Do you still feel the same about Cash Option or Annuity??

Reply #21

mymonthlypicks — Sat, 27 Dec 2008 02:40:32 GMT

I agree then on the other hand you have to consinder your age

Reply #20

bashley572 — Wed, 10 Dec 2008 03:29:00 GMT

We are at a initeresting time in history when everything is cheap. With the cash option you will be able to buy into things for a reduced cost.

Reply #19

Piaceri — Wed, 10 Dec 2008 02:41:18 GMT

One word: Snow.

Okay, maybe two words: Ice.

Well, really, make it three words: COLD!!!

Other than that, Canada is gorgeous.

Reply #18

Blotto — Tue, 09 Dec 2008 20:19:08 GMT

There is no one I trust more than MYSELF on this issue! Nothing would EVER change my mind that taking the cash is not the thing to do! No question about it.

Reply #17

Seachelle — Tue, 09 Dec 2008 19:11:08 GMT

Whats wrong with Canada???? I wanted to move there.... never been though! Maybe I'll visit before my mind is made up

Reply #16

Piaceri — Tue, 09 Dec 2008 03:00:36 GMT

When I move, it will be to Texas. Maybe even Mexico. But never Canada....

Reply #15

GamerMom — Tue, 09 Dec 2008 02:50:24 GMT

dare I ask where you will move? Please don't say Canada...

Reply #14

grengrad — Mon, 08 Dec 2008 20:55:11 GMT

petergrfn

I would be very careful investing in Green or Ethanol with how low gas is right now. There is a lot less interest in those projects right now, because of cheep gas. Some of those companies would be a good long-term investment, but many of them do not have enough capital to survive if gas prices stay low for a long time. Also, green companies have already rallied leading up to Obama's election, so they are actually a little overpriced right now.

Gold is a very good investment if y... [ More ]

Reply #13

grengrad — Mon, 08 Dec 2008 20:45:46 GMT

Right now is a better time than any in recent history to take the Cash Option.

Right now you can buy a house. You can buy into the stock market at prices 30-50% off their peak. You can buy foreign currencies at 2002 levels. Even commodities are down!

We may not be at the bottom right now, but the bottom will occur sometime within the next 6-12 months, which means you would also have plenty of time to do some research and find good investments.

Some investments will fail, which is why yo... [ More ]

Reply #12

JackpotWanna — Mon, 08 Dec 2008 19:34:29 GMT

I changed my mind. Before I choose annuity because it will good way to budget my money. I feel that obama going to raise taxes to pay for the bailout. Now I will choose cash and move out of the country. Enjoy my life

Reply #11

savagegoose — Mon, 08 Dec 2008 16:13:49 GMT

yeah im with lj1, my 1st jackpot im taking the cash, when i win my second jackpot ill go for the annuity. taxes can be paid from y 3rd jackpot, and finnaly ill have to thing about donating to a church when my 4th jackpot comes around.

hehe

seriously tho, its cash for me if i get to chose. i didn tthink it would really matter , but with all the financial disasters a few states in usa did have to sue big banks for the annuities they had invested in , and all that is being paid up n... [ More ]

Reply #10

Seachelle — Mon, 08 Dec 2008 03:52:13 GMT

Annuity if I can stay Anon.! so I don't have to deal with those who pops up out of the blue

Reply #9

L J1 — Sun, 07 Dec 2008 23:02:43 GMT

1st... I would choose the cash option; just to set everything (investments) in motion. I like the annual pymt; however, for the record on the first time around, cash op. is best. Then as I continue to play different lottery games, such as different states, I then would choose annuities perhaps a cash op here and there, cause I am vested from the cash option from the first Lottery Game. So, in essance, everything after the the first jackpot win, I have the ability to choose as I please.

Reply #8

Coin Toss — Sun, 07 Dec 2008 19:28:52 GMT

There are companies that look for people with annuities and lure them into selling them, lump sum, for a lot less than they'd get taking the annual payments. Often the people who go for this blow what they do get, and then wish they'd have kept the annuity.

This should teach us that some people are going to blow it all no matter which option they take.

Reply #7

MillionsWanted — Sun, 07 Dec 2008 19:05:24 GMT

Considering how many jackpot winners who are broke after only a few years, annuity should be the standard payout.

Reply #6

KY Floyd — Sun, 07 Dec 2008 08:12:35 GMT

if the T-Bill rates increase between the draw and the time you claim, is the cash option amount likely to change?

The Ohio lottery website describes the procedures for MM. They apparently buy the govt securities when the cash comes in, and then sell to pay the lump sum. Imagine they buy 100 million worth of bonds paying 2.5% and bonds paying 3% become available before the prize is claimed. Would you pay $100 million for the ones that only pay 2.5%? Conversely, if rates drop, the value of the... [ More ]

Reply #5

Coin Toss — Sun, 07 Dec 2008 00:33:06 GMT

Cash!

What if the elected administration decides to do something like tax lottery annuities at a higher and higher rate every year? I'm just saying....

Someone here has or had a sig: You can always buy a better annuity...

and you'd do that by taking cash

Reply #4

Piaceri — Sat, 06 Dec 2008 23:14:05 GMT

Actually, the cash option is a smart one right now. Not only because of the likelyhood of an Obama tax increase, but because the cash option is paying 68% of the jackpot. The T-Bill rates have dropped so much that the lottery commission has to put more cash up front to fund the annuity. And that is what the cash option pays, right? The amount of cash it takes to fund the jackpot annuity. Just last month the cash option was around 60%.

My question would be if the T-Bill rates increase between... [ More ]

Reply #3

MaddMike51 — Sat, 06 Dec 2008 21:30:45 GMT

Cash option,of course.

Reply #2

ThatScaryChick — Sat, 06 Dec 2008 20:05:01 GMT

I still feel the same as I did before. I would take the cash option.

Reply #1

Guru101 — Sat, 06 Dec 2008 18:25:03 GMT

I would take the cash option, but not because I think that if I take the annuity, then I won't get all my money. I think I would.

Do you still feel the same about Cash Option or Annuity??

petergrfn — Sat, 06 Dec 2008 18:01:52 GMT

I'm asking in the current economic enviroment is your opinion of Cash Vs. Annuity still the same? I ask this because of the fluctuating stock market and states like California asking for Bailouts.

My thoughts are I wouldn't trust the state to control my money and dole it out to me. As a voluntary tax I doubt many tax payers would agree to send Millions of Dollars to a state lottery agency for their debt obligations. So While you probably would get your money eventually if worse came to... [ More ]