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what's better? Annuaty or Lump sum

Topic closed. 12 replies. Last post 11 years ago by acronym007.

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Dream's avatar - dragon1

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Posted: October 2, 2005, 6:54 pm - IP Logged

If you take $125M ($167M-25%) in graduated annual payments and invest all of the payments into CD at 3.7% over 29 years you would get ~$200,686,862. But if you take the lump sum and invested over 30 years at the same rate you would get ~185,363,823.41 at the end. I am not a pro , so I do not know any other factors

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    New Member

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    Posted: October 2, 2005, 7:28 pm - IP Logged

    Does someone know in what state Primeserviceticket buys the tickets, and if they choose lump-sum or annuity when they buy them?

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      USA
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      Posted: October 2, 2005, 8:04 pm - IP Logged

      We have discussed this many times here. Cash is better, if you ask the majority. Here's another important reason why we fail to mention many time in here. If you were to get a divorce or have children you ex-wife/husband could take part of anything they you receive weekly, mothly, annually, etc... They cannot take lump sum monies in most states and cases.

        bellyache's avatar - 64x64a9wg

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        Posted: October 2, 2005, 9:54 pm - IP Logged

        I would take the cash and I feel that one lump sum would work better for me. Of course everyone is different.

        Dance like no one is watching.

          dvdiva's avatar - 8ball

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          Posted: October 2, 2005, 10:24 pm - IP Logged

          Does someone know in what state Primeserviceticket buys the tickets, and if they choose lump-sum or annuity when they buy them?

          Since I would use primeticket service primarily for Euromillions it would be a moot point. Since they also state that you will be picking up the check you can opt for cash at that time in almost every state.

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            USA
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            Posted: October 2, 2005, 10:27 pm - IP Logged

            Hey dvdiva, I use them for that also. So what do we do while it's shut down? LOL

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              Morrison, IL
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              Posted: October 2, 2005, 10:31 pm - IP Logged

                Lump sum is always better

                LOTTOMIKE's avatar - cash money.jpg
                Tennessee
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                Posted: October 3, 2005, 6:37 am - IP Logged

                Lottery Post: cash vs. annuity,i did an in depth poll on this here recently.ENJOY

                  dvdiva's avatar - 8ball

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                  Posted: October 3, 2005, 12:55 pm - IP Logged

                  Hey dvdiva, I use them for that also. So what do we do while it's shut down? LOL

                  It's odd that they have the UK game but not Euromillions. Hopefully they can get that added again soon.

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                    Posted: October 3, 2005, 2:02 pm - IP Logged

                    Thanks for the reply.  Before knowing about betslips, I bought tickets for euromillions through OSA when the jackpot was over 70 millions euros; later I knew my tickets started playing one month after I bought them, sadly for me, someone won euromillions when the jackpot was over 90 millions, and I never got the chance to play for the big jackpot, I still have some draws to play.

                      JADELottery's avatar - MeAtWork 03.PNG
                      The Quantum Master
                      West Concord, MN
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                      Posted: October 3, 2005, 2:07 pm - IP Logged

                      LUMP SUM

                      Presented 'AS IS' and for Entertainment Purposes Only.
                      Any gain or loss is your responsibility.
                      Use at your own risk.

                      Order is a Subset of Chaos
                      Knowledge is Beyond Belief
                      Wisdom is Not Censored
                      Douglas Paul Smallish
                      Jehocifer

                        Todd's avatar - Cylon 2.gif
                        Chief Bottle Washer
                        New Jersey
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                        May 31, 2000
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                        Posted: October 3, 2005, 2:12 pm - IP Logged

                        Thanks for the reply.  Before knowing about betslips, I bought tickets for euromillions through OSA when the jackpot was over 70 millions euros; later I knew my tickets started playing one month after I bought them, sadly for me, someone won euromillions when the jackpot was over 90 millions, and I never got the chance to play for the big jackpot, I still have some draws to play.

                        I would avoid OSA if at all possible.  A complete ripoff, IMHO, and pretty strange, as you found out.  Their prices are so expensive it's outrageous.

                         

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                          USA
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                          Posted: October 3, 2005, 2:47 pm - IP Logged

                          Todd, I respect your opinion when it comes to lottery issues more than anyone else but I have this question. If Prime Ticket Service is not offering the lotto you want to play, isn't OSA better than nothing? It's good in fact that they have had a paid their winners, at least they honest, no? I personally only use OSA for lotto's that PTS doesn't offer but if PTS started to offer them tomorrow I would switch immediately. If there is a better service than OSA but not as good as PTS please let me know as I would be interested. Thanks