Cash Vs Annuity PaymentsPrevious TopicNext Topic

I have lost count of how many times this has been discussed and polls taken.  It always comes out that the best option is CASH. 

Yes, somewhere nice, quiet, isolated and all trees, land, animals and God's great big beautiful sky for miles around. Perfect.

I would take the Annuity Option, (1) I would collect the $310,000,000.00 over the term of the payout, talking about tonights Power Ball Jackpot for Saturday 2/11/2012.

(2) I would get an annual income for the rest of my life expectancy, and should I die before that time the remainder can always go to family.

Everybody has their own choice, for their own reason and to that I say to each his own.

Good luck eveybody.

 -Michael

We get new members everyday who might like to discuss it and vote on it too, Jack.

ohemgee so i clicked the first link in the search results and thought it was the only one lol so i get stupid cloudy most of the time shoot me.....LOL but ya should have a daily poll about it

  Either way i could deal with one or the other. There's a saying if you cant handle money when you have none , when you get some you still don't know how to handle it when you get some,LOL . Look around and you will see what i mean. Some people get money and they blow it right know. Ex tax time. Mitch

I'd take the money and run!

Unless someone recruited a bunch of people the skew the results, do you think a daily poll would come out any different than the consensus thus far?

mjwinsmith,

Well, there is 12-21-2012 to get past,you know, the Mayan stuff.

"I'll take the annuity"

"Are you sure, the asteroid is going to impact within 24 hours"

____________________________________________________

"If I knew the world was going to end tomorrow, I'd go plant a tree

-Martin Luther

He should have been sent right to a rubber room for saying that!

cash

share market has gona gang busters around here lately, and %10 div yeild is no longer avail.

my nice easy math of 10% earning , %7 after tax is all messed with.

but a 5.2% return after tax on 200 mill is 10 mill a year, thats %8 div minis 35% tax,.

10 mil is after taxes are out,. just buy a %8 yield stock, in a company name., pay yourself a wage as  manager,. and any spending money you dopnt pay your self pays company tax rates not personal.

but ifyou wanted the pay could be $10 mill a year.  no annuity, no end in 25 years. for ever.

On smaller prizes, of under $1,000,000, I would take the cash (should I be that lucky).

On $1,000,000 to maybe $4,000,000 I would likely take the annuity. With the Colorado Lotto, the cash amount is 1/2 the jackpot, so a $1,000,000 jackpot is reduced to $500,000 cash. Then if you assume fed and state taxes eat another $200,000 then you're down to $300,000 or so. In that case, I'd rather just take the annuity. A $1,000,000 win pays $25,000 for the first year then increases 3.7% every year for 25 years.

If I were so lucky to win over $4,000,000, I most definitely would take cash.

just voted cash, you can always buy your own annuity,

but i do laugh at that 1 tv comm. where they're on the bus,

singing like an opera. even sing along with it,

but that makes my dogs bark and whine LOL.