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Weeks from losing house, couple wins $7M lottery jackpot

Topic closed. 19 replies. Last post 7 years ago by sirbrad.

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wizeguy's avatar - animaniacs04

United States
Member #15143
May 10, 2005
414 Posts
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Posted: December 30, 2009, 6:25 am - IP Logged

Congrats to Mr & Mrs Estrada!

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    Downhere, S.C.
    United States
    Member #35033
    March 11, 2006
    1956 Posts
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    Posted: December 30, 2009, 7:48 am - IP Logged

    Great story. I don't begrudge anyone winning but I really enjoy seeing it go to someone who really needs it sometimes.

    Especially at 65 yrs old and on the verge of losing your home.

    I Agree!   Oh Yea

    US FlagPlease Pray For Our Troops And Their Families.

      dpoly1's avatar - driver
      PA
      United States
      Member #66141
      October 16, 2008
      1672 Posts
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      Posted: December 30, 2009, 1:07 pm - IP Logged

      In these uncertain times, the annuity looks better and better..

      If the dollar would colapse because of the current out of control US deficit - you would wish for the cash option and proper income producing investments and some prescious metals because the annuity would be worthless !!!

      This is just a fact of the current trend of out of control Federal spending !

      Current Federal economic experts Stooges

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        New Member
        Nevada
        United States
        Member #26473
        November 18, 2005
        6 Posts
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        Posted: December 30, 2009, 5:07 pm - IP Logged

        Dpoly1 is absolutely correct.  There is no question that King Dollar is heading for at least a serious devaluation.  In addition, US Treasury Bonds are looking at a serious crash, probably within the next 24 months.  The Chinese know that, hence their headlong rush into shorter maturities.

        Given all of the above, how much sense does it make to put a lot of faith in a 25 or 30 year ladder of dollar denominated US Treasury Securities, which is precisely what the "annuity" comprises?

        With respect to the tax issue, the Bush tax cuts expire at the end of 2010.  The current administration is looking to rock and sock everybody making over $250,000 per year (and likely will extend that "hope and change" to a much lower threshold).  California does not levy income taxes on California Lottery winnings.

        Looks like a lump sum slam dunk  to me, but, what do I know?

          sirbrad's avatar - Lottery-062.jpg
          PA
          United States
          Member #22983
          October 6, 2005
          2226 Posts
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          Posted: December 31, 2009, 3:26 am - IP Logged

          Doesn't say QP, but randomly selected numbers. That could mean he randomly selected them himself.