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Option for annuity vs. lump sum on lesser prizes?Reply
https://www.lotterypost.com/search?q=annuity+vs.+lump First always talk with tax professional. For STATE jackpot lotteries and scratchers, it is a tossup. Unless your yearly payment is 1MIll+, lump is usually best for tax reasons. Smaller amounts, tax difference savings will probably be better then (guaranteed) investment income to get annuity. Also need to consider, is it enough to quit job and retire, your age (are you going to die before it cash it all), do you have massive debt that ne
Sep 20, 2018, 11:28 am - Sarge0202 - Lottery Discussion Forum

Hi - I'm back after 8 yearsReply
Hey there derek7! Well computerized drawings are still a nemesis - Illinois did it for their draw games and really got downgraded on the LP report card. With a few current scandals you can't blame anybody for not liking them. For the most part the most common thread topics in Discussions are cash vs annuity, QP vs self picks, the regular frenzy when a jackpot gets huge (cars, mansions, etc...), Steve Player, Gail Howard, Richard Lustig, etc...etc...
Feb 10, 2016, 10:09 am - Coin Toss - Lottery Discussion Forum

Wild Thought, Lottery Post Having a Convention?Reply
This idea of a convention comes up every so often. People here can't agree on quick picks vs self picks, cash option vs annuity, and holding or not holding a news conference if given the choice (anonymous if allowed, or not). You think they'd agree on a location for such a convention?
Dec 6, 2014, 8:51 pm - Coin Toss - Lottery Discussion Forum

Why not choose the annuity?Reply
Thanks Stack I agree, most folks may not realize that a 100 million annuity does not = 100 million cleared after taxes over 30 yrs.... not even close. I was referring to purchasing power in 2044 with 4 million... 1 dollar today being worth half that or less in 2044 type of thing... maybe I got it backwards I'm sure most financial advisers would definitely recommend cash as they stand to make much more money vs managing the trappings of an annuity for their client. Hopefully that good ad
Aug 3, 2014, 10:29 pm - Romancandle - Lottery Discussion Forum

Georgia's "Win For Life" game endingReply
Correction. I had the extra ball as well so I think I won $30 x 5 for $150. This is the most I ever won. I had 1-11-14-16-26-33. I may have to post a pic of this ticket. PS: They also changed the number of winning tickets you can have for the JP. It used to be up to 5, now it is 2 max. for a max prize of 2 million if you take the lump sum vs the annuity. This is new info. *Top-prize winners in Win for Life can select the annuity of $1,000 per week for life or a one-time cash option of $1 m
Feb 23, 2014, 8:32 am - Artist77 - Lottery Discussion Forum

My 1st post interesting, but also depressingReply
Good post, Shelby Mustang, thanls for posting it. In the threads here about taking the annuity vs the cash option things like this are discussed and it's hard to convince people that what may sound like an annual fortune now may not by a house - or a car! - by the time the last check is received. In the early 1970's Mercury sold an import car called the Capri and for several years running it was advertised as The sexy European for under $2300.
Dec 11, 2013, 5:59 pm - Coin Toss - Lottery Discussion Forum

Annuity or Lump Sum?Reply
Thanks for the reply. It's an interesting dicsussion! I'm starting my first full time job this July and I've been doing alot of reading up on retirement investing and the financial services industry. And it seems that it's hard to find a fiduciary (someone who is legally obligated to look out for your best interests instead of their own) who can really do well with your money. I agree that if you know exactly what you're doing you can be doing very welll and definitely beat the annuity.
May 14, 2013, 9:50 am - ginmqi - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
haha no if i did take the annuity i would never go to bj bluntwerth. you all make good points. and yes land would be a good investment i would probably do the warren buffet start up technique.....buy some pin ball machines!!! i searched the last time a cash vs annuity topic started it was late 2004 and it was a 1 page thread....we might beat em!!!!! good luck to all tonight i hope you all give my jackpot more money
Feb 11, 2012, 10:21 am - CreAmTheLoTTo - Lottery Discussion Forum

Lotto MaximsReply
Wasn't any need for sarcasm off or on, I'm talking eons beyond politics, I am talking lotto. Just consdier the stinger threads here on LP regarding the lottery, QP vs PP (Player Picks). Take the Illinois Pick 5 game, I use it as an example because it's drawn every day. 119 jackpots paid so far this year, 104 of the winners played a QP (includes shared jackpots). Think that convinces any of the anti-QP crowd anything? Think again. Then how about anonymous or not, annuity or cash option, et
Oct 5, 2010, 5:47 pm - Coin Toss - Lottery Discussion Forum

the "EZMONEY" pollReply
His thread says I won A $86million annuity. If you won would you say that or something like, I won the $86 million jackpot, not sure yet if I'm going to take it as an annuity or not. And no, this is not intended as another cash vs annuity discussion, I'm just talking about the wording of the title of his thread.
Aug 7, 2008, 9:46 am - Coin Toss - Lottery Discussion Forum