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Cash or annuity

Topic closed. 48 replies. Last post 8 years ago by psykomo.

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You want cash or annuity now

cash [ 55 ]  [77.46%]
annuity [ 16 ]  [22.54%]
Total Valid Votes [ 71 ]  
Discarded Votes [ 0 ]  
Guru101's avatar - rw6jhh
Indiana
United States
Member #48725
January 7, 2007
1953 Posts
Offline
Posted: September 18, 2008, 2:30 am - IP Logged

Cash for me.

Gonna win.Big Smile

    DC81's avatar - batman39
    MI
    United States
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    August 31, 2007
    985 Posts
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    Posted: September 18, 2008, 6:30 am - IP Logged

    Cash of course..

    You can't predict random.

      GamerMom's avatar - tails

      United States
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      April 21, 2008
      460 Posts
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      Posted: September 18, 2008, 8:27 am - IP Logged

      annuity.  I don't know what I would do with all of that $$$ at one time.  I would be afraid the banks I had it in would go under

        DC81's avatar - batman39
        MI
        United States
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        August 31, 2007
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        Posted: September 18, 2008, 9:01 am - IP Logged

        CDARS are apparently mostly offered through smaller banks and local credit unions so I doubt that would be as much of an issue. It's the big ones that are having the problems since they took a stupid, greedy risk that they're now paying for, well actually we're paying for since it's our money bailing them out.

        You can't predict random.

          Avatar
          NY
          United States
          Member #23835
          October 16, 2005
          3474 Posts
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          Posted: September 18, 2008, 1:40 pm - IP Logged

          annuity.  I don't know what I would do with all of that $$$ at one time.  I would be afraid the banks I had it in would go under

          What do you suppose would happen to your annuity if all the banks other winners are keeping their money in go under? Just because you still get your check for 500 grand every year doesn't mean things are still rosy. Have you checked on the price of a loaf of bread in Zimbabwe?

            BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
            Magnolia, Delaware
            United States
            Member #18795
            July 20, 2005
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            Posted: September 18, 2008, 4:23 pm - IP Logged

            annuity.  I don't know what I would do with all of that $$$ at one time.  I would be afraid the banks I had it in would go under

            "Heck you're worried about the banks going under". Look what just happened to AIG and the 85 billion our Government is going to bail them out with! AIG and other big insurance companies issue annuities and you think the money is safer as an annuity that's been issued from a State or Federal Government entity? Where do you think they get that annuity from they gave you! From those same insurance companies and brokerage firms that are all going under from mismanaging their clients money!  

            Here's a major blow to most who might have money in the so call safe zone of money market funds that were supposed to be safe from anything going wrong! Well think again, even those are not safe from you getting your butt handed to you because of the idiots buying all that high risk paper with your money market fund cash! Cash/aka money market funds isn't even safe any more when handled by the banks, insurance companies and the brokerage houses of wall street!

            I do advise anyone with expendable cash to take it and keep it all out of the banks and start stuffing your mattress with it! We are all going to end up upside down if we believe the banks and our own Government! I started pulling everything I had in the banks when the bailout of AIG was first put out to the public! I could careless about any and all penalties I had to pay, I took my money! I'm not going to be left with some IOU from anyone especially from the FDIC/Government or any other entity!

            Keep dreaming the impossible dream, it just may come true! Thumbs Up

              JackpotWanna's avatar - squiz

              United States
              Member #4121
              March 23, 2004
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              Posted: September 19, 2008, 12:04 pm - IP Logged

              Got to take cash.  The future looks very scary.  The US government is bailing out companies left and right.  Who is going to bail the US government? Taxpayers!!! Taking the cash and most likely going overseas.

                JAP69's avatar - alas
                South Carolina
                United States
                Member #6
                November 4, 2001
                8790 Posts
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                Posted: September 19, 2008, 12:27 pm - IP Logged

                I never knew that the feds still had a depression era fund hanging around yet.

