OH NO!!

Reply #15

CASH Only — Sat, 10 May 2003 12:32:12 GMT

Todd:If someone wins in a game where the choice is made WHEN you play (eg NY) and they chose annuity, it's because IMO they didn't think ahead, they made their choice on paper instead of reality, etc.If someone wins, and chooses annuity AFTER they won (assuming they made the choice in the 60-day window), at least they were able to let reality sink in (although it's very possible the winners received bad advice).

Reply #14

Todd — Sat, 10 May 2003 12:09:23 GMT

Quote: Originally posted by smd173 on May 10, 2003 ...Why not do an analysis based on that, rather than coming up with lame reason for why they should take annuity over lump sum?Agreed ... for those who prefer annuity, this is actually one of those situations that could go either way. Given their ages, I'm sure there are a lot of people who would take the annuity. I know Cash Only will disagree (and I'd take the lump-sum myself), but I'd have nothing bad to say about anyone who took the annuit... [ More ]

Reply #13

smd173 — Sat, 10 May 2003 11:45:18 GMT

Quote: Originally posted by AnnuityIsGreat on May 09, 2003 If they take lump dump cash, they need to worry about:1) relatives and friends coming out of every corner of the woods for a piece2) possible kiddnapping and life threatswhat a mistake to choose lump dump.Give me a break! $3.5 Mil a year is enough for #1 and #2 to happen.Now you always say that taking the Annuity depends on a persons age and situation. We know that the couple is 38 and 36 with 2 children. Why not do an analysis based o... [ More ]

Reply #12

rundown99 — Sat, 10 May 2003 00:52:51 GMT

They'll take the cash. Because you'll never know, they might not make it through those 30 years. So they might as well take the cash. Plus, you have more control with your money if you take the lump sum. And who knows what the inflation rates will be in 10 years. At least you can fight the inflation with interest rates from Treasury bills and tax-free municipal bonds. If the jackpot was only 10 million or 12 million, then MAYBE...... I would somewhat consider taking annuity. But if the ja... [ More ]

Reply #11

AnnuityIsGreat — Fri, 09 May 2003 18:15:16 GMT

Not really! They'd rather take the 46M over 3.5M

Reply #10

CASH Only — Fri, 09 May 2003 18:13:56 GMT

AIG:Same thing if they chose the local (annuity)instead of the express (cash).

Reply #9

AnnuityIsGreat — Fri, 09 May 2003 18:11:35 GMT

If they take lump dump cash, they need to worry about:1) relatives and friends coming out of every corner of the woods for a piece2) possible kiddnapping and life threatswhat a mistake to choose lump dump.

Reply #8

CASH Only — Fri, 09 May 2003 09:50:19 GMT

The couple has two children (read: possible ESTATE TAX consequences if the choice is annuity).

Reply #7

RJOh — Fri, 09 May 2003 01:09:47 GMT

If you didn't get a chance to play and lose this time, there will be other jackpots, althought I was waiting for the jackpot to reach $100M, now $87M doesn't sound bad. I may play a few numbers in MM $20M game today.RJOh

Reply #6

CASH Only — Fri, 09 May 2003 00:08:23 GMT

My cash is on them taking the cash.

Reply #5

wpb — Thu, 08 May 2003 23:52:38 GMT

The wife's age is 36 and they will give an interview on the 11pm news. Boy, I wish I had played

Reply #4

Thomas Covenant — Thu, 08 May 2003 19:41:31 GMT

Nobody wanted the Hornets. The new team got everything the hornets wanted, and more.

Reply #3

CASH Only — Thu, 08 May 2003 19:13:08 GMT

Tom:Women often don't give their ages. I thought you knew that.The money didn't keep the Hornets (actually I thought their uniforms were ugly.) How come the Montreal Expos aren't looking at Charlotte

Reply #2

Thomas Covenant — Thu, 08 May 2003 19:07:43 GMT

The husband is 38, I don't know what the woman's age is.The state may not have lottery experience, but Charlotte is a big money town.

Reply #1

CASH Only — Thu, 08 May 2003 18:59:09 GMT

Tom:I would have to think that they most likely will opt for lump sum. They'll have a 60-day window. Did they give their ages?That's why NY needs to allow players to choose AFTER they win (even MM players in NY have to choose ahead of time.)The fact that the couple lives in a non-lottery state adds an intersting angle (would the financial/legal/tax advisers they hire have any experience with lottery winners?).

OH NO!!

Thomas Covenant — Thu, 08 May 2003 18:49:30 GMT

>Lottery spokeswoman Tara Robertson said the couple had not decided which payment option they would take.<Cash Only, you had better get on the phone and tell them what's what.