|Posted: August 27, 2009, 8:48 pm - IP Logged|
What is better
with 26 year couldn't you use your mega million contract to take out loans
Why would you do that?
Why borrow when you can "Bank on yourself"? Borrow from yourself for 6% interest, then you earn 6% interest on your money instead of the bank earning 6% on your money.
Besides, when you look at the current administration, your future annutity payments might be taxed at 60% or more.
Annuity is lose lose right now.