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19-year-old Massachusetts man hits lifetime lottery jackpot
Congrats to him and he was wise to take the annuity.
Jan 3, 2017, 11:47 pm - zephbe - Lottery News
Does the increase in the return on bonds increase the payout on annuity's
First, as long as PB has a minimum jackpot the lump sum is never going to be extremely tiny except in the very unlikely event of being split several ways. Even if sales drop to a small fraction of what they are now the cash value of the minimum jackpot will still be the amount necessary to fund the annuity. If the cash value was only 40% of the annuity value the lump sum would still be $16 million, and the after tax net would be $8 million or more. Today a really safe investment may only produce
Dec 23, 2016, 2:39 pm - KY Floyd - Lottery Discussion Forum
Does the increase in the return on bonds increase the payout on annuity's
The annuity value is always based on investing the cash sum, so it always reflects the interest rates that are earned by investing the cash.
If you've been paying attention lately you should see that the cash value is a significantly smaller percentage of the annuity now than it was a few months back. The most recent PB jackpot had a cash payout of $254.6 million, which is just 60.5% of the $420.9 million annuity value, whereas the $165.6 million cash value of the previous PB jackpot ( 9/17/1
Dec 19, 2016, 4:00 pm - KY Floyd - Lottery Discussion Forum
TAX on annuity prizes
Do they still collect the maximum tax bracket even if the annual check is smaller than $400,000?
Dec 6, 2016, 11:49 pm - gogidolim - Lottery Discussion Forum
Powerball increases above the minimum on the first roll
54.6 million by draw time and cash value is still over 69% of annuity.
Aug 7, 2016, 12:32 am - adamc224 - Jackpot Games Forum
The big jackpots have been won- What now?
Actually the annuity amount would increase by $15M from tonight's drawing.
Aug 6, 2016, 9:03 pm - Albeone - Lottery Discussion Forum
$422 MILLION: Powerball climbs again on rollover
And the third largest (Annuity wise) was split by 2 winners and the 4th largest (Annuity wise) was won by a single winner.
Jul 26, 2016, 6:25 pm - Kingofearth - Lottery News
Annuity vs Cash Value
Annuity or cash value, I say take them both!
Jul 25, 2016, 11:39 am - Sunglasses - Lottery Discussion Forum
Annuity vs Cash Value
I don't care what the person's age or circumstance is, opting for a 30 year backweighted annuity considering America's taxation history and a global financial system which becomes more interconnected and more turbulent by the week, is insanity.
Anyone winning the CV tonight will end up with a minimum of $100 million. If someone actually thinks that they'd rather have the annuity so in case they make a bad investment they don't lose the $100 million all at once, isn't someone with the financi
Jul 16, 2016, 4:17 pm - Teddi - Lottery Discussion Forum
$333 MILLION: Powerball offers up summertime riches
States beginning to tax lottery winnings is another reason not to take the annuity.
Jul 14, 2016, 10:25 pm - music* - Lottery News
