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Plans For Your WinningsReply
DelS- your topic is intrigueing for it requires Planning and then Action to follow thru. . If anyone here has read your earlier post from another thread they would admire your level of thinking in preparation for the Big win!I (shudder) to say this , but Chewie is correct. 1929 happened and it can be repeated. Be cautious of the stock market .Integrating ones dreams into a planning manner is part of the fun in playing lotteries!The first thing I plan to do is TAKE CASH and not annuity! :)
Oct 26, 2005, 8:34 pm - TheGameGrl - Lottery Discussion Forum

Oregon businessman has record Powerball lottery ticketReply
Taxes have decreased, thanks to Republicans, so anyone who chose Annuity in prior years if getting the benefit of their choice through lower taxes.Saying that taxes might increase is not a very convincing statement.I do remember when the tax withholding rate was higher.
Oct 25, 2005, 11:14 am - Todd - Lottery News

Said & done before but ...Reply
Lump sum, no matter the jackpot size for me. Think of this, you get married, you then get divored and your collecting annuity. Guess what. Your ex is rich with his/her new spouse. Suppose you get into a car accident, collecting annutiy, guess what, annunity is income and you cannot legally hide income. Meanwhile you can tie up cash however you chose it's yours. Food for thought. Cheers,
Oct 24, 2005, 9:23 pm - acronym007 - Lottery Discussion Forum

Mega Millions lottery jackpot rises to $128 millionReply
$128M annuity and $78M cash and no one in this group considers this a discussion item? This is a H-U-G-E amount of money. When does the interest start - $200M?
Oct 24, 2005, 10:32 am - Chewie - Lottery News

OH Lot O' Play a failure?Reply
ew:The only thing that bothers me about LoP is the fact that the cash value is only 50% of the annuity instead of a higher floating percentage. If I had to choose between it and NY Lotto, I would try LoP, which is slightly better.
Oct 24, 2005, 9:43 am - CASH Only - Jackpot Games Forum

Said & done before but ...Reply
Consult an estate attorney. It can be liquidated into its cash value like anything else in the estate (real estate, cars, businesses, etc.) that may have accumulated after you spent the lottery prize. And as with the above, there are strategies to mitigate the tax liabilities upon death, such as life insurance, trusts, etc., regardless of whether it's all in cash, in an annuity, or in a mixture of different assets.
Oct 24, 2005, 9:37 am - lchoro - Lottery Discussion Forum

Said & done before but ...Reply
in any situation I will take the lump sum. I have thought about it for a long time and for my personal situation, that makes the most sense.here's what to do, grab a piece of aper and a pen, draw a line down the middle and on one side list the advantages of annuity and on the other the advantages of lump sum. on another sheet divide it the same and write the disadvantages of each (for your personal situation).when done, the one with the most plus entries and the least minus entries is the way to
Oct 23, 2005, 10:21 am - hypersoniq - Lottery Discussion Forum

$40 Million Lotto 6/49 CanadaReply
Nice Pick 6 amount - would be close to $100M in American lottery money. American's only advertise the annuity amounty (see small print for real value).
Oct 23, 2005, 8:51 am - Chewie - Lottery Discussion Forum

$40 Million Lotto 6/49 CanadaReply
Nice Pick 6 amount - would be close to $100M in American lottery money. American's only advertise the annuity amounty (see small print for real value).
Oct 23, 2005, 8:51 am - Chewie - Lottery Discussion Forum

Canada 6/49 now 40 mil
That's tax free cash. No inflated annuity. Amazing jackpot for a 6/49 game. That's 33.68 US million.
Oct 22, 2005, 11:45 pm - dvdiva - Jackpot Games Forum