Welcome Guest
( Log In | Register )

Quick Links

USA Mega

NetConnect

Internet Domains, simple and cheap

Find a domain name:

Home
Lottery Results GadgetPetition for True Lottery Drawings
The time is now 10:32 am
All times shown are
Eastern Time (GMT-5:00)
Update your time zone

Lump Sum V.S 26 YearPrevious TopicNext Topic

Topic closed. 3 replies. Last post 2 years ago by rburton.

Page 1 of 1
PrintE-mailLink
kdmccaskill
Avatar
New Member
beacon, ny
United States
Member #79495
August 25, 2009
27 Posts
Offline
Posted: August 27, 2009, 7:28 pm - IP Logged

What is better

 

with 26 year couldn't you use your mega million contract to take out loans

    Piaceri
    Piaceri's avatar - strawberry
    Margaritaville
    United States
    Member #58035
    January 9, 2008
    414 Posts
    Offline
    Posted: August 27, 2009, 8:48 pm - IP Logged

    What is better

     

    with 26 year couldn't you use your mega million contract to take out loans

    Why would you do that? 

    Why borrow when you can "Bank on yourself"? Borrow from yourself for 6% interest, then you earn 6% interest on your money instead of the bank earning 6% on your money.

     

    Besides, when you look at the current administration, your future annutity payments might be taxed at 60% or more.

     

    Annuity is lose lose right now.

    ~

    Inhale Positivity. Exhale Negativity.

    ~

    Clear eyes, full hearts, Texas forever!

      allmost
      Avatar
      New Member
      toledo ohio
      United States
      Member #79366
      August 22, 2009
      22 Posts
      Offline
      Posted: August 29, 2009, 6:12 pm - IP Logged

      well if your not good with money take the 26, if you are then the cash option would be best if, you know how to invest it ...... and it would depend on your age..

        rburton

        United States
        Member #78998
        August 15, 2009
        33 Posts
        Offline
        Posted: September 1, 2009, 1:18 pm - IP Logged

        Why would you do that? 

        Why borrow when you can "Bank on yourself"? Borrow from yourself for 6% interest, then you earn 6% interest on your money instead of the bank earning 6% on your money.

         

        Besides, when you look at the current administration, your future annutity payments might be taxed at 60% or more.

         

        Annuity is lose lose right now.

        Somethings badly wrong when the Government takes 60% of a persons money.

           
          Page 1 of 1