What Age is "too old" to even consider 20-30 year PB or MM jackpot payments?

Reply #18

Hallfamily8 — Tue, 07 May 2013 05:16:23 GMT

I think it's up to the person. Given the choice I would take the lump sum.

Reply #17

noise-gate — Tue, 07 May 2013 05:03:05 GMT

Thing is- when you buy the farm, you don't have the luxury of seeing how your money is being preserved or squandered.

Reply #16

whiteballz — Tue, 07 May 2013 04:05:24 GMT

Lump sum for sure but if I had to get the annuity, my cut off age would be 90 years old. I fully intend to live to be 120 years old and to be able to collect every single annuity check. Of course what we intend to happen and what might actually happen may end up being two very different things.....

Reply #15

weshar75 — Tue, 07 May 2013 03:29:52 GMT

I have not decided yet which one is better because I have family that is young so I want this money to last me and them too. So I have not decided which one is better cash up front or annuity but if I ever get lucky it would be a good headache to have to deal with I think.-weshar75

Reply #14

RJOh — Tue, 07 May 2013 02:37:31 GMT

Depends on the amount and the amount I would be willing to manage or trust someone else to manage for me.

Reply #13

Ronnie316 — Tue, 07 May 2013 02:16:57 GMT

Reply #12

joshuacloak — Tue, 07 May 2013 02:06:38 GMT

18 is to old

any age is to old

only a fool takes the Annuity

also to person who said, u lose money by taking cash,

your just wrong, annuity is just cash jackpot invested into special us treasury notes lottery can buy.

lets take highest rate of 30 year notes govt issue

the rate is 2.98% atm, yes, just freaking below 3%

got some news for u, there tons of investments WAY above 3%, mini of 7% can be done easy

if u like risk u could try for more, , above that u be trying to be... [ More ]

Reply #11

HoLeeKau — Tue, 07 May 2013 02:04:35 GMT

Chronological age has nothing to do with it IMHO. If you don't know how to handle money and there's a high risk you'll be blowing it all, you should take the annuity no matter what your age is. As soon as you're mature enough to handle a large amount of money you should take the lump sum.

Reply #10

noise-gate — Tue, 07 May 2013 01:49:16 GMT

Cash at any age, control your money future.

Reply #9

rdgrnr — Tue, 07 May 2013 00:45:45 GMT

I got a pair o' Redwing boots older'n you.

You take the annuity, I'll take the cash.

Reply #8

AlwaysSunday — Tue, 07 May 2013 00:45:40 GMT

Either way it's a lot of money

Reply #7

KillerDemo — Tue, 07 May 2013 00:43:18 GMT

Annuity since I'm in my 20's still

Reply #6

Artist77 — Tue, 07 May 2013 00:27:09 GMT

I think if I were 20 years old and in college (maybe up to age 29), I would seriously contemplate the yearly payments. Even if something happened, I would have time to make it up.

Reply #5

maringoman — Tue, 07 May 2013 00:10:57 GMT

I'm with sully16 on this; lumpsum all the way! But to answer your question I would say 50 yrs old. Many people are living to their mid 70s so an annuity that starts when you're in your early 50s is great.

Reply #4

MADDOG10 — Tue, 07 May 2013 00:07:42 GMT

In my opinion, I don't think any age would be too old as long as you had Hiers or someone specified to recieve it

after you had escaped ....

Reply #3

helpmewin — Tue, 07 May 2013 00:00:32 GMT

i guess i could see if someone is over 75 and have no kids or don't care about leaving anything to their kids they may want to get the cash option to blow through it and i hope they don't spend it all then find out they live to be 107 and be broke

Reply #2

helpmewin — Mon, 06 May 2013 23:54:27 GMT

i say annuity i'm not willing to lose half of a Jackpot just to have a few xtra bucks now

Reply #1

sully16 — Mon, 06 May 2013 23:48:02 GMT

Any age, always get a lump sum.

What Age is "too old" to even consider 20-30 year PB or MM jackpot payments?

Artist77 — Mon, 06 May 2013 23:45:56 GMT

I know almost everyone takes the lump sum and with not knowing many things in the future, it is the most logical decision. Assuming your payments could continue for this period to your heirs if you suddenly expire, at what age would this be unreasonable to start? 40? 50