annuity for lazy investers i think
however people have made the case its a wise invest, i like to point out some thing
they take cash jackpot,and invest full amount tax free investment, for you collect and pay taxes on later
1 issue, they use govt bonds, aka Treasure Bonds
funny thing about a govt in 14+ trillion in debt, we have the fed reserve printing money out of Thin air, and funny thing is their buying Treasure bills, billions upon billions
its like your right hand writing a check to your left hand. so your left hand can pay for Your bills ,just you don't have money to pay for in first place.
only is n govt now insane , buying their own debt out of thin air money just made paper.
, does anyone not see a major issue with this?
anyway, funny result happens, Treasury bonds set new lows for interest rate, ya, that's what happens when us govt ups the "demand" by buying their own debt
you can now give lower rates to buyers, as you have all buyers you could ever want"your self"
as their tons of buyers demanding your "debt" aka your self.
their no need to lore buyers of debt with better returns for their money. we don't need them, anymore, we got our selfs!
its 100% crazy land up in govt funding departments "us treasury department and fed reserve"
to give you my point
the current 96 million MM Annuity, gives in cash $72,000,000 if you take cash, in others words,
$72,000,000 invested in t bills in late 2011 gives o about 96m atfer 25 years
now lets go back in time,
Mega Millions Jackpot for Mar. 28, 2006 , MM anuity 96M, cash $56,000,000
so they invested 56m cash, and got you 96m over 25 years
anyone see something here
Them investing the cash jackpot , is looking more and more retarded option.
so take the cash, learn give invests like divide stocks, aka being a owner who gets hes share of profits based on stock ever year.
or trust the us govt t bills to give you best investment. with record low rates and them buying their own debt................ do you trust someone who makes money out of thin air and then buys up their own debt in real world?
so go ahead, take the annuity. and get screwed. if you want to be lazy.
us govt bonds are worst investment on returns atm, even pre tax full amount investment can't get you more money over 20+ years of take the 35% tax hit and invest majority of it in best 5 to 10% dividend paying stocks etc over long term.