                All political parties best work together on this deal. Or their is going to be haiedies to pay.

                http://www.msnbc.msn.com/id/26787984?GT1=43001

                WHATT

                  sirbrad's avatar - Lottery-062.jpg
                  PA
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                  October 6, 2005
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                  Posted: September 20, 2008, 4:31 am - IP Logged

                  I have always been a cash guy, but with the FDIC only insuring $100,000 and the current powerball jackpot, I would consider annuity strongly. Guaranteed check for a couple of million or so every year, and to go up, minimal investing and worries, and a TON of money later on waiting. Although I would prefer the cash if there was more insurance and security.

                    sirbrad's avatar - Lottery-062.jpg
                    PA
                    United States
                    Member #22983
                    October 6, 2005
                    2226 Posts
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                    Posted: September 20, 2008, 4:34 am - IP Logged
                    State:

                    Pennsylvania

                    Jackpot:$154,000,000
                    Federal Tax: 25%
                    State Tax:No state tax on lottery prizes
                    Report:Powerball annuity payout schedule (30 annual payments)

                     

                    YearGross PaymentFederal TaxesState TaxesNet Payment
                    1$2,745,835$686,459$0$2,059,376
                    2$2,855,669$713,917$0$2,141,752
                    3$2,969,895$742,474$0$2,227,422
                    4$3,088,691$772,173$0$2,316,518
                    5$3,212,239$803,060$0$2,409,179
                    6$3,340,728$835,182$0$2,505,546
                    7$3,474,358$868,589$0$2,605,768
                    8$3,613,332$903,333$0$2,709,999
                    9$3,757,865$939,466$0$2,818,399
                    10$3,908,180$977,045$0$2,931,135
                    11$4,064,507$1,016,127$0$3,048,380
                    12$4,227,087$1,056,772$0$3,170,315
                    13$4,396,171$1,099,043$0$3,297,128
                    14$4,572,018$1,143,004$0$3,429,013
                    15$4,754,898$1,188,725$0$3,566,174
                    16$4,945,094$1,236,274$0$3,708,821
                    17$5,142,898$1,285,724$0$3,857,173
                    18$5,348,614$1,337,153$0$4,011,460
                    19$5,562,558$1,390,640$0$4,171,919
                    20$5,785,061$1,446,265$0$4,338,796
                    21$6,016,463$1,504,116$0$4,512,347
                    22$6,257,122$1,564,280$0$4,692,841
                    23$6,507,407$1,626,852$0$4,880,555
                    24$6,767,703$1,691,926$0$5,075,777
                    25$7,038,411$1,759,603$0$5,278,808
                    26$7,319,947$1,829,987$0$5,489,961
                    27$7,612,745$1,903,186$0$5,709,559
                    28$7,917,255$1,979,314$0$5,937,941
                    29$8,233,945$2,058,486$0$6,175,459
                    30$8,563,303$2,140,826$0$6,422,477
                    Total$154,000,000$38,500,000$0$115,500,000

                    That would still be pretty sweet. Especially considering I would probably not even spend $2 million total for all my needs, and definitely not over $5,000,000 ever, even living high off the hog.

                      grengrad's avatar - nw rogue.jpg
                      Raleigh
                      United States
                      Member #49057
                      January 17, 2007
                      172 Posts
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                      Posted: September 20, 2008, 6:31 am - IP Logged

                      Federal Tax is more than 25%, that is just what they deduct. Your real taxes will be closer to 35%.

                      $2,000,000 in expenses now will be equal to spending $5,300,000 in 30 years, because of inflation. That is at an inflation rate of 3.3%. Actual inflation could be more or less.

                        DC81's avatar - batman39
                        MI
                        United States
                        Member #54830
                        August 31, 2007
                        985 Posts
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                        Posted: September 20, 2008, 4:51 pm - IP Logged

                        Not to mention the issue of taxes going up in that time.

                        You can't predict random.

                          psykomo's avatar - animal shark.jpg

                          United States
                          Member #4877
                          May 30, 2004
                          5118 Posts
                          Offline
                          Posted: September 20, 2008, 9:38 pm - IP Logged

                          With the current crisis in the money sector would you consider your options more seriously with the choices.

