Cash or annuity

Reply #48

psykomo — Tue, 28 Oct 2008 21:47:57 GMT

UR correct lottocalgal

HOPE U WIN BEFORE taxes R raised 2 75% of

ur CAPITAL gain's of UR income R winning's

......ur friend NANCEY from UR GREAT state

IS WORTH 70 MILLION today (mony in BANK)!!

you SHOULD BE RICH Like DEMOCRAT'S

LOL ... YOU NEED-2 WIN THE JACKPOT$$

PSYKOMO

Reply #47

lottocalgal — Mon, 27 Oct 2008 21:51:20 GMT

I still say cash only please. Like you said, there are no gaurantees in life, anything can happen 25 or 30 years down the road. Like I said in a previous post, I can just see it now Due to the recent changes in....... All Lottery annuities have been temporarily suspended until further notice. Sorry for any inconvenience this may have caused. This is just like our government to pull something like that ten years into an annuity.

Reply #46

MaddMike51 — Mon, 27 Oct 2008 15:10:35 GMT

Cash.

Reply #45

dingo — Fri, 17 Oct 2008 06:52:08 GMT

Cash is King.

Reply #44

BaristaExpress — Sun, 12 Oct 2008 23:32:44 GMT

You're right, I'd be buying gold and platinum! Gold or Platinum has no boundaries/borders as to what country it will spend in! Any precious metal of the like will due in the trouble times of any Government/nations failing financial sector! It's the only WORLDLY CURRENCY there is!

It's better than some two sided printed piece of paper being back by nothing more than FAITH of some Government some where in the World! Most Governments are CORRUPT! I'll be damned, sounds like the United States fal... [ More ]

Reply #43

DC81 — Sat, 27 Sep 2008 23:31:11 GMT

I'd go with things that people need, especially food or things that are somewhat rare and high demand such as gold still.

Perhaps I would build that bunker to put everything in...

Reply #42

JackpotWanna — Fri, 26 Sep 2008 01:42:06 GMT

If I hit the powerball, I will buy a few shares of Berkshire Hathaway stock.

Reply #41

awwcrap — Fri, 26 Sep 2008 01:04:10 GMT

Cash of course

Reply #40

Old Eagle — Thu, 25 Sep 2008 23:58:21 GMT

Your rationale is grossly flawed, as pointed out by KY Floyd. It doesn't take a Masters Degree in finance to understand that your tax savings would be far less than your interest payments. What a way to throw money away that could be used far better. You would still get a tax write-off, if that's what you're looking for, by giving that money spent on interest to your favotite charity. Either way, you are giving away much more than you are saving in taxes, buty the latter way benefits people in n... [ More ]

Reply #39

grengrad — Wed, 24 Sep 2008 11:47:30 GMT

Buying what he buys is not smart, because you will not get the same terms he does.

When he buys a company, he usually gets preferred shares, which payout more than common stock.

If you want to take advantage of his investments, invest in Berkshire Hathaway.

Reply #38

savagegoose — Wed, 24 Sep 2008 10:31:04 GMT

you could follow Warren Buffet and buy what he buys, or just invest in berkshire hathaway or while the dollar is still worth something buy gold, gold coins buried 2000 years ago are worth something, more than can be said for the paper you stuff under the matress in 2000 ,200 or ;hopefully not, 20 years.

Reply #37

time*treat — Wed, 24 Sep 2008 10:19:20 GMT

The USA is not the only nation dealing with this situation. It is being felt in every developed nation. The world is not going to fall apart . It will be more like a ... controlled demolition, a realignment of economic power. This happens every 80 - 100 years. Think Great Britain circa 1900 [when the sun was always shining somewhere in the British Empire], France in 1800, and so on... It's our turn.

If you really want to invest your money during a 'crisis', you put it where those who are hand... [ More ]

Reply #36

ArtVandalay — Wed, 24 Sep 2008 09:42:51 GMT

In light of the current financial crisis that the USA is going through, I might be tempted to take the cash payment. But after taking the cash payment and paying the taxes on it, what would you invest it in? Where would you keep the money? That would be an immediate concern to deal with.

If we weren't going through this financial crisis, I would definitely take the annuity, and I just turned 50 last month. Let's say that I won the Powerball jackpot with a 30 year annuity payout. First of all,... [ More ]

Reply #35

pacattack05 — Tue, 23 Sep 2008 05:00:44 GMT

Now that i've exposed these crude criminals of crime against humanity, wil there be black ops helios hovering above my house?...

Will my laptop suddenly crash?

Will my air freshener cease to blow puffs of herbal essence and scents into the air?

What is the world coming to

Reply #34

time*treat — Mon, 22 Sep 2008 04:37:28 GMT

They are already merging. JP bought Chase, remember? Their proper name is JPMorgan Chase.

(Well, they've bought many things, but that's enough to get you started... )

Between the search engines, and their own home pages, you'll be sorry you mentioned it. I'm sure you will notice one fellow whose name keeps popping up.

