Annuity or Cash??

Reply #19

KY Floyd — Thu, 27 May 2010 19:17:41 GMT

That only matters in the very unlikely event that a broker has your money and doesn't pay you because the money goes to their other debts first, and there's none left for you. It's not clear what the original poster meant, but I hope they don't think that some insurance fund is going to pay them back if they invest in Fly By Night Widgets, Inc and the stock becomes worthless.

Reply #18

time*treat — Wed, 26 May 2010 08:41:51 GMT

RE: brokerage accounts

A: SIPC

Reply #17

markp1950 — Sun, 23 May 2010 10:42:07 GMT

Cash, for sure.

But from there, where do you put it?

Some say gold, because they say that money will become worthless.

Treasuries? Will the government go bankrupt?

Some fund? How about the Madoff fund? Steady 12% gain. OOPS!

The market? Will the broker go bankrupt and lose all your money?

There is no place too big to be closed in days.

Bear Stearns, Lehman, Worldcomm. Enron, Madoff, Stanford? Bam! They're gone!

I was wondering, if I invest my money with a broker, then put... [ More ]

Reply #16

victorl3ichiban — Sun, 23 May 2010 05:44:59 GMT

With the situation I am in I have to say cash.

Reply #15

Pinkbudda — Thu, 20 May 2010 17:32:59 GMT

Cash

Reply #14

rdgrnr — Wed, 19 May 2010 12:50:36 GMT

Yes, I've heard the Earth could invert on its axis and actually turn upside down.

I just hope the Jack Daniels Distillery is on top of this situation and has installed some type of swivel apparatus on all the vats so they don't empty out if this occurs.

Reply #13

konane — Fri, 14 May 2010 19:37:32 GMT

Cash for me too. Excellent list

Reply #12

BaristaExpress — Fri, 14 May 2010 18:37:43 GMT

OK Guesser, this is the prime reason for anyone who wins a MM or PB Jackpot to get a lawyer and a financial adviser before claiming the winnings! BTW I will have all of those people in place before going to claim the Jackpot! That way all of my bases are covered before claiming the Jackpot!

Ownership Categories

Revocable Trust Accounts

This section explains FDIC insurance coverage for revocable trust accounts, and is not intended as estate planning advice or guidance. Dep... [ More ]

Reply #11

THRIFTY — Fri, 14 May 2010 00:24:53 GMT

cash 100%. I don't like future dollars dealing with inflation.

Reply #10

sully16 — Thu, 13 May 2010 22:15:14 GMT

cash cash cash cash

Reply #9

guesser — Thu, 13 May 2010 17:45:06 GMT

Joshua - it is people like you that would win, and be broke, homeless and bankrupt in three years. But you can have a lotta fun in those three years.

Barista - what if you put it in a bank and the bank fails? What if you invest it and the market is cut in half? Keep in mind each account at each bank is FDIC insured for only X amount, to be fully protected you have to have several accounts spread across lots of banks.

Reply #8

rdgrnr — Wed, 12 May 2010 23:04:25 GMT

Cash.

The Government has already borrowed all the money out of Social Security and replaced it with IOU's. They are constantly searching for new sources of revenue to borrow money from. I wouldn't want my jackpot just sitting there tempting those thieving sob's. Gimme the cash - now.

Reply #7

BaristaExpress — Wed, 12 May 2010 14:36:16 GMT

I can't see any reasonable rational person taking an annuity, can you?

1) Why trust the US dollar to be around until your last payment is paid?

2) We all know that the current tax rate is going to go up and not down, so why pay more in taxes over the life of the annuity than you have too!

3) Trusting foolish people will be parted from their Aunnuity by their Bankrupt Government!

4) CASH IS KING that's the only rational way to think in this day and age of all the Government Bailouts o... [ More ]

Reply #6

Coin Toss — Tue, 11 May 2010 00:10:44 GMT

CASH.

2012,The Mayan Calendar Ends The Galactic Alignment that goes along with the Mayan Propghecy for 2012 The Galactic alignment could include a black hole Possible asteroid striked The current administration in D.C.

Reply #5

joshuacloak — Mon, 10 May 2010 15:55:38 GMT

need the cash now

buy a gaint 1000 plus arce land somewhere in middle to east tn,

build a gaint like 20m buck home/reach, with ever thing you could think of

living like a king

my own dirt bike trails, helicopter with pad,

very own air strip,

gaint sky tower for views of my kingdom

start a massive farm growing herbs.rare fruits in gaint green house's aka atriums

hell i could go on and on,

once you start thinking, their easy a million diff ways to spend th... [ More ]

Reply #4

guesser — Mon, 10 May 2010 02:52:03 GMT

I look at it this way:

How much is the annuity?

That said, could you handle $200,000? One Million?

If someone handed you even $100,000 today would you be better off?

How old are you?

Would you be able to make ends meet with an annual annuity payment?

Do you really need; let's say 50 million dollars RIGHT NOW?

WHY?

If you are over 40 take the cash, if under 40, take the annuity.

Reply #3

Genome — Wed, 05 May 2010 03:40:52 GMT

I'm going with the cash. I didn't win anything on Mega tonight. If I won this 266 mil jackpot, I would have took in about $115,000,000 after taxes. It's just crazy to think that I could have had that amount on me. I wouldn't know what to do.

Reply #2

badboy00z — Wed, 05 May 2010 03:27:09 GMT

With the jackpots this high, cash is enough! Lol.

Reply #1

rcbbuckeye — Wed, 05 May 2010 01:32:10 GMT

At my age it's cash, cash, cash.

On the Tx lottery website, when it's a Texas winner, it says whether they took cash or annuity.

Annuity or Cash??

jerryb*49 — Wed, 05 May 2010 00:52:10 GMT

How will you take your Powerball or Mega Millions winnings; annuity or cash? Is there any way to tell how past winners took their winnings