                          I do not know who guarantees these annuities but I would certainly find out with the mess going on now.

                          Multi millions is not chump change to lose.

                          This question has been asked before but times have changed very quickly.

                          This is a darn G@@D ???????JAP69!!!!!

                          ONLY UR STATE Lottery Director can ANSWER!!!!!!!!!!!!!!!

                          BUT & remember that dar is alway's a BUTT out dar!!!!!!

                          WHAT is this WORLD???CUM'G 22222222 with all these BONE-E-PAYOUT'$

                          SEEM's LIKE D LEADER$HIP like's to (2) COOK the B@@K's & screw USes!!

                          translation:

                          THEY TAKE UR MONEY and RUN like HELL>>>>>>>>>>>>>>>>>>>>>>!!

                          MABY you R me better take D-CASH if we R lucky enough 2 beat their>>!!

                          trillion 2 one odd's>>>>>>>>>>>>>>>>!!

                          He who control's D mony>>>>CONTROL's>!!

                          IT AUNT<<<<EASY<<<< ASK "TODD" >>>>

                          LOL

                          PSYKOMO.....

                            chasingadream's avatar - Archangel 01.jpg

                            United States
                            Member #38687
                            May 3, 2006
                            315 Posts
                            Offline
                            Posted: September 20, 2008, 10:38 pm - IP Logged

                            This is a darn G@@D ???????JAP69!!!!!

                            ONLY UR STATE Lottery Director can ANSWER!!!!!!!!!!!!!!!

                            BUT & remember that dar is alway's a BUTT out dar!!!!!!

                            WHAT is this WORLD???CUM'G 22222222 with all these BONE-E-PAYOUT'$

                            SEEM's LIKE D LEADER$HIP like's to (2) COOK the B@@K's & screw USes!!

                            translation:

                            THEY TAKE UR MONEY and RUN like HELL>>>>>>>>>>>>>>>>>>>>>>!!

                            MABY you R me better take D-CASH if we R lucky enough 2 beat their>>!!

                            trillion 2 one odd's>>>>>>>>>>>>>>>>!!

                            He who control's D mony>>>>CONTROL's>!!

                            IT AUNT<<<<EASY<<<< ASK "TODD" >>>>

                            LOL

                            PSYKOMO.....

                            am i the only one that has problem trying to figure out what this guy types.....no offense PSYKOMO

                            Oogle  waiting patiently for my jackpot


                              United States
                              Member #17555
                              June 22, 2005
                              5582 Posts
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                              Posted: September 21, 2008, 12:16 am - IP Logged

                              JP Morgan bought out one of them, I forget who.

                              This is so familiar to me....oh that's right.......JP Morgan has been, and is doing, what the money lenders did in Europe. But now they're buying up America. Control...control...control !

                              The Rothchilds were first named "Red shield". There was an actual red shield in front and top of the family house I believe in the late 1700's. They lent money to the government to help fund the european wars. They hedged both sides of the war, having a spy come back from wars telling the masses that a certain side was winning, when in fact it was the other side. After the war was over, and everyone knew who really won , the Rothchilds made a killing. Not only this, but the government had to pay them back the loan with interest.

                              Does the Federal Reserve come to mind?

                              Most of the INCOME taxes you pay goes to pay the interest on the loans the Fed loan the government.

                              For those who've been living under a rock, the Federal Reserve IS NOT part of the government. That's right.

                              The world bank isn't part of the govt.

                              The IMF isn't part of anything.

                              The illuminati isn't.

                              The Bilderberg group is not.

                              Looks like all the "Conspiracy" theories I've posted are starting to come to fruition.

                              The middle class...like I've always been saying......are being wiped out by the powers that be. Slowly, but surely.

                              I'm gonna have to say I told you so, only because it will be satisfying.....lol

                               

                              NOW THAT THIS WHOLE PACKAGE BAILOUT IS GOING TO COST ALMOST A TRILLION, THE NATIONAL DEBT HAS GONE TO 11.3 TRILLION.