Reply #33

pacattack05 — Mon, 22 Sep 2008 04:15:19 GMT

That's right, now I remember...thanx.

Take the money and run.

At this rate, it's only a matter of time before the 13 illuminati criminal family bank cartels start buying each other out, leaving a central one world government.

Reply #32

ofun — Mon, 22 Sep 2008 01:08:42 GMT

Basically if you get a couple of CDARS accounts at different banks, each account is insured up to 30 million, so lump sum would be the smart way to go. The interest alone would provide a real nice lifestyle.

Reply #31

time*treat — Sun, 21 Sep 2008 04:50:34 GMT

@Pac: JP Morgan bought Bear-Stearns ... the week after that lying piece of shill Jim Cramer told everyone 'don't worry', etc. about the shares. Of course, afterwards, he was parsing his words about what he really meant.

Reply #30

JAP69 — Sun, 21 Sep 2008 04:40:26 GMT

Maybe some inquiries at our state lottery would help in informing us on who buys these annuities.

How are they guaranteed for principal balance etc , etc.

Reply #29

pacattack05 — Sun, 21 Sep 2008 04:16:16 GMT

JP Morgan bought out one of them, I forget who.

This is so familiar to me....oh that's right.......JP Morgan has been, and is doing, what the money lenders did in Europe. But now they're buying up America. Control...control...control !

The Rothchilds were first named Red shield . There was an actual red shield in front and top of the family house I believe in the late 1700's. They lent money to the government to help fund the european wars. They hedged both sides of the war, having a spy c... [ More ]

Reply #28

chasingadream — Sun, 21 Sep 2008 02:38:58 GMT

am i the only one that has problem trying to figure out what this guy types.....no offense PSYKOMO

Reply #27

psykomo — Sun, 21 Sep 2008 01:38:41 GMT

This is a darn G@@D ???????JAP69!!!!!

ONLY UR STATE Lottery Director can ANSWER!!!!!!!!!!!!!!!

BUT remember that dar is alway's a BUTT out dar!!!!!!

WHAT is this WORLD???CUM'G 22222222 with all these BONE-E-PAYOUT'$

SEEM's LIKE D LEADER$HIP like's to (2) COOK the B@@K's screw USes!!

translation:

THEY TAKE UR MONEY and RUN like HELL !!

MABY you R me better take D-CASH if we R lucky enough 2 beat their !!

trillion 2 one odd's !!

He who control's D mony CONTROL's !!

IT... [ More ]

Reply #26

DC81 — Sat, 20 Sep 2008 20:51:52 GMT

Not to mention the issue of taxes going up in that time.

Reply #25

grengrad — Sat, 20 Sep 2008 10:31:44 GMT

Federal Tax is more than 25%, that is just what they deduct. Your real taxes will be closer to 35%.

$2,000,000 in expenses now will be equal to spending $5,300,000 in 30 years, because of inflation. That is at an inflation rate of 3.3%. Actual inflation could be more or less.

Reply #24

sirbrad — Sat, 20 Sep 2008 08:34:53 GMT

State: Pennsylvania

Jackpot: $154,000,000

Federal Tax: 25%

State Tax: No state tax on lottery prizes

Report: Powerball annuity payout schedule (30 annual payments)

Year Gross Payment Federal Taxes State Taxes Net Payment

1 $2,745,835 $686,459 $0 $2,059,376

2 $2,855,669 $713,917 $0 $2,141,752

3 $2,969,895 $742,474 $0 $2,227,422

4 $3,088,691 $772,173 $0 $2,316,518

5 $3,212,239 $803,060 $0 $2,409,179

6 $3,340,728 $835,182 $0 $2,50... [ More ]

Reply #23

sirbrad — Sat, 20 Sep 2008 08:31:33 GMT

I have always been a cash guy, but with the FDIC only insuring $100,000 and the current powerball jackpot, I would consider annuity strongly. Guaranteed check for a couple of million or so every year, and to go up, minimal investing and worries, and a TON of money later on waiting. Although I would prefer the cash if there was more insurance and security.

Reply #22

JAP69 — Fri, 19 Sep 2008 16:27:31 GMT

I never knew that the feds still had a depression era fund hanging around yet.

All political parties best work together on this deal. Or their is going to be haiedies to pay.

http://www.msnbc.msn.com/id/26787984?GT1=43001

Reply #21

JackpotWanna — Fri, 19 Sep 2008 16:04:23 GMT

Got to take cash. The future looks very scary. The US government is bailing out companies left and right. Who is going to bail the US government? Taxpayers!!! Taking the cash and most likely going overseas.

Reply #20

BaristaExpress — Thu, 18 Sep 2008 20:23:53 GMT

Heck you're worried about the banks going under . Look what just happened to AIG and the 85 billion our Government is going to bail them out with! AIG and other big insurance companies issue annuities and you think the money is safer as an annuity that's been issued from a State or Federal Government entity? Where do you think they get that annuity from they gave you! From those same insurance companies and brokerage firms that are all going under from mismanaging their clients money!

