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Do you still feel the same about Cash Option or Annuity??

Topic closed. 21 replies. Last post 8 years ago by mymonthlypicks.

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Cash Option or Annuity ..Which to choose?

Annuity [ 8 ]  [12.50%]
Cash Option [ 43 ]  [67.19%]
Don't trust the Gov't would take the money and run [ 12 ]  [18.75%]
Take Annuity if State fails ask for Bailout [ 0 ]  [0.00%]
Other [ 1 ]  [1.56%]
Head for country with Flat tax rate [ 0 ]  [0.00%]
Total Valid Votes [ 64 ]  
Discarded Votes [ 3 ]  
GamerMom's avatar - tails

United States
Member #60535
April 21, 2008
460 Posts
Offline
Posted: December 8, 2008, 9:50 pm - IP Logged

I changed my mind. Before I choose annuity because it will good way to budget my money.   I feel that obama going to raise taxes to pay for the bailout.  Now I will choose cash and move out of the country. Enjoy my life!!!!!!!

dare I ask where you will move? Please don't say Canada...

    Avatar
    Republic of Texas
    United States
    Member #57557
    January 9, 2008
    1095 Posts
    Offline
    Posted: December 8, 2008, 10:00 pm - IP Logged

    When I move, it will be to Texas.  Maybe even Mexico.  But never Canada....

    face

    singlewinnersinglewinnersinglewinner   


      United States
      Member #67042
      November 14, 2008
      72 Posts
      Offline
      Posted: December 9, 2008, 2:11 pm - IP Logged

      When I move, it will be to Texas.  Maybe even Mexico.  But never Canada....

      Whats wrong with Canada???? I wanted to move there.... never been though!  Maybe I'll visit before my mind is made up!

        Blotto's avatar - pengi
        New Member
        New Jersey
        United States
        Member #2411
        September 30, 2003
        16 Posts
        Offline
        Posted: December 9, 2008, 3:19 pm - IP Logged

        There is no one I trust more than MYSELF on this issue! Nothing would EVER change my mind that taking the cash is not the thing to do! No question about it.

          Avatar
          Republic of Texas
          United States
          Member #57557
          January 9, 2008
          1095 Posts
          Offline
          Posted: December 9, 2008, 9:41 pm - IP Logged

          Whats wrong with Canada???? I wanted to move there.... never been though!  Maybe I'll visit before my mind is made up!

          One word:  Snow.

           

          Okay, maybe two words: Ice.

           

          Well, really, make it three words: COLD!!!   Snowman

           

           

          Other than that, Canada is gorgeous.  Yes Nod

          face

          singlewinnersinglewinnersinglewinner   

            bashley572's avatar - starwars14
            West Side of Sunny Florida
            United States
            Member #55048
            September 8, 2007
            3371 Posts
            Offline
            Posted: December 9, 2008, 10:29 pm - IP Logged

            Right now is a better time than any in recent history to take the Cash Option.

            Right now you can buy a house. You can buy into the stock market at prices 30-50% off their peak. You can buy foreign currencies at 2002 levels. Even commodities are down!

            We may not be at the bottom right now, but the bottom will occur sometime within the next 6-12 months, which means you would also have plenty of time to do some research and find good investments.

            Some investments will fail, which is why you split your money up into 50 different things.

            This is the best time in the last 10 years to have 100% cash, because their are so many buying opportunities.

             

            Also, right now America is printing money like there is no tomorrow. Inflation will hit, and if you are in an annuity the value of your future earnings will be severely harmed.

            Cash up front to put into investments now, perhaps even a little bit into TIPS (Treasury Inflation-Protected Securities, is much much better than an annuity.

             

            If any of you guys win and need investment advice, I would be happy to help.

            I Agree!  We are at a initeresting time in history when everything is cheap.  With the cash option you will be able to buy into things for a reduced cost. 

            Money won is twice as good as money earned!

              mymonthlypicks's avatar - spider
              Virginia Beach,Va
              United States
              Member #65378
              September 25, 2008
              1180 Posts
              Offline
              Posted: December 26, 2008, 9:40 pm - IP Logged

              Considering how many jackpot winners who are broke after only a few years, annuity should be the standard payout.

              I agree then on the other hand you have to consinder your age

              If OBAMA'S The ANSWER

              How STUPID was the QUESTION?