Annuities -- Then and Now

Reply #10

Redd55 — Mon, 20 Feb 2017 20:11:36 GMT

Of course. That is why there is around a 10 million dollar difference in the example I posted. Because it's the same.

Reply #9

KY Floyd — Mon, 20 Feb 2017 20:02:31 GMT

The lump sum never goes up or down. It's always exactly 100.0% of the portion of ticket sales that goes to the jackpot prize pool. The annuity for any given amount of cash is now higher.

Reply #8

Redd55 — Mon, 20 Feb 2017 18:26:14 GMT

I mis-spoke when I put annuities in the title. It is really about the lump sum and how much it has decreased each month.

Reply #7

TheGameGrl — Mon, 20 Feb 2017 17:15:08 GMT

cash is king. taxes will always increase: ergo, the annuity gets hit for such.

Take the money and run...

.....or skip....

or hop on a plane

Reply #6

ressuccess — Sun, 19 Feb 2017 14:48:08 GMT

Wow that's a big difference. Well Mr. Freney captured the $191 million dollars Mega Millions jackpot and the cash option was at $114.1 million dollars.

Reply #5

LottoYear — Sun, 12 Feb 2017 20:14:23 GMT

Yeah, I noticed that Powerballl and Mega Millions are now only paying about 60% for the cash option. There are some state lotteries like Washington that only pay 50% on their six-number games. When playing for smaller jackpots, do the math and know the odds to figure out whether the game is worth your time and money.

Reply #4

Sunglasses — Thu, 26 Jan 2017 17:23:11 GMT

Annuities from my website, I removed some data and text.

1 55.415,31 10.000,00 45.415,31 954.584,69

2 55.415,31 9.545,85 45.869,47 908.715,22

3 55.415,31 9.087,15 46.328,16 862.387,05

4 55.415,31 8.623,87 46.791,44 815.595,61

...

16 55.415,31 2.689,54 52.725,77 216.228,65

17 55.415,31 2.162,29 53.253,03 162.975,62

18 55.415,31 1.629,76 53.785,56 109.190,06

19 55.415,31 1.091,90 54.323,41 54.866,65

20 55.415,31 548,67 54.866,65 0,00

Reply #3

Raven62 — Thu, 26 Jan 2017 11:20:03 GMT

Time Value of Money (TVM

Reply #2

KY Floyd — Thu, 26 Jan 2017 06:49:40 GMT

Those numbers are strictly about slightly higher interest rates resulting in less cash funding a bigger annuity.

Right now the top bracket for 2017 federal income tax is still at 39.6%, but trump is proposing a top bracket of 33%. 2016 taxes would have left the winner of $123.2 million with $74.4 million. A 2017 rate of 33% would leave the winner of $113.5 million with $76.1 million. Details of state deductions and federal taxes may mean that the smaller cash value wouldn't really put more in... [ More ]

Reply #1

wander73 — Thu, 26 Jan 2017 03:05:57 GMT

Principal and interest. Taxes. Things change per year

Annuities -- Then and Now

Redd55 — Thu, 26 Jan 2017 00:13:34 GMT

Mega Millions Jackpot for Fri, May 20, 2016

$187,000,000

$123,200,000

Mega Millions Jackpot for Fri, Jan 27, 2017

$188,000,000

$113,600,000

That's a big difference