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Cash or Annunity and why

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

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Belle Fourche , South Dakota
United States
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October 30, 2005
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Posted: November 11, 2005, 11:15 pm - IP Logged

Many a debate as which is best , explain your pro's and con's in each -- You just won $ 20 million Lottery cash value is 9.4 million and after that minus your state and federal tax after that, how do you spend and invest, Cash _Annunity or just a whole bunch of  cold Corona's and let the world  go by and not worry?

    emilyg's avatar - cat anm.gif

    United States
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    Posted: November 11, 2005, 11:22 pm - IP Logged

    do a search - this topic has been done many times.

    love to nibble those micey feet.

     

                                 

      LOTTOMIKE's avatar - cash money.jpg
      Tennessee
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      October 15, 2004
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      Posted: November 12, 2005, 3:23 am - IP Logged

      http://www.lotterypost.com/thread/107883?q=cash+vs%2E+annuity
      look for cash vs. annuity.i got over 200 replies on this.......

        sirbrad's avatar - Lottery-062.jpg
        PA
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        Posted: November 12, 2005, 4:36 am - IP Logged

        http://www.lotterypost.com/thread/118576?q=cash

         

        Check that out as well. I would most likely choose cash, so that I could invest it the way I want. Especially anything won over 10 million or so.

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          Sparta, NJ
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          Posted: November 12, 2005, 8:42 am - IP Logged

          Simple answer.  Whichever makes the winner happiest.  The advantage of winning, your position is the only position that counts.

          Cheers

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

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

            bellyache's avatar - 64x64a9wg

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            Posted: November 12, 2005, 1:28 pm - IP Logged

            I would chooose cash. Hope that helps. =)

            Dance like no one is watching.


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              Posted: November 12, 2005, 1:31 pm - IP Logged

              Smash    I would prefer the lump sum, thank you very much!    Hyper

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                Sparta, NJ
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                Posted: November 12, 2005, 1:35 pm - IP Logged

                If I was in my 20s or 30s, and the annuity was going to pay me $10M every year, for 26 years, I would have to give that some serious thought.  As it is, I can't hardly remember my 20s, so cash is my choice.  Let the survivors fight over the remains.

                Cheers

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

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

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                  United States
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                  Posted: November 12, 2005, 1:50 pm - IP Logged

                  Cash?????

                   

                  IN A FLASH!!

                    emilyg's avatar - cat anm.gif

                    United States
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                    Posted: November 12, 2005, 1:53 pm - IP Logged

                    http://www.lotterypost.com/thread/118576?q=cash

                     

                    Check that out as well. I would most likely choose cash, so that I could invest it the way I want. Especially anything won over 10 million or so.

                    thanks

                    love to nibble those micey feet.

                     

                                                 


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                      Posted: November 12, 2005, 9:43 pm - IP Logged

                      If I ever win a jackpot, I would choose cash because annunity takes too long to invest. Although I get lots of money on payments, Uncle Sam will take away lots of money because of Income Tax.


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                        Posted: December 13, 2005, 1:38 pm - IP Logged

                        Another reason not to play MA Megabucks. Or PA Unlucky for Life.

                          sirbrad's avatar - Lottery-062.jpg
                          PA
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                          Posted: December 13, 2005, 4:16 pm - IP Logged

                          Only wanting to accept a lump sum no matter what is a very close-minded approach. It all depends on the individual's circumstances, and the size of the jackpot. Also with an annuity you do not have to worry about risky investments, or losing all your money. But if you accept cash you do, but you can also earn far more than the annuity will pay over time with interest. But then you also will have more taxes, and have to worry about all your money being insured, etc. Not to mention after a lump sum everyone knows you have A LOT of money at you disposal.