                               

                               

                              Below is an article about the RED Shield family.

                               

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                              The Rothschild Family Crest Represents the New World Order Plans of International Bankers.


                              The history of the Rothschild family crest is an interesting story.

                              The Rothschild’s, of course, are one of the main 13 Illuminati families that run today’s criminal international banking ring.

                              They’re part of the Federal Reserve ownership, the fraudulent United States central bank.

                              When studying the Rothschilds, it’s a good idea to research their Rockefeller connection, which in turn shows their connections with other banking houses and families.
                              EARLY ROTHSCHILD FAMILY CREST HISTORY

                              Before bearing the name Rothschild, this family of Jewish descent went by the family symbol, as did most Jewish families in the days prior to the 16th century or so. Their symbol is the Red Shield.

                              A man named Uri Feibesch is the earliest known ancestor in the Rothschild dynasty bloodline. He lived in the early 1500’s in Frankfurt, Germany.

                              The family came from modest beginnings. Most of them were Jewish retail traders, living in Judengasse, or Jew’s Alley. Those living in Frankfurt’s Jew’s Alley endured bad living conditions.

                              Surnames weren’t used by most Jews of that time. Instead, they used a symbol for their family identities. Interestingly, when the early Rothschilds finally decided on a surname, they chose Bauer, which means farmer in German. It’s thought that these retail traders chose “farmer” in order to go unnoticed.
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                              ROTHSCHILD FAMILY CREST: HEXAGRAM

                              The Bauer name still lives on today. However, one of them, Mayer Amschel Bauer, changed his branch of the family to match the Rothschild family crest (Red Shield).

                              Mayer Amschel Bauer was a well-off coin trader in Frankfurt. A red hexagram was hung in front of the family house.

                              This offers us a view into the Rothschild occultist tendencies. The hexagram is also known as the Seal of Solomon, the Magen David, or the Star of David. It was a symbol of Moloch and Astoreth and was used in the ancient Mystery Religions. Saturn, which has been known to represent Satan was also represented by the hexagram.
                              ROTHSCHILD FAMILY CREST: RE-NAMING THE BAUER’S

                              Because the six-pointed star was so important to Mayer Amschel Bauer, he decided to change his name to Rothschild (Rot[h] – Schild means Red Shield in German). His focus was to actually associate his family with occultism and Saturn (Astoreth worship). The Astor family is another influential Illuminati family.
                              ROTHSCHILD FAMILY CREST: OCCULTISM

                              Most Jewish people, of course, don’t know about the occultist link to their Star of David. King David had nothing to do with the hexagram. His son, Solomon, did, however. Solomon worshipped the Astoreth star (also called Astarte, Chiun, Kaiwan, Remphan, and Saturn). Saturn is an important part of the Rothschild family crest/Illuminati history.

                              Many don’t know this, but Rome was first called Saturnia, the city of Saturn. Occultism relates Saturn as being evil and it was important to Mithraism and Druidism, which are both in turn important to modern-day Illuminati members like the Rothschilds. So, here we see Mayer Bauer associating the family with an occult representation of evil and Satan.
                              ROTHSCHILD FAMILY CREST: IT’S EFFECT ON YOUR LIFE

                              You can investigate the Rothschilds further by reading Satanic Rothschild Dynasty and looking at the Rothschild and World Economy relationship.

                              As you look beyond the Rothschild family crest, you realize how the Rothschilds and other banking families, through the Federal Reserve, are stealing your labor and working toward their New World Order. Consider the words of David Rockefeller:
                              “We are grateful to the Washington Post, The New York Times, Time Magazine… whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a World Government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”
                              ROTHSCHILD FAMILY CREST: HELP US HELP YOU COMBAT NWO EFFORTS

                              Our company has decided to do something about this criminal cabal of international bankers that the Rothschild family crest represents.

                              Awareness is the first step in beating powers that rely on secrecy. If an awakening of America takes place regarding these crooks, change can happen. Additionally, the law is on your side regarding the debt these banksters have you chained to. The banks create money illegally. In fact they created your credit card debt illegally.

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