Search

King Kong Millions ResultsReply
There will be a conspiracy if the top prize winner is for 26 annual payments, since the draw was computerized, and NY requires the cash/annuity choice when you PLAY.
Dec 7, 2005, 1:17 pm - CASH Only - Lottery Discussion Forum

Newspaper takes a hard look at the N.J. LotteryReply
To Chuck 32 from Demonter Re: AnnuityWhat's the half-life of the annuity value factoring in inflation? We sometimes forget that we would be getting paid in cheaper dollars every year...the half life of the purchasing power being 14-15 years into the cash flow stream. What would a buck be worth in the last few years of a 30 year annuity? Annuities are better during the first decade than during the last. The inflation risk is the biggest risk in accepting a long term payout...who knows what the va
Dec 6, 2005, 10:25 pm - demonter - Lottery News

Newspaper takes a hard look at the N.J. LotteryReply
In response to sirbrad on 12/06/05:The whole win doesn't become a TAX! Just about 36%..the lucky winner gets to keep most of the money. Take the cash option of course, the annuity is a ripoff. Factor in inflation (the time value of money) and the often overlooked fact that if you die anytime after you start getting your annuity, the IRS levies an immediate inheritance TAX of 25% due at once...your heirs are screwed. Get a big life insurance policy for your heirs to cover the tax. It happened to
Dec 6, 2005, 5:55 pm - demonter - Lottery News

WARNING: NY King Kong scratchReply
If Powerball was still annuity only I would probably still play. I just prefer to have my winnings in Cash.
Dec 4, 2005, 1:14 pm - bellyache - Instant ("Scratch-Off") Games Forum

WARNING: NY King Kong scratchReply
You should be criticizing the fact it's annuity-only. What would you do if Powerball still didn't have a cash option?
Dec 4, 2005, 1:09 pm - CASH Only - Instant ("Scratch-Off") Games Forum

Biggest lottery flop of 2005Reply
i thought cash only might answer that the biggest lottery flop of 2005 would be any prize that was annuity......
Dec 3, 2005, 10:58 pm - LOTTOMIKE - Lottery Discussion Forum

$500 Million Jackpot!Reply
Age is also a factor. I doubt anyone over 40 or 50 is going to want an annuity, and get their largest checks at age 70-80. They would not be able to enjoy the money at that age like they would have when they were much younger. Smaller annuities encourage thrifty spending, and always waiting for the next check. When you could actually get far more in interest with the cash option for larger jackpots than even the annuity pays you a year. I would definitely take cash for any large jackpot win.
Dec 3, 2005, 4:16 pm - sirbrad - Lottery Discussion Forum

Million-dollar ticket fight goes before Mass. Lottery boardReply
He can sell the annuity for cash. Won't get top dollar butstill most of it.
Nov 30, 2005, 4:18 pm - hsvscubaski - Lottery News

Uncle Sam Wins Your LotteryReply
Selling your annuity for a reduced sum (reduced from what you would have got if you'd taken a lump sum to start with, otherwise how could these companies make money) to one of these sleazy hack operations strikes me a fiscal irresponsibilty compounded by knuckleheaded tax and legal advice (if she got any advice at all). This is one case when I side with the government. Whatever you choose live with it, pay your taxes, live within your means, save your money, and be thankful you have your days fr
Nov 29, 2005, 1:30 pm - tg636 - Lottery News

Woman killed moments after winning lottery prizeReply
Since it happened in Massachusetts (the same could be said for NY), there would have been a sick twist if the prize was annuity-only.
Nov 28, 2005, 1:19 pm - CASH Only - Lottery News