a degree4) quit working at CarCash and get a real job... perhaps an annuity broker5) scratch off annuity payments when playing lottoif you do the above, i'm sure you'll be a lot happier...

Reply #42

CASH Only — Fri, 17 Jan 2003 20:14:51 GMT

Andy: Why don't you buy airtime on radio or TV if you feel this way

Reply #41

AnnuityIsGreat — Fri, 17 Jan 2003 20:13:01 GMT

Vision,I said BOY... what you can't read? is it because you're still on your medications

Reply #40

Todd — Fri, 17 Jan 2003 20:12:36 GMT

Quote: O

Reply #39

CASH Only — Fri, 17 Jan 2003 20:07:52 GMT

Friends don't let friends choose annuity.

Reply #38

visiondude — Fri, 17 Jan 2003 20:07:11 GMT

cash, the dude called you a boy . what are you going to do about that. now the fight is on and i have your back. in order to give him some payback for all of that dissing that he did on you, we will have to win the big one now and take the lump sum and say neener neener neener, we took the lump sum.annuities r' us............that was funny.vision - did you say boy or did you say roy - dude

Reply #37

AnnuityIsGreat — Fri, 17 Jan 2003 20:06:40 GMT

Again, great comeback Cash... copying Visiondude's comment. Be original

Reply #36

CASH Only — Fri, 17 Jan 2003 19:59:26 GMT

LUMP SUM. Speaking of lump, when did you get it on your head

Reply #35

AnnuityIsGreat — Fri, 17 Jan 2003 19:56:22 GMT

and if the cap never gets lifted.let's don't assume and say that it won't...what is it? LumpSum or Annuity

Reply #34

visiondude — Fri, 17 Jan 2003 19:56:07 GMT

hint #1; venture captitalist. (annuityisgreat) response #1; i venture that you will never get your hands on my lump. (visiondude).......................................................... BTW, where are the safe places you can put your cash away and not pay tax on it just out of curiosity. Are you talking under your mattress? (annuityis great)while kingsize mattresses are good enough to hold spending money , i will refer you to my above post. mo' money equals bigger hole (lol). ....... [ More ]

Reply #33

CASH Only — Fri, 17 Jan 2003 19:55:12 GMT

Andy: Of course I'd take the lump sum. Because the cap might be lifted 10 or 15 years down the road. And I'd still have control over my investing.

Reply #32

AnnuityIsGreat — Fri, 17 Jan 2003 19:52:15 GMT

Cash, nor is this forum CASH ONLY ...you never answered my question man....would you still take the cash lump sum if you won $10M lottery today and know for a fact that the govt will put a cap on lottery winnings to 20% starting 2004

Reply #31

CASH Only — Fri, 17 Jan 2003 19:50:15 GMT

Andy: This is LOTTERY Post, not ANNUITIES R US .

Reply #30

AnnuityIsGreat — Fri, 17 Jan 2003 19:48:31 GMT

Cash Boy,The point of the lottery forum is to share views and perhaps get an insight on what you don't see in front of you.That's where your problem lies. It's not about winning people over.BTW, you can have people like Sandy K since she thinks govt triple taxes us.

Reply #29

CASH Only — Fri, 17 Jan 2003 19:42:08 GMT

Andy: I don't think you'll win over any of us.

Reply #28

AnnuityIsGreat — Fri, 17 Jan 2003 19:39:10 GMT

Sandy,Can you give specifics where the govt have double or triple taxed us esp. when talking about lottery winnings?Annuity broker? Hmmm, NOT!Like I stated, I'm a tax attorney and a venture capitalist.BTW, where are the safe places you can put your cash away and not pay tax on it just out of curiosity. Are you talking under your mattress

Reply #27

visiondude — Fri, 17 Jan 2003 19:35:30 GMT

i am starting to smell somet

Reply #26

Sandy K — Fri, 17 Jan 2003 16:38:29 GMT

You know I was talking about the politicians and not the people there.And what is point B in your post mean? You talk about me going off on a tangent.........geesh.I will betcha you are an annuity broker.......I would almost bet on it. I was trying to tell everyone that they should take the cash and after their initial tax..............................taking the cash you wouldn't have to pay tax on it again if you just put it away in a safe place. I don't think that is a tangent. The politici... [ More ]

Reply #25

AnnuityIsGreat — Fri, 17 Jan 2003 15:08:37 GMT

Overall, yes, you should choose Annuity except on few circumstances. The message is to the general public.Would you still choose Cash only if you know that the govt is lowering the tax rates over the next few years

Reply #24

CASH Only — Fri, 17 Jan 2003 15:00:13 GMT

Andy: Except your message at bottom of your posts always says CHOOSE ANNUITY , as if we should NOT take lump sum.

