Cash or Annunity and why

Reply #12

sirbrad — Tue, 13 Dec 2005 21:16:31 GMT

Only wanting to accept a lump sum no matter what is a very close-minded approach. It all depends on the individual's circumstances, and the size of the jackpot. Also with an annuity you do not have to worry about risky investments, or losing all your money. But if you accept cash you do, but you can also earn far more than the annuity will pay over time with interest. But then you also will have more taxes, and have to worry about all your money being insured, etc. Not to mention after a lump su... [ More ]

Reply #11

CASH Only — Tue, 13 Dec 2005 18:38:33 GMT

Another reason not to play MA Megabucks. Or PA Unlucky for Life.

Reply #10

Just6ntlc — Sun, 13 Nov 2005 02:43:38 GMT

If I ever win a jackpot, I would choose cash because annunity takes too long to invest. Although I get lots of money on payments, Uncle Sam will take away lots of money because of Income Tax.

Reply #9

emilyg — Sat, 12 Nov 2005 18:53:03 GMT

thanks

Reply #8

Greg — Sat, 12 Nov 2005 18:50:12 GMT

Cash????? IN A FLASH

Reply #7

Chewie — Sat, 12 Nov 2005 18:35:08 GMT

If I was in my 20s or 30s, and the annuity was going to pay me $10M every year, for 26 years, I would have to give that some serious thought. As it is, I can't hardly remember my 20s, so cash is my choice. Let the survivors fight over the remains.

Reply #6

Lawrence Connor — Sat, 12 Nov 2005 18:31:31 GMT

I would prefer the lump sum, thank you very much

Reply #5

bellyache — Sat, 12 Nov 2005 18:28:50 GMT

I would chooose cash. Hope that helps.

Reply #4

Chewie — Sat, 12 Nov 2005 13:42:15 GMT

Simple answer. Whichever makes the winner happiest. The advantage of winning, your position is the only position that counts.

Reply #3

sirbrad — Sat, 12 Nov 2005 09:36:18 GMT

https://www.lotterypost.com/threads.asp?tp=118576 sp=3 sq=cash sm=l si=s sf=0 sd=90 ss=dd rp=Search Check that out as well. I would most likely choose cash, so that I could invest it the way I want. Especially anything won over 10 million or so.

Reply #2

LOTTOMIKE — Sat, 12 Nov 2005 08:23:01 GMT

https://www.lotterypost.com/threads.asp?tp=107883 sp=4 sq=cash+vs%2E+annuity sm=y si=s sf=0 sd=182 ss=dd rp=Searchlook for cash vs. annuity.i got over 200 replies on this.......

Reply #1

emilyg — Sat, 12 Nov 2005 04:22:44 GMT

do a search - this topic has been done many times.

Cash or Annunity and why

applejack78 — Sat, 12 Nov 2005 04:15:37 GMT

Many a debate as which is best , explain your pro's and con's in each -- You just won $ 20 million Lottery cash value is 9.4 million and after that minus your state and federal tax after that, how do you spend and invest, Cash _Annunity or just a whole bunch of cold Corona's and let the world go by and not worry