|Posted: June 19, 2005, 1:17 pm - IP Logged|
the people who say they want to "invest." well, you can invest the annual amount you receive each year. You get $2 or $3 million each year, you DON'T have to spend it all. Throw half of it into the stock market or a business or whatever. But, if you screw up and lose it in some stupid investment (we all have a learning curve, you know?) then at least you won't have lost ALL your money. You still have the next annual check coming for $2 or $3 million.
it's just that sometimes people must think they are so smart because through luck (or a computer draw) they picked the right lottery numbers. Or they go into a haze of craze or something. For whatever reason, they start spending the money like they think that's going to happen over and over and they don't realize THIS IS IT. (oh, sure there's the woman who won a million twice in one year -- I'm just saying don't spend the money like you are sure that's going to happen to you.) The annuity plan is just to safeguard yourself from your own worst behavior. And that worst behavior has happened to enough people that it's apparently like a temporary craziness that can't be explained. So, best to make the decision ahead of time -- annuity -- and live a long prospersous life.