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Annuity or Lump Sum?Reply
very bad with budgets and saving why would you assume someone would be bad with the money reason to taking annuity? i never hear that story. i hear more stories of people that have took Lump sum already Broke
May 17, 2013, 6:38 pm - helpmewin - Lottery Discussion Forum

$600 MILLION: Biggest Powerball jackpot everReply
singlewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinner Bought some tickets today and had an interesting thing... Here in Texas you have to choose whether you want cash or annuity at purchase. Cash always for me. Anyway, this is what tickets look like normally: Just before that, at a different location, my ticket printed like this:
May 17, 2013, 3:05 pm - Piaceri - Lottery News

$550 MILLION: Powerball jackpot now more than a half-billion dollarsReply
Um... a 17 way split on average? You'd need to buy 17 * 175 million tickets for that O_O.... if a dollar from every ticket goes towards the annuity value, then that would mean an increase of 2.975 billion in the jackpot... adding that to the 600 mil and its 3.575 billion... I actually wouldn't mind splitting that 17 ways too much. Or did I misunderstand something?
May 17, 2013, 12:44 pm - yoho - Lottery News

$475 MILLION: Powerball jackpot nears a half-billion dollarsReply
It will be interesting to see how long the lines get at the border towns near states that don't have the PB. Jackpot will probably be around $600M by tomorrow and it is anybody's best guess on what it will be by drawing time on Saturday. The prior two record breaking jackpots ended on the weekdays, having this one on a weekend changes everything. I am not sure if the CVO record will be broken, but I bet the $656M Annuity record will fall by the wayside.
May 16, 2013, 3:08 pm - Kumo - Lottery News

Annuity or Lump Sum?Reply
I'm very surprised so many people would consider annuity, considering by far the majority of winners pick lumpsum. Let me give you 2 scenarios as well. You've won the lottery and was offered two ways to take the prize: 1. 38.7 million USD 2. 60 million Japanese Yen. Both options are lumpsum, no-tax. Which would you pick? In case you didn't know, approximately 80 JPY = 1 USD. I think you would pick choice 1, right? So here's my point. In your examp
May 13, 2013, 7:18 pm - yoho - Lottery Discussion Forum

Annuity or Lump Sum?Reply
Thanks for the welcome. Very interesting crowd here :D Anyway, 80 mil (well the 38 some mil in cash amounts) is definitely more enough wealth than anyone to live off of for generations to come. And it is true that if you just let it sit it'll be fine...even if you are losing 3% every year due to inflation. I guess I was asking an interesting question based off of the premise that the money will do better in your hands now than in the government's hands in 26-30 years. But yes inv
May 13, 2013, 6:31 pm - ginmqi - Lottery Discussion Forum

Annuity or Lump Sum?Reply
So my question is what about taxes on investments and capital gains? (Assuming the lump sum will be invested) With millions won, people would have one or many very large taxable accounts (after all IRA is only 5500 a year max as of this year, and 401k is limited to 17.5k a year) so anything above that you would be basically managing a taxable investment account. And right now capital gains is 15% but it also possible that that may be raised signifcantly. And on top of inflation (3% yearly), m
May 13, 2013, 2:45 pm - ginmqi - Lottery Discussion Forum

Annuity or Lump Sum?Reply
New poster here and I'm surprised at how many people like the lump sum. But here's what I was thinking behind my view on favoring annuity: The opinion from what I've heard from friends seems to be that you can do better to invest the money today. But do people actually know exactly how to invest and live off the interest? Here's what I was thinking and let me know what you guys think. Scenario 1: Adam won advertised jackpot of $80million and took the cash estimate of $51.6 million. He
May 13, 2013, 2:15 pm - ginmqi - Lottery Discussion Forum

Annuity or Lump Sum?Reply
Since I just realized (a week ago) that they're taking away the annuity option in the Hot Lotto game change, I guess I'll get the lump sum. I gotta admit that if I won, and got a single check for several million, it would kinda freak me out ... Too big of numbers too quick!!! I do like the idea of getting it and dealing with the taxes one year, then be done with it. After that, just make good investments and have to deal only with the taxes on the interest. I know that in reality, that wou
May 13, 2013, 1:39 pm - PlayToWin47 - Lottery Discussion Forum

Annuity or Lump Sum?Reply
Gotta go w/ lump sum. I recall reading some time ago about some folks that won back in the 70s when you had to take annuity, they were getting ready to recieve their last payment an talking about how inflation had taken the fun and anticipation out of waiting for the check.
May 12, 2013, 4:59 pm - haymaker - Lottery Discussion Forum