Search

What're The Chances They'll Pay?Reply
If you do win off two tics could you take half lump sum and half annuity?
Feb 1, 2013, 5:49 pm - luckyfangirl - Lottery Discussion Forum

First to 100 millionReply
In terms of cash jackpots - PB is an estimated $70.2 million (for the guaranteed $110 million annuity); MM is an estimated $59 million.
Jan 20, 2013, 1:24 pm - ryanm - Lottery Discussion Forum

Kansas couple claims $9.43M Hot Lotto jackpotReply
It's also a lot more realistic than these inflated annuity jackpots. If only PB and MM modified their payout the same way
Jan 18, 2013, 4:02 pm - Jill34786 - Lottery News

First to 100 millionReply
Only two more rolls until Powerball is at $100 million annuity. Four or five more rolls until Mega Millions is.
Jan 10, 2013, 7:47 am - ryanm - Lottery Discussion Forum

$425 MILLION: Largest Powerball lottery jackpot in historyReply
A one million $ annuity would create a $50k per year income @5%, and anyone can live on that.....
Nov 27, 2012, 9:46 am - Ronnie316 - Lottery News

Taxes??Reply
If you collect on an annuity then you will pay income taxes each year, on the annuity amount you receive, and on any interest earned from money you deposited in an interest bearing account. If you take a lump sum payment, you pay taxes on the lump sum one time. If you took the remaining money and stuffed it in your mattress, you would not pay any more taxes on that money. If you took the remaining money and put it in the bank or earned interest on it, then you would pay taxes on the interest
Oct 31, 2012, 9:18 am - rcbbuckeye - Lottery Discussion Forum

N.J. Assembly panel clears one-year anonymity for lottery winnersReply
For a large gift, I would put it in a annuity so a check goes out each month.
Sep 26, 2012, 8:27 pm - Ronnie316 - Lottery News

Florida woman hits for $10M on lottery scratch-offReply
I would have taken the cash too on a scratch-it annuity. That is a nice chunk of change!-weshar75
Sep 17, 2012, 7:32 pm - weshar75 - Lottery News

California man collects $120M Mega Millions lottery jackpotReply
With the cash option being 76.75% of the annuity amount, this is a no brainer. With his net payout of roughly $60 million (if he doesn't mitigate the additional 10% Federal tax obligation) he shouldn't have an issue netting 2% annually (1.2 million) and being well ahead of the annuity prize. There are many munibonds that offer 4-5% returns that woud increase his nest egg substantially without ever touching the principal.
Sep 17, 2012, 5:36 pm - Jill34786 - Lottery News

DO you really lose money if u take the annunity over the lump sum?Reply
Oh, and people should consult with a tax and financial advisor before buying (or having someone buy for them) ANY investment vehicle, pre-tax, after tax, annuity or otherwise.
Aug 21, 2012, 10:46 am - Ronnie316 - Lottery Discussion Forum