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Mega Millions

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Well I was looking at the mega millions jackpot analysis feature here at usa mega and I think that it will be hard for me to turn down the annuity over 26 years then the cash.  Sure you get half all at once but you can also get over a million a year for 26 years.  So I doubt that I will spend a million over one year.  Maybe the first year just because I will be helping my sister and her husband out and my mother too.  But the other 25 years I will be hard pressed to spend that million dollars in the years time.  So I am leaning to getting the annuity for 26 years to get the most for my money.-weshar75

Entry #1,360

Comments

1.
rcbbuckeyeComment by rcbbuckeye - December 5, 2011, 8:16 am
I would never take the annuity. For one thing, I'm 57, and I kinda want the money now. Most important though, is with the way our economy, and the world economy is going, there is no guarantee that money will be there for you in 15 years, 20 years, or 25 years. Whatever the money is invested in to pay the annuity could go belly up. Now, there is the argument that the dollar may be worthless by then also, but cash has always been king, and I would rather take my chances with cash, than annuities.

Good luck! We gotta hit it first.

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