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MM/PB Annuity

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I was doing the taxes on the annuity for both Mega Millions and Powerball today to see what I could get if I choose annuity on the game.  It is a nice little payout if you like an annual check I think MM worked out to like $380,769 for 26 payments.  Powerball was in the first year $490,327 and the last year was $1,529,161 so I guess they are nice pay outs.  But it always depends on the winners personal choice I would be tempted to go either way because of the advantages of both ways to have your money.  I can see myself taking the annuity because of the stable check for a set amount of years but then I could take the cash too.  I could invest the cash and make it grow through guidance from my bank.  I just hope that one day I get the opportunity to make a decision on should I choose cash or annuity.-weshar75 

Entry #401

Comments

1.
weshar75Comment by weshar75 - March 5, 2006, 10:48 pm
I think once I get my check and after the bills are paid I will ride the Powerball wagon all the way to jackpot city. Then I will take the Mega Millions trail to jackpot gold. After all that my next visit will be the Wells Fargo stagecoach to the bank for a deposit.-weshar75

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