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Cash Vs Annuity PaymentsReply
Cash all the way. The annuity, especially right now, is a horrible investment. Interest rates on low risk government backed securities which is what they buy to fund the annuity are about as low as they can possibly go. Federal taxes in the United States are also at historic lows and will need to come up eventually. Using the compound interest formula Powerball only earns 1.67% annually on their annuity investments, Mega Millions only earns 1.31%. I live in one of the highest income tax state
Feb 23, 2012, 1:18 pm - Babel - Lottery Discussion Forum

The Thrifty Way To Winning A Lottery Jackpot With A Lottery Stop Loss Limit And 3 Playing MethodsReply
4 more rolls of $10 millions for powerball to reach $100 millions annuity. Powerball can be a better jackpot game if starts at $100 millions.The heavy playing starts at $100 millions annuity, that's when I start playing with a $2 quick pick ticket.
Feb 19, 2012, 12:37 pm - THRIFTY - Lottery Discussion Forum

would form a trust to claim a 2million pb prize?Reply
The trust fund is sort of like an annuity right? I think, I'll get the annuity payment. However, greed might kick in so I'll take the money and run haha. =P
Feb 15, 2012, 12:46 pm - New York - Lottery Discussion Forum

A couple of new questions (I think)...cash gifts, pools winning optionReply
Here's a quote from the Powerball website in the FAQ section, CAN INDIVIDUALS IN A GROUP CHOOSE CASH AND ANNUITY ?...RESPONSE: An individual lottery may have individual rules on how they pay the winner ( how many checks; how many winners to process, etc.) but we can handle any request to divide the prize payment. We can divide the prize however the individuals in a group wish, including different requests for cash or annuity.
Feb 13, 2012, 1:05 pm - CDanaT - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
No one over the age of 30 should take the annuity. If you are bad with money, set up a trust with a trusted manager(s). Even for under 30's, I'd not choose annutity. At my age, annuity is not an option. I'm within 20 years of retiring and it would sure be nice to retire or semi-retire early and have more years to spend with my future grandchildren in complete financial security.
Feb 11, 2012, 11:53 am - Piaceri - Lottery Discussion Forum

Cash Vs Annuity Payments
I personally (before cunsulting a tax attorney or cpa aka accountant) would take the payments. i know i am pretty bad with money so to have it regulated i would feel more secure.
Feb 10, 2012, 11:49 pm - CreAmTheLoTTo - Lottery Discussion Forum

Lotto tickets bought with bags of coins lead to bust in massive Metro theftReply
The last thing that I would count on would be a long term annuity. The Dollar is way to close to collapse. Lump sum purchase a small annuity if you really think that you need it. You need to carefully diversify theses days!
Jan 20, 2012, 7:51 pm - dpoly1 - Lottery News

help with annuity rates of return vs. CD returnsReply
Good point. CD rates can change. This brings up another point: If the interest rates do rise, then it would be probable that the lottery annuities rates of return would also rise comparably. - According to the PA lottery website.. The annuities are provided by companies who win the annuity contract. There are several companies trying to get the annuity contracts, so they naturally will offer the most attractive rates... that means their rates will correlate closely with the Fed interest
Dec 25, 2011, 9:27 pm - thelottery - Jackpot Games Forum

I have a question about when a group of co-worker hit a jacpot gameReply
I am under the impression that each individual in the group has a choice to choose the annuity or cash option. In 2006 a group won a $208,000,000 jackpot and if you look at the Powerball website it states that it was mixed between annuity and cash option. The is also another group win in 2006 that says mixed. I do not know if the rules have changed since this time.
Jul 26, 2011, 9:06 pm - TruthSerum - Lottery Discussion Forum

Question about the "Cash" or "Annuity" OptionReply
The down side with taking the annuity option is you're locked in for 25 or more years. If things change in the next 10, you'll be calling J. G. Wentworth. Don't know the percentage they'll keep, but the total will be probably much lower than the original cash option minus whatever annuity payments were received. with Stack47
Jul 10, 2011, 9:37 am - dallascowboyfan - Jackpot Games Forum