Can you divide a large winning this way?

Reply #3

Todd — Tue, 01 Mar 2011 13:27:36 GMT

Reply #2

dallascowboyfan — Tue, 01 Mar 2011 13:14:52 GMT

I believe it's one or the other as well.....like time*treat said once you have the cash you can invest it as you wish including annuity..... seek advice first to make sure this is your best option...

Reply #1

time*treat — Tue, 01 Mar 2011 10:38:38 GMT

My guess would be that you'd have to do one or the other. Of course, after taking the cash, you could put as much as you wanted of it into an annuity.

Can you divide a large winning this way?

Sammy1966 — Tue, 01 Mar 2011 10:16:52 GMT

Say you won the Mega Million jackpot, and you are the only winner. Will they divide the prize for you if you request? What I mean is, can you take half cash, and ask for them to put the other half in an annuity for you, with you getting a check each year for 26 straight years?

For example, say you won tomorrow's drawing, for 88,000,000. Can you ask for half the cash (44 million, but the cash value is only 27 million, and after taxes it's down to around 18 million), and ask for the annuit... [ More ]