Here's... [ More ]

Reply #19

KY Floyd — Thu, 18 Sep 2008 17:40:52 GMT

What do you suppose would happen to your annuity if all the banks other winners are keeping their money in go under? Just because you still get your check for 500 grand every year doesn't mean things are still rosy. Have you checked on the price of a loaf of bread in Zimbabwe

Reply #18

DC81 — Thu, 18 Sep 2008 13:01:58 GMT

CDARS are apparently mostly offered through smaller banks and local credit unions so I doubt that would be as much of an issue. It's the big ones that are having the problems since they took a stupid, greedy risk that they're now paying for, well actually we're paying for since it's our money bailing them out.

Reply #17

GamerMom — Thu, 18 Sep 2008 12:27:29 GMT

annuity. I don't know what I would do with all of that $$$ at one time. I would be afraid the banks I had it in would go under

Reply #16

DC81 — Thu, 18 Sep 2008 10:30:42 GMT

Cash of course..

Reply #15

Guru101 — Thu, 18 Sep 2008 06:30:50 GMT

Cash for me.

Reply #14

smooth05 — Thu, 18 Sep 2008 06:09:08 GMT

cash baby

Reply #13

dvdiva — Thu, 18 Sep 2008 05:41:58 GMT

Finally a question that's never been asked before.

Reply #12

Coin Toss — Wed, 17 Sep 2008 16:26:10 GMT

Cash for several reasons, one of them being the approach of........

Dec 21 2012

Reply #11

Raven62 — Wed, 17 Sep 2008 16:02:19 GMT

LOL: You'll still owe Taxes on the House every year

Reply #10

Uff Da! — Wed, 17 Sep 2008 16:02:17 GMT

Cash for me, thank you. Two reasons:

(1) Although I tell everyone that I plan to live to be 101, statistically speaking that's not likely and an annuity would likely outlive me. I see no point in putting my heirs to extra hassles in getting the estate settled.

(2) I'm something of a contrarian. I'd love to have plenty of cash to start investing in the stock market right now and in the coming months. Sure, there are going to be more financial problems among various companies, but the best t... [ More ]

Reply #9

KY Floyd — Wed, 17 Sep 2008 05:42:37 GMT

You're joking, right? I know people want to reduce their taxes, but anyone who wants to pay 50 grand in interest to save 17 grand in taxes is either an idiot or has a seriously irrational hatred of taxes. There are two sensible reasons to take a mortgage when you can afford to pay cash. One is if you want to use that cash for something else. The other is preserving your principal if you lack the discipline to pay yourself back after paying cash. Taking a mortgage for the second reason probably m... [ More ]

Reply #8

Jimhowlett — Wed, 17 Sep 2008 04:28:34 GMT

Cash FTW.

I know enough about finance, securities and commodities trading, regulations, market patterns, etc to reasonably expect to generate a better return than the annuity. Of course, one may stand to lose more money as well. My jp money will probably go to collect interest at first, until I get a better feel for handling all the money. That's a 5% return, at the best.

Reply #7

ThatScaryChick — Wed, 17 Sep 2008 04:12:14 GMT

I would take cash.

Reply #6

BaristaExpress — Wed, 17 Sep 2008 03:02:58 GMT

Oh I forgot to say what I'd take.... CASH ALWAYS

Reply #5

BaristaExpress — Wed, 17 Sep 2008 03:00:38 GMT

But with being a multi-millionaire you need write offs (home loan(s), car leases) to keep Uncle Sam out of your now deep pockets! Charities are good for some write offs but a home mortgage is the best long term one out there! 50% down on a large home (1-2 million dollar home) at todays rates will give you a nice write off on your over all tax bill.

Reply #4

diamondpalace — Wed, 17 Sep 2008 01:38:33 GMT

Cash, with good investment you can make more towards the annual payout over cash option.

Reply #3

blackblue — Wed, 17 Sep 2008 01:34:42 GMT

I never would have taken annuity for the fact that I don't like to owe money.if I was going to buy a house or car I want to pay in full and not owe anything on it.

Reply #2

pacattack05 — Wed, 17 Sep 2008 01:20:11 GMT

I chose the cash when it first was available. I could never look back. The annuity never appealed to me. One reason is that my life priorities change every 6 months or so, delegated by circumstances either in my control or out....lol

Reply #1

time*treat — Wed, 17 Sep 2008 01:13:17 GMT

Cash now. Times haven't changed; people just chose to ignore the early warnings.

Cash or annuity

JAP69 — Wed, 17 Sep 2008 01:03:43 GMT

With the current crisis in the money sector would you consider your options more seriously with the choices.

I do not know who guarantees these annuities but I would certainly find out with the mess going on now.

Multi millions is not chump change to lose.

This question has been asked before but times have changed very quickly.