Winning a big lottery not without its own cost

Comment #5

mayan27 — Tue, 06 Jan 2004 22:04:23 GMT

I will always take cash over annuitycuz as the saying goes, The bird in your hands is better than the thousand in the air .

Comment #4

CASH Only — Mon, 05 Jan 2004 13:17:11 GMT

And that's why all games should allow the cash/annuity choice to be made AFTER winning.

Comment #3

visiondude — Mon, 05 Jan 2004 02:33:04 GMT

Quote: O

Comment #2

hypersoniq — Sun, 04 Jan 2004 11:58:46 GMT

Susan has a website...http://www.suddenmoney.com

Comment #1

whodeani — Sun, 04 Jan 2004 11:15:54 GMT

The value of money is typically worth more today than stretched out over many years. This is why you always take the cash. $162 million isn't going to be worth $162 million 25 years from now when you finally received all the money. You want what the money is worth in today's dollars. Take $60 million lump sum after taxes and invest it (you will do better than an annuity would) and you can live off the interest and never touch the principal.

Winning a big lottery not without its own cost

Lottery Post — Sun, 04 Jan 2004 02:10:37 GMT

If Donald Trump won the $162 million Mega Millions jackpot, he could lasso the windfall like a seasoned financial cowboy, invest his winnings, and fly off to a luxurious ski trip with his playmate of the month.But what about the guy in blue jeans beaming into a news camera with an oversized lottery check?That Average Joe might want to enlist in Susan Bradley's lottery boot camp for instant millionaires. Really rich people do play the lottery, but nine out of 10 times it's someone who's more aver... [ More ]