|Posted: June 23, 2005, 2:20 am - IP Logged|
So then the answer to my question is that the ratio of lump sum to JP is that there is no set ratio, it all depends on the current interest rate of T-notes.
The USA Mega site is okay, though it does not exactly answer my questions in the detail that I am looking for, but...
Thank you for the link to the Ohio website - that really gives me what I was looking for on the ratio of lump sum to JP.
Thank you also for affirmation on the equal installments for the annuity.
As I am sure most of the Lottery Post members do, I keep an Excel spreadsheet to calculate my own amounts for what I would get after taxes and after I have used up some of the money. Plus, I keep track of hypothetical investment returns and current interest rates on Treasury securities and other income investments. This spreadsheet keeps me disciplined, so I figure that if I have it in place, I will be less likely to become one of the horror stories should I win.
I live in CA, so I wanted to add the MM data to the sheet.