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Win a jackpot...continue to work??Reply
certified financial planners are fee based and will skim 5% off every dollar you place with them. Lawyers are the same. Estate planning lawyer is best place to start. He will draw up your living trust (fancy will - better too). Then he will reccomend you a good captive financial planner/life agent who will fund your living trust with life insurance (pays death taxes at a fraction off cost, really helps your children/heirs). Same life agent can also put that 5mill or whatver it is into an ann
Mar 6, 2005, 6:52 am - AIG planner - Lottery Discussion Forum

Win a jackpot...continue to work??Reply
If it's here in FL then $5 million after taxes would work for me to quitworking for a bit. If it's megamillions (GA) or powerball (SC) than it has to be $100 million pre tax to make the road trip with my buddy which we'd split. Of course in GA or SC I'm talking the annuity advertised amount which I'd probably pass on and take the cash. Seeing that I live In a state that doesn't pay income tax. I figure it might make more sense to pay state tax to either GA or SC in one lump and be done with thei
Mar 4, 2005, 1:15 pm - Deadsantaclaus - Lottery Discussion Forum

Someone hit mega - needs a fixReply
Quote: Originally posted by dvdiva on March 3, 2005 Not true. Powerball has broken 300 million twice. The big game once but never played that. I don't complain about jackpots if it matches the prize. Quinto's jackpot is now 4.8 million in cash equal to 1.86 times it's odds. For mega/powerball to match that odds ratio it would have to have a jackpot of 500 million. For a game where the odds are 135 million to one not even to hit it's odds as an annuity is a sign of a broken game. Something that t
Mar 3, 2005, 7:24 pm - DoctorEw220 - Jackpot Games Forum

Someone hit mega - needs a fixReply
Not true. Powerball has broken 300 million twice. The big game once but never played that. I don't complain about jackpots if it matches the prize. Quinto's jackpot is now 4.8 million in cash equal to 1.86 times it's odds. For mega/powerball to match that odds ratio it would have to have a jackpot of 500 million. For a game where the odds are 135 million to one not even to hit it's odds as an annuity is a sign of a broken game. Something that they should have fixed long ago.Looks like Megamillio
Mar 3, 2005, 1:58 am - dvdiva - Jackpot Games Forum

Quinto Cashpot.Reply
WA state. Yes its unending. Seems like this jackpot run will never be hit. Lotto has been in the dumps since the end of lotto plus. Biggest state lotto jackpot has been 8.5 million with the average jackpot around 1.6 million. The quinto jackpot is now 4.66 million cash. So bigger than lotto has been since lotto plus and the biggest pick 5 jackpot ever. Might even break 5 million.Once it breaks 5 million than it would be higher than Megamillions at the 10 million mark.Cash only would like this ga
Mar 1, 2005, 5:51 pm - dvdiva - Jackpot Games Forum

cash vs. annuityReply
Quote: Originally posted by LOTTOMIKE on February 28, 2005after giving it a lot of thought,i think annuity would be a risk because if something happens to you unexpectedly.lump sum seems more safer.....Exactly. Things change over time, especially over 20 years... even state/lottery laws. Take the cash, then you need not interact with all those unnecessary people. I'd take the cash even if it was an annuitized $3 million dollar jackpot.PS. Look at the war in Iraq, other countries touting nuclear
Feb 28, 2005, 12:36 am - Maverick - Lottery Discussion Forum

cash vs. annuityReply
Emily.....Eddie....wanted to go further than that but thought better of it. But I think the state's annuity would gain me more long term profit than a lump sum would. I'd screw it up and end up like our friend Jack W.But I gotta say, if you're going to play those kind of jackpot games then you have the right to decide your payoff as a winner. I'm always surprised to hear that in some states you have to make that decision at the time of ticket purchase. Weird. Kind of like shooting yourself
Feb 21, 2005, 7:11 pm - Rick G - Lottery Discussion Forum

"Posting Numbers"Reply
Quote: Originally posted by Rick G on February 4, 2005Chief, that is the best poll we've ever had. I voted other because I don't think CashOnly is as serious a lottery player as he is a poster here.My guess is that CashOnly is a quick-picker in the jackpot games just like me. I agree with his philosophy if you're 50 years or older, but I disagree with him if you're a 25 year-old winner. Show me a young person that can successfully handle a jackpot win, with immediate retirement until their
Feb 4, 2005, 7:01 pm - MADDOG10 - Lottery Discussion Forum

"Posting Numbers"Reply
Chief, that is the best poll we've ever had. I voted other because I don't think CashOnly is as serious a lottery player as he is a poster here.My guess is that CashOnly is a quick-picker in the jackpot games just like me. I agree with his philosophy if you're 50 years or older, but I disagree with him if you're a 25 year-old winner. Show me a young person that can successfully handle a jackpot win, with immediate retirement until their death and I'll show you a three-legged blue horse that
Feb 4, 2005, 6:00 pm - Rick G - Lottery Discussion Forum

Montana Lottery- My Way.
Here's what I would do to improvoe the Montana Lottery.Pick 3/ Pick 4: First, I would introduce those games to Montanans. There would be a Mid-Day drawing at 12:59, and an Evening drawing at 10:59.Montana Cash: Keep it at 2 plays for $1, but I would make it a 5/37 game and increase the starting jackpot tp $50,000, and it would be drawn 7 days a week.Lotto: I would first introduce the game, and it would be drawn on Tuesdays and Fridays. Jackpots would start at $2 million annuity with a cash optio
Feb 2, 2005, 2:35 am - DoctorEw220 - Lottery Discussion Forum