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Jackpot : Annuity vs cash value
There is a discussion in the MM thread about taking the annuity vs cash value.
I thought taking the cash value is 100% the right decision. Long term investments will almost always beat the return of a annuity right?
Aug 8, 2023, 10:58 am - JWBlue - Jackpot Games Forum
$1.04 BILLION: Massive Powerball jackpot increases again
It's not greedy lottery administrators taking 50%.
Watch this video produced by Lottery Post to find out more about Annuity vs Cash Value.
Oct 1, 2023, 7:03 pm - TheMeatman2005 - Lottery News
California Lottery announces group as winners of historic $1.765 billion Powerball jackpot
Cash value has been less than 50% for a while .. since interest rates started shooting up (big change from the COVID days of 83% :)
But the hight interest rates is why the jackpots are so high (the return on annuity investments is earning a lot more.. 30 yr government bonds are over 4% now vs not much more than 2% during COVID
Mar 16, 2024, 6:28 am - kao1632 - Lottery News
This question might have been answered
So, lets say someone on here hits, lets say I hit not the jackpot, I hit only 5 numbers on megamillions. Yes keep laughing. I see that most people will take the cash vs annuity unless they want to hide something. it depends. I know what usamega says, might have to look.
I might have to ask another accountant I know or someone else.
What is the remainder after taxes from that state are taken out?
So the payment amt is $1 million. ( multiplier 2 3 4 5)
i'm not ta
Jul 24, 2023, 2:53 pm - wander73 - Jackpot Games Forum