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Can one spouse take lump while the other takes an annuity?
Those bottom feeders buy your annuity and give you a lump sum (at rip-off rates). Go the other direction.... hand a pile of money to an insurance company and then they pay you an annuity. You can choose a fixed term or a life annuity. You'll get better rates (higher monthly payments) than from the state because the state uses the most conservative investments possible.
Feb 2, 2019, 5:12 am - Tucker Black - Lottery Discussion Forum
Can one spouse take lump while the other takes an annuity?
Take the lump sum and buy an annuity with half of it.
Jan 31, 2019, 11:09 am - Tucker Black - Lottery Discussion Forum
Can one spouse take lump while the other takes an annuity?
Just discussing with my wife about the improbable likelihood of hitting a big mega millions jackpot. Whether we would take lump or annuity. I think it would be best to take my half in lump allowing her to to take her half in annuity payments. I'm pretty sure I saw a couple on a lotto show say they done this but I can't remember exactly. Does anybody know if that is allowed generally?
Jan 30, 2019, 5:26 pm - Unlucky fool - Lottery Discussion Forum
Powerball joins lottery frenzy with $620 million jackpot
PB is rolling to $750M annuity, $428.6 cash for Saturday October 27th.
Oct 25, 2018, 12:28 am - MsBee18 - Lottery News
Powerball joins lottery frenzy with $620 million jackpot
To give you some idea of the difference between the annuity and what the cash option would be worth over the same period of time, if you had won a million dollars CV in 1989 (29 years ago) and took the annuity (for the sake of comparison, we'll use the same ratio as they're using today, .565, so $1,000,000/.565=$1,770,000 Annuity Value, if evenly distributed you'd receive a nice check in the mail every year for about $61,000 minus taxes... If you'd taken the CV, you'd get a check for $1,000,000
Oct 21, 2018, 11:03 am - lowellm - Lottery News
Powerball joins lottery frenzy with $620 million jackpot
The true jackpot is the actual cash that is in the pot (the cash value, or CV), and the Jackpot figure that they advertise is the annuity , the CV plus the interest that cash would earn over the 29 year annuity. If you choose the annuity (not the cash option) they would invest the CV for you in low interest, but very safe, government bonds, and they would send you a check every year.
Oct 21, 2018, 10:42 am - lowellm - Lottery News
$970 MILLION: Mega Millions ticket-buying frenzy forces new jackpot estimate
*looks at annuity payment amount* That is beginning to look awesome!!!!
Oct 18, 2018, 1:55 pm - Horsegeek40 - Lottery News
$900 MILLION: Mega Millions lottery jackpot raised just hours after initial estimate
Back in the day, almost every jackpot was paid as an annuity and the confusion started when players were offered the cash value. The estimated jackpot is the full value of a 30 year annuity that can be purchased with the current estimated cash value. Currently $513.4 million will get us a $900 million 30 year annuity.
The Ohio Classic Lotto game's jackpot is as simple as it gets; their 30 year annuity is twice as much as the cash value.
Oct 18, 2018, 12:35 am - Stack47 - Lottery News
New York man wins $10 million after buying lottery ticket every day for decades
at 66 I would take the CASH no Annuity and live it up
Sep 26, 2018, 1:41 am - ronki - Lottery News
Mega Millions
$340 million annuity and $204 million cash option.-weshar75
Jul 11, 2018, 12:57 am - weshar75 - Jackpot Games Forum
