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GuessWhat!

United States
Member #21,573
September 11, 2005
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Oct 22, 2005, 1:16 am

I Can...I WILL !!!

Annuities are for Lovers...LUMPS are for LOSERS !!!
NightTrain1234

a Powerball AND MegaMillions state!
United States
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October 20, 2005
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Oct 22, 2005, 1:45 am

Quote: Originally posted by GuessWhat! on October 22, 2005

I Can...I WILL !!!

Annuities are for Lovers...LUMPS are for LOSERS !!!

Just curious why you think taking the annuity is better than the lump sum. Based on the annuity year by year payoff on the Powerball $340 million, you wouldn't match the total of the lump sum until about the 19th year. For an old man like me, I don't know I am going to live that long anyway and besides, screw my descendants! ;-)
GuessWhat!

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Oct 22, 2005, 2:13 am

Screwing your descendants is one thing, what about the common good ?

You say you are old, so answer these Q's:

(1) How much do you really need ?

(2) How much do you really want ?

(3) How much do you think you can possibly piss away before you feel really stupid for having done so ?

(4) Do you want to leave SOMETHING to a worthy cause or just give it BACK to Uncle Sam (remember where it came from) ?

(5) Who would you rather screw DEEPER: Your descendants or Uncle Sam ?

When you choose cash, you choose to FORFEIT a TAX FREE opportunity to invest in a RISK FREE vehicle with a GUARANTEED return.

When will you people ever learn ??!!??

Annuities are for Lovers...Lumps are for LOSERS !!!
shalini

new delhi
India
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September 20, 2005
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Oct 22, 2005, 3:23 am

thank god for the rollover...someone else is going to make it real big again...please let it be one of us LP members
CASH Only

United States
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June 5, 2002
11,296 Posts
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Oct 22, 2005, 10:15 am

Guess:

I'm glad you didn't hit Powerball the other night. Cash is king!
GuessWhat!

United States
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September 11, 2005
141 Posts
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Oct 22, 2005, 4:26 pm

I'm glad you did not win either.

One less fool shooting his wad and turning himself into cheap fodder for the media.

Annuities are for Lovers...Lumps are for LOSERS !!!
Chewie

Sparta, NJ
United States
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July 9, 2005
1,977 Posts
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Oct 22, 2005, 5:07 pm

Quote: Originally posted by GuessWhat! on October 22, 2005

Screwing your descendants is one thing, what about the common good ?

You say you are old, so answer these Q's:

(1) How much do you really need ?

(2) How much do you really want ?

(3) How much do you think you can possibly piss away before you feel really stupid for having done so ?

(4) Do you want to leave SOMETHING to a worthy cause or just give it BACK to Uncle Sam (remember where it came from) ?

(5) Who would you rather screw DEEPER: Your descendants or Uncle Sam ?

When you choose cash, you choose to FORFEIT a TAX FREE opportunity to invest in a RISK FREE vehicle with a GUARANTEED return.

When will you people ever learn ??!!??

Annuities are for Lovers...Lumps are for LOSERS !!!

Trust me, I know those pesky little Constitutional Ammendments should never have been written, but life is full of little hardships. I guess, until freedom of thought is abolished, you'll just have to accept dissent. Keep up the loving attitude. Above all, keep smiling, and things will get better.

|||::> *'`*:-.,_,.-:*''*:--->>> Chewie <<<---.*''*:-.,_,.-:*''* <:::|||

I only trust myself - and that's a questionable choice
bellyache

United States
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March 18, 2005
2,060 Posts
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Oct 22, 2005, 7:03 pm

When will we learn? Hmm, maybe more people would be receptive to you if you weren't calling the people who choose Cash over Annuities losers. That seems so...childish.
rlevins

United States
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October 16, 2005
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Oct 22, 2005, 9:45 pm

There is no universal and clear answer to question of Annuity or Cash. The answer is that it depends and varies from person to person and every one has right to say how and what he/she feels as long as it does not offend others. But the real answer is that both the answers are correct in their own way.

Annuity is good for

1)The person just does not want to worry about management of money and he has various other activities which he/she thinks are better for him and does not want to spend time on the management of free money that he/she got. They just want to have fun for next 25 to 30 years either for themselves and their family.

2)The person is dumb or shall I say not so smart or below average, so he does not want to get involved in money management and he plays safest game for next 25 to 30 years of pleasure.

Cash is good for

1)The person is ready to take responsibility and spend some time in money management considering that he has no other work to do other than having fun and managing money so that he and his coming generations are set for a very very long time.

2)The person is smart and above average and knows how to mange money and make his fotune even bigger and bigger and knows that winning was the first push to jump start his and descendant’s safe future.

Both are right because it is individual who decides what to do and no one else can tell him what to do and what not to do, but some do take advice and some do not. And it is ok for both based on their long term goals.
RJOh

100

mid-Ohio
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March 24, 2001
20,272 Posts
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Oct 22, 2005, 10:32 pm

People who are offended by what others do with their lottery winnings deserve to be offended because they are just nosey people sticking their nose into someone else's business.

* you don't need to buy every combination, just the winning ones *
GuessWhat!

United States
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September 11, 2005
141 Posts
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Oct 22, 2005, 11:10 pm

Let's see... What else Cash is good for

TAXES, ex-wives, delinquent child support, cocaine, gambling...O my; did I say gambling ?

WELL Well well...I suppose it does NOT really matter just how good you are with your investments. A calculated risk is still a RISK and a guaranteed return is ALWAYS GUARANTEED !!!

By the by; have you figured out a way to beat the tax HIT you will take OFF the TOP for the privlege of assuming an unnecessary risk ? No matter how well you do with cash you are GUARANTEED two things: You will always be in a WORSE TAX POSITION as compared to the annuity. Your risk profile will always be higher.

Good luck winning it. (just DUMB luck actually)

Good skills keeping it. (THIS you DO need)

Annuities are for Lovers...Lumps are for....the rest of YOU !!!
dvdiva

United States
Member #2,338
September 17, 2003
2,063 Posts
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Oct 22, 2005, 11:58 pm

The fortune 500 list isn't made up of people looking for the equvalent of a high end welfare check. Nothing is really risk free in life. Taxes also will go up. If you think they will go down than an annuity might be OK but with the baby boomers retiring that would be even less likely than a MM hit. Also if you die the annuity would be hit with a death tax if it's still around for it's cash value. Unless of course you had taken cash and placed it in international accounts. Also don't play games in Europe or Canada since they are smart enought not even to have an annuity as an option. It's strictly cash only for the prize.
emilyg

50

United States
Member #14
November 9, 2001
31,614 Posts
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Oct 23, 2005, 12:06 am

Quote: Originally posted by RJOh on October 22, 2005

People who are offended by what others do with their lottery winnings deserve to be offended because they are just nosey people sticking their nose into someone else's business.

YES!!!

love to nibble those micey feet.
TheGameGrl

A long and winding road
United States
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June 10, 2005
6,680 Posts
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Oct 23, 2005, 1:33 am

To: GuessWhat!

Welcome to the board.

Fix the grammatical errors. It's difficult to read the rantings and in the process take you seriously.

Count your smiles.
shalini

new delhi
India
Member #22,144
September 20, 2005
174 Posts
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Oct 23, 2005, 3:10 am

Quote: Originally posted by emilyg on October 23, 2005

Quote: Originally posted by RJOh on October 22, 2005

People who are offended by what others do with their lottery winnings deserve to be offended because they are just nosey people sticking their nose into someone else's business.

YES!!!

Couldn't agree more.

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