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OH NO!!Reply
Quote: Originally posted by smd173 on May 10, 2003 ...Why not do an analysis based on that, rather than coming up with lame reason for why they should take annuity over lump sum?Agreed ... for those who prefer annuity, this is actually one of those situations that could go either way. Given their ages, I'm sure there are a lot of people who would take the annuity. I know Cash Only will disagree (and I'd take the lump-sum myself), but I'd have nothing bad to say about anyone who took the annuit
May 10, 2003, 8:09 am - Todd - Lottery Discussion Forum

Cash vs. annuity: Give it a breakReply
Todd:I would welcome an _intelligent_ debate over the cash vs annuity issue.If someone believes annuity is better because you can't spend it all in one place , it implies that a lottery winner cannot handle a lump sum of millions of dollars. I consider that a LAME argument in favor of annuity, since many would get financial/legal/tax advice before getting the money.Someone who sells annuities or works for such a company might be pushing annuities even if the player/winner obviously would be b
May 1, 2003, 10:58 am - CASH Only - Lottery Discussion Forum

Cash vs. annuity: Give it a breakReply
Todd:Many of my posts have NOTHING to do with cash vs annuity; I would prefer showing everybody on this board my knowledge of lottery games around the US.It doesn't help that AIG keeps suggesting choose annuity - it's not his decision, or mine either. I of course feel that the player should take the cash AND THEN buy an annuity if they really want one.It would also help if _all_ US lotteries abided by the 60-day rule in which the cash/annuity choice is made AFTER you win.
May 1, 2003, 9:46 am - CASH Only - Lottery Discussion Forum

Another CASH vs ANNUITY poll
Some lottery winners STILL are forced to receive annuity payments if they win (ie, Mass. 6/42 and 6/49; various scratch games in NY and Mass., and probably in some other states.)Do you believe all games with annuity prizes (other than lifetime prizes) should allow the winner to collect in LUMP SUM within 60 days of the ticket's validation?
Apr 17, 2003, 9:45 am - CASH Only - Lottery Discussion Forum

Take the Lump sum...not Annuity!Reply
Clarence:When someone is paid through an annuity, the company that sold the annuity to the lottery is making money off the player's winnings-the player gets NOTHING from the annuity other than what was guaranteed . Remember that some games still DO NOT allow cash in lieu of the annuity.As for your son, what if he'd rather collect in lump sum? Besides, he'll be of legal age to buy lottery tickets on his 18th birthday (assuming he lives in FL)-shouldn't he be allowed to collect on his 18th birthd
Apr 4, 2003, 12:13 pm - CASH Only - Lottery Discussion Forum

Annuity SpeaksReply
Annuity,Ok fair enough. Although I have a feeling he would have gotten death threats even if he choose annuity. Simply because most people would view him as having $317 Mil!One more question though, how come you advocate taking the annuity FROM THE LOTTERY? Why not take the lump sum and then buy your own annuity. Wouldn't that be better? Then you would control your money.
Jan 18, 2003, 8:24 am - smd173 - Lottery Discussion Forum

Annuity SpeaksReply
Annuity,You never answered my questions. Why do you recommend taking an annuity from the lottery? Why not take the lump sum and then buy an annuity? Then you are in control of the money.If your reasoning behind taking the annuity is because people don't know how to invest their money wisely, then how come there are commercials on TV from companies willing to pay cash to winners of lottery annuities?
Jan 18, 2003, 7:21 am - smd173 - Lottery Discussion Forum

Annuity Option a waste?
All the lotteries use annuities to show how big their jackpots are but why? Very few people ever take the annuity anymore. Do you think the lotteries will ever get rid of the annuity option. Doubt it but what do you think?
Dec 20, 2002, 8:31 pm - Bradly_60 - Lottery Discussion Forum

Hello everyoneReply
Hey what is the current interest rate that you can get on HH savings bonds these days if one was to win the big game. I know alot about money and I know that it would not be all glory as you all say if one was to choose the lump sum. I know that there are know guarantee in investments and you stand a good of a chance if not a greater chance of loosing your money doing all of these nice little pre-investment runs that you all are talking about unless your investments are very conservative which w
Mar 30, 2002, 11:42 am - therock - Lottery Discussion Forum

Why are lump sum jackpot payouts shrinking?Reply
I would think with interest rates going up the annuity factor would be larger, not smaller. The annuity factor is larger. Despite what the lotteries advertise, the real jackpot is the cash jackpot and in the unlikely event that a winner decides to take the annuity the cash jackpot will be invested to buy the annuity. The higher interest rates mean the annuity that can be bought with a given amount of cash is bigger. If you were paying attention on Thursday or Friday you might have seen
Oct 23, 2022, 3:00 am - KY Floyd - Lottery Discussion Forum