RE the Florida Lotto story on front page

Reply #4

CASH Only — Wed, 14 Aug 2002 21:43:59 GMT

She should have remembered to check her ticket(s) ASAP after the drawing. Her heirs will wish she claimed her ticket RIGHT AWAY assuming she would have chosen cash.

Reply #3

visiondude — Wed, 14 Aug 2002 20:07:36 GMT

for the lady , $364 thousand bones is way better than nothing no matter if she lived only one day after receiving her check (would have been better if she lived at least a month lol). not true for the heirs though. they are going to wish she had never won. that will be one of life's little boat anchor . to them, nothing would have been better than something ........visiondude

Reply #2

CASH Only — Tue, 13 Aug 2002 12:58:06 GMT

RJOh: Assuming the woman would have preferred the lump sum, she may have not have known about the 60-day period in FL to decide on cash or annuity. If that's the case, she learned a hard lesson. If she dies early in the 30-year period, her heirs MIGHT go into debt paying inheritance taxes on the winnings (I think she's NOT married, BTW).

Reply #1

RJOh — Tue, 13 Aug 2002 12:50:56 GMT

Where did you get your smarts from? How do figure that nothing is better than $364,000.00 per year for 30 yrs? It might have been better to get the cash value, but it's hard for me to figure how nothing would have been even better. I've matched 5 of 6 in the Ohio lottery for $1,500 and I thought that was better than nothing.RJOh

RE the Florida Lotto story on front page

CASH Only — Tue, 13 Aug 2002 11:36:12 GMT

If you buy tickets where the cash/annuity choice is made AFTER you win, it is VERY IMPORTANT that you check your tickets ASAP so the cash option can still be exercised (you lose the choice after 60 days). It might be better if the woman never found her ticket, and the $5 million or so cash value went back into the jackpot pool. What if the woman drops dead in the next few years