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Maryland Lottery to end Lotto game
AFAIK Maryland Lotto is still annuity-with-a-cash-option.
Nov 23, 2005, 11:58 am - CASH Only - Lottery News
Planning On Winning A Jackpot?
Same situation as every other annuity; the value has no bearing.
Nov 22, 2005, 9:22 am - Chewie - Lottery Discussion Forum
California MM has multiple winners
brad:Yes, it'll be sickening if they choose annuity
Nov 17, 2005, 9:56 am - CASH Only - Lottery Discussion Forum
Record Jackpots of the World (part II)
That's providing the new winner(s) don't choose annuity!
Nov 16, 2005, 3:53 pm - CASH Only - Jackpot Games Forum
lottery taxes
I have been following this very interesting topic for the last few days and have decided to post my comments, actually my first post. Under federal tax law, as it existed up until October 1998, lotteries had to be extremely careful about offering winners any choice in how the prize was paid. Tax law had developed the constructive receipt rule: You have to pay income tax this year on money that has been put aside for you, money that you can collect whenever you want, even if you put off bein
Nov 14, 2005, 1:01 pm - Preppy - Lottery Discussion Forum
New Zealand lottery shop shortchanges winner
Guess he thought he won an annuity.
Nov 11, 2005, 10:52 am - Chewie - Lottery News
what would you do?
only if its in an annuity!!
Nov 11, 2005, 9:22 am - LOTTOMIKE - Lottery Discussion Forum
Annuity/record jackpot
Quote: Choose cash. You can use it to buy a bigger annuity. After paying Taxes on the Lump Sum Distribution you will not have enough Money left to Purchase an Annuity that is Greater than or Equal to The Annuity from The Lottery Commission.
Nov 11, 2005, 9:08 am - Raven62 - Lottery Discussion Forum
Annuity/record jackpot
Awe, annuity or cash, which should I choose? I for one will take the cash every time! The annuity is more suited for others who don't have the skills to manage financial matters (of any size). As I see it, it all comes down to who wishes to pay more in taxes to Uncle Sam and their state (if the ladder applies) over the years of the annuity! Taking the cash option in the long run pays less taxes (depending on how it was invested) over the same years of the annuity! But everyone is different and t
Nov 10, 2005, 10:09 pm - BaristaExpress - Lottery Discussion Forum
Annuity/record jackpot
If one doesn't have very good control of money, annuity will not help, because the winner could screw it up by borrowing against the future annuity payments.
Nov 10, 2005, 4:37 pm - ryanm - Lottery Discussion Forum
