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Question about Cash or AnnuityReply
I will answer your question with one of my own., Why would you even want the annuity? As inflation continues each dollar is worth less and less. You should always take the lump sum and put that money to work !!
Mar 10, 2012, 3:51 am - Bigheadnick - Lottery Discussion Forum

Marine credits karma for $2.9 million slots jackpotReply
Not bad for $100.00 investment. At only 26 years old and getting a 100,000 dollar annuity for 20 years he can be set for life with proper planning. He also says that he is thrifty so he should be just fine. Cograts Marine! Semper Fi
Feb 28, 2012, 1:48 pm - s5thomps - Lottery News

Indiana man wins $5M on scratch-offReply
It has been a recent trend that Mega Millions has been rolling $11,000,000 for the Annuity Powerball has been rolling $10,000,000! Getting curiouser curiouser! :$
Feb 25, 2012, 5:35 pm - dpoly1 - Lottery News

Cash Vs Annuity PaymentsReply
Annuity Payments i feel would be the best because u will getall the Money that way not half/then they tax on that, so you wouldnt even get half, and you can set up it to go directly into any type of account so therefore if anything was to happen to that Lottery winner it won't matter the money will still be put into that account for the 30yrs or whatever the case maybe and drawing intrest at the same time....
Feb 24, 2012, 9:09 am - helpmewin - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
@BABEL You made very good arguments, again. Explained as clearly as any natively english speaking person can only do. I am not American, I have limits in verbal matters. All I know my professional background, earlier experiences, tax residency and business environment, do differ from USA and they all favour annuity due to taxation. I am pretty sure annuity for the best option for non-resident tourist from high tax european country that taxes outside Europe lottery wins up to 52%.
Feb 23, 2012, 6:35 pm - jones69 - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
@ BABEL: Your views on interest rates and taxes are spot on. We may all be heading for a lost decade as Japan. I am not saying cash option is a bad choice. Going either cash or annuity is not a perfect choice. Babel, sounds like you have good plan, stick into that.Transition to wealth is not only numbers, but a social change too. I see this as a BIG argument for annuity, you simply have not that much money to throw around that wish sudden cash intake. Change that phone number and
Feb 23, 2012, 4:12 pm - jones69 - Lottery Discussion Forum

Weak Powerball Sales?Reply
True, but that's the amount the cash value would have increased and the jackpot is based on an annuity of that amount. At least that's the way it use to be, the new matrix and price may now have different rules.
Feb 23, 2012, 1:01 pm - RJOh - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
have a look at tax rate changes thru out history in usa. there was a 95% tax rate on the rich around the great depression. the time value of money also means money now is always worth more than monet in the future. as you can spend it now, at todays prices. who knows what a dollar will buy in 10 years time, but at %6 we can guess half as much as it does now. then there is the big fear of bankrupt states, most of the lotto annuity is paid in municipal bonds, and they may well be worth nothi
Feb 23, 2012, 12:07 pm - savagegoose - Lottery Discussion Forum

Do you know anyone that has won a big amountReply
I had a entry level job back in the 90's which we had a client that had won the lottery. Their account with the firm had been frozen 6 months after they opened it as they didn't pay ANY bills and every creditor they had was suing them to get paid. They had an annuity coming in so every year it came in you would see 5 or 10 judgments get paid out and THEN the client could access the money. It was really sad.
Feb 17, 2012, 4:08 am - kapla - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
Well, if you consider yourself bad with money, why not start doing something about it? Start by making a budget and keeping track of your expenses by category. At the end of each month look at your monthly totals and see if you are happy with how you did. You'll most likely get much better with money quite fast that way. In a year, you'll probably conclude that taking a lump sum is better. With a large jackpot it should be no trick to give yourself a huge chunk (like maybe a million dollars f
Feb 11, 2012, 12:10 pm - Uff Da! - Lottery Discussion Forum