Reply #23

AnnuityIsGreat — Fri, 17 Jan 2003 14:55:44 GMT

Todd,Yes, I give advices on certain situations. I never said... Always choose Annuity. I simply said... when one wins the lottery over a certain threshold, choosing the annuity option makes total sense especially when they do not have experience in the financial fields or backgrounds in tax. They can hire professionals to manage their money but then again, you're not taking full control and those professionals want one thing from you - MONEY! Now, there are certain circumstances involved. P... [ More ]

Reply #22

AnnuityIsGreat — Fri, 17 Jan 2003 14:41:24 GMT

Sandy,You're way going off on a tangent. I never brought up family values or any political agendas here.First, govt taxes everyone on everything for various reasons. There is no double taxation on lottery winnings. Whether you take cash or annuity, it's taxed once. For stock gains, there's a cap on any gains whether long or short term and again, it's only taxed once. Correct me if I'm misinterpreting here.....so you're saying:A) all people in Washington are stupid. Are you talking about the... [ More ]

Reply #21

Sandy K — Fri, 17 Jan 2003 14:02:06 GMT

Just give me a reason why anyone would take an annuity? I think personally it is clear stupidity. I would not blow it in one place.......trust me. Those are the idiots. I am adult and I don't need anyone to supervise or allot me any money. I was just telling my husband over dinner last night that if we should ever happen to win big that we just keep it all in cash. If you invest it, you will probably make some money and end up having to pay the government another tax on your dividends. Maybe... [ More ]

Reply #20

CASH Only — Fri, 17 Jan 2003 13:52:15 GMT

Andy: I buy most of my tickets in Connecticut. They don't BS lottery players like the N.Y. Lottery does.

Reply #19

Todd — Fri, 17 Jan 2003 13:51:31 GMT

Come on, there's room for people who like Cash and Annuity. Choosing one or the other doesn't make one stupid, we all make choices and have to live with them.Annuity... I'd be interested to hear your analysis about situations where you feel it would be better to choose annuity. If you regularly give others advice about tax matters, then certainly you recognize that there may be some situations where it would be better for a player to choose the lump sum. Can you give us a breakdown of when yo... [ More ]

Reply #18

AnnuityIsGreat — Fri, 17 Jan 2003 13:49:49 GMT

Hmmm, again, your comebacks do really stuns me each time. Hey, I think I heard of you... Don't you work for 1-800-CAR-CASHI must admit you guys have the best gingle in town.1-800 CAR CASH, i'm in love with my car cash guys.......

Reply #17

CASH Only — Fri, 17 Jan 2003 13:45:52 GMT

Don't have a college degree...bet you have a B.S., that is, B___ S___.

Reply #16

AnnuityIsGreat — Fri, 17 Jan 2003 13:43:34 GMT

What a great adivce Cash Boy... don't invest all your winnings in one place . YOu must have a MBA from Harvard or is it UPenn

Reply #15

CASH Only — Fri, 17 Jan 2003 13:41:26 GMT

And don't invest all your winnings in one place either.

Reply #14

AnnuityIsGreat — Fri, 17 Jan 2003 13:36:54 GMT

OOOHHHHHHHHH,What a great comeback Cash Boy

Reply #13

CASH Only — Fri, 17 Jan 2003 13:35:17 GMT

OK, then, how many times were YOU dropped as a baby

Reply #12

AnnuityIsGreat — Fri, 17 Jan 2003 13:33:35 GMT

Cash Boy,Forcing an opinion? What the hell are you doing with all your posts? I'm just stating my opinion. This is the USA. BTW, you never answered my ?How many times were you dropped as a baby

Reply #11

CASH Only — Fri, 17 Jan 2003 13:29:15 GMT

I also live in NY. They're great to you because they're ANNUITY-ONLY! Don't bother forcing your opinions on us

Reply #10

AnnuityIsGreat — Fri, 17 Jan 2003 13:27:08 GMT

Again Cash Boy,You are just simply assuming.... Don't jump the gun! Why do you react like this? Were you dropped too many times when you were a baby.Never heard of those Massachusettes games. I'm a New Yorker. BTW, NY has great new instant games that are real hot . Shout out to all New Yokers out there

Reply #9

CASH Only — Fri, 17 Jan 2003 13:22:31 GMT

I don't think so. You probably are glad Massachusetts still requires all 6/42 and 6/49 winners to receive annuity payments. If it were up to you, all Powerball/Mega Millions etc winners would have to receive annuity payments.

Reply #8

AnnuityIsGreat — Fri, 17 Jan 2003 13:18:57 GMT

Cash Only,I won't degrade myself by retaliating and calling you a name. I guess you're juding me since you called me a fool. In time, you'll find out why you're the real idiot.

Reply #7

CASH Only — Fri, 17 Jan 2003 13:13:45 GMT

Only a fool would call himself AnnuityIsGreat .

Reply #6

Todd — Thu, 16 Jan 2003 21:31:45 GMT

Quote: Originally posted by JAP69 on January 16, 2003 ...I need a laughing emoticon with tears running down its face...I'm working on it.

Reply #5

JAP69 — Thu, 16 Jan 2003 21:09:06 GMT

cashWhen lottery winners take annuity and when they or their heirs want the cash these places that purchase annuities will buy at a significant discount from face value. I would rather take the cash and do what I d----- well want with it.John

Reply #4

CASH Only — Thu, 16 Jan 2003 20:58:07 GMT

John: Only a fool would take annuity

Reply #3

JAP69 — Thu, 16 Jan 2003 20:56:51 GMT

CashWe'll have to wait and see on this one. I'll personally take cash.John

Reply #2

CASH Only — Thu, 16 Jan 2003 20:50:25 GMT

John: He/she might be a shill for one of those companies which sell annuities (perhaps to a lottery when somebody wins, but won't collect in lump sum).

Reply #1

JAP69 — Thu, 16 Jan 2003 20:39:03 GMT

CashYou may have some competition on this annuity discussion here.I need a laughing emoticon with tears running down its face. LOLJohn

Warning! Warning!! Warning!!

CASH Only — Thu, 16 Jan 2003 20:21:08 GMT

The newest Lottery Post member calls himself/herself TakeAnnuity . NEVER put yourself in a position where a lottery would pay you through an annuity