WINFALL winner takes annuity.

Reply #3

CASH Only — Tue, 23 Mar 2004 15:28:39 GMT

Shame on her!How old was she?The only other thing I can think of is that AFAIK the top tax bracket is 311k+.

Reply #2

Lotto Czar — Tue, 23 Mar 2004 11:48:43 GMT

Cant resist saying that Jack Whittaker wasn't one of them! Ha Ha.

Reply #1

Todd — Tue, 23 Mar 2004 02:36:38 GMT

I would say it's a highly personal decision, and who knows what her personal financial situation is like. Maybe she's the type who would blow the whole thing at once. I've seen many stories about people who many years later are very thankful that they didn't take the cash all at once.

WINFALL winner takes annuity.

Bradly_60 — Tue, 23 Mar 2004 02:25:15 GMT

Why would you take annuity when the jackpot amount was only $5 million (I use the term only loosely)? I could see maybe a $100 million jackpot winner taking annuity but only $5 million. What do you guys think?The winner selected annuity payments for her jackpot winnings. She collected her first installment check of $182,470 (before taxes) during her recent visit to Michigan Lottery headquarters, to be followed by 29 annual installments of $180,200 per year (before taxes).Why wouldn't you ju... [ More ]