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Cash Vs Annuity Payments

Topic closed. 98 replies. Last post 5 years ago by rdgrnr.

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well..... Would you rather take the payments or the cash option?..feel free to explain why....

Annuity Payments [ 13 ]  [15.12%]
Cash Option [ 73 ]  [84.88%]
Total Valid Votes [ 86 ]  
Discarded Votes [ 2 ]  
Jack-C's avatar - us
San Diego, CA
United States
Member #61467
May 24, 2008
28146 Posts
Offline
Posted: February 11, 2012, 1:05 pm - IP Logged

I have lost count of how many times this has been discussed and polls taken.  It always comes out that the best option is CASH. 

    dr65's avatar - black panther.jpg
    Pennsylvania
    United States
    Member #74096
    May 2, 2009
    22848 Posts
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    Posted: February 11, 2012, 1:08 pm - IP Logged

    I have lost count of how many times this has been discussed and polls taken.  It always comes out that the best option is CASH. 

    I Agree!

      dr65's avatar - black panther.jpg
      Pennsylvania
      United States
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      May 2, 2009
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      Posted: February 11, 2012, 1:10 pm - IP Logged

                            I Agree! A lotta property, away from big cities.

      Yes, somewhere nice, quiet, isolated and all trees, land, animals and God's great big beautiful sky for miles around. Perfect.

        mjwinsmith's avatar - moon

        United States
        Member #391
        June 8, 2002
        16056 Posts
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        Posted: February 11, 2012, 1:14 pm - IP Logged

        I would take the Annuity Option, (1) I would collect the $310,000,000.00 over the term of the payout, talking about tonights Power Ball Jackpot for Saturday 2/11/2012.

        (2) I would get an annual income for the rest of my life expectancy, and should I die before that time the remainder can always go to family.

        Everybody has their own choice, for their own reason and to that I say to each his own.

        Good luck eveybody.

         -Michael

        "Don't be a Dummy, Make 'Dat Money"

        Mjwinsmith's Blog Page:   http://blogs.lotterypost.com/mjwinsmith/

        "How to Play My Pick-4 System": https://www.lotterypost.com/thread/306450

          rdgrnr's avatar - walt
          Way back up in them dadgum hills, son!
          United States
          Member #73904
          April 28, 2009
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          Posted: February 11, 2012, 1:49 pm - IP Logged

          I have lost count of how many times this has been discussed and polls taken.  It always comes out that the best option is CASH. 

          We get new members everyday who might like to discuss it and vote on it too, Jack.


                                                       
                               
                                                   

           

           

           

           

                                                                                                             

          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                      --Edmund Burke

           

           

            mjwinsmith's avatar - moon

            United States
            Member #391
            June 8, 2002
            16056 Posts
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            Posted: February 11, 2012, 2:32 pm - IP Logged

            We get new members everyday who might like to discuss it and vote on it too, Jack.

            I Agree!

            US Flag

            "Don't be a Dummy, Make 'Dat Money"

            Mjwinsmith's Blog Page:   http://blogs.lotterypost.com/mjwinsmith/

            "How to Play My Pick-4 System": https://www.lotterypost.com/thread/306450

              Avatar
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              Phoenix
              United States
              Member #122948
              February 10, 2012
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              Posted: February 11, 2012, 3:06 pm - IP Logged

              ohemgee so i clicked the first link in the search results and thought it was the only one lol so i get stupid cloudy most of the time shoot me.....LOL but ya should have a daily poll about it

                mitch13's avatar - darksword
                northwood,ohio
                United States
                Member #90211
                April 23, 2010
                4585 Posts
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                Posted: February 11, 2012, 3:16 pm - IP Logged

                I Agree!  Either way i could deal with one or the other. There's a saying if you cant handle money when you have none , when you get some you still don't know how to handle it when you get some,LOL . Look around and you will see what i mean. Some people get money and they blow it right know. Ex tax time. Mitch

                                                                  I have fought a good fight, I have finished my course, I have kept the faith

                                                                                                                                 If i ever do get this game figured out we all will make money.

                  Stormiela's avatar - 170px 051Dugtrio.png
                  Phoenix, AZ
                  United States
                  Member #120254
                  December 14, 2011
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                  Posted: February 11, 2012, 3:45 pm - IP Logged

                  I'd take the money and run!

                    Coin Toss's avatar - shape barbed.jpg
                    Zeta Reticuli Star System
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                    January 17, 2006
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                    Posted: February 11, 2012, 5:19 pm - IP Logged

                    ohemgee so i clicked the first link in the search results and thought it was the only one lol so i get stupid cloudy most of the time shoot me.....LOL but ya should have a daily poll about it

                    Unless someone recruited a bunch of people the skew the results, do you think a daily poll would come out any different than the consensus thus far?

                    mjwinsmith,

                    Well, there is 12-21-2012 to get past,you know, the Mayan stuff.

                    "I'll take the annuity"

                    "Are you sure, the asteroid is going to impact within 24 hours"

                    ____________________________________________________

                    "If I knew the world was going to end tomorrow, I'd go plant a tree

                    -Martin Luther

                    He should have been sent right to a rubber room for saying that!

                    Jester Laugh

                    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                    Lep

                    There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                      ONEDAY's avatar - DiscoBallGlowing
                      OHIO
                      United States
                      Member #5328
                      June 30, 2004
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                      Posted: February 11, 2012, 5:32 pm - IP Logged

                      cashClown

                      have a great winning day!

                        savagegoose's avatar - ProfilePho
                        adelaide sa
                        Australia
                        Member #37136
                        April 11, 2006
                        3300 Posts
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                        Posted: February 11, 2012, 6:46 pm - IP Logged

                        share market has gona gang busters around here lately, and %10 div yeild is no longer avail.

                        my nice easy math of 10% earning , %7 after tax is all messed with.

                         

                        but a 5.2% return after tax on 200 mill is 10 mill a year, thats %8 div minis 35% tax,.

                        10 mil is after taxes are out,. just buy a %8 yield stock, in a company name., pay yourself a wage as  manager,. and any spending money you dopnt pay your self pays company tax rates not personal.

                        but ifyou wanted the pay could be $10 mill a year.  no annuity, no end in 25 years. for ever.

                        2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                        keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297


                          United States
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                          May 25, 2011
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                          Posted: February 11, 2012, 6:51 pm - IP Logged

                          I'd take the money and run!

                          I Agree!

                            ameriken's avatar - 33ojew2
                            Denver, Co
                            United States
                            Member #103046
                            December 29, 2010
                            546 Posts
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                            Posted: February 11, 2012, 7:03 pm - IP Logged

                            On smaller prizes, of under $1,000,000, I would take the cash (should I be that lucky).

                            On $1,000,000 to maybe $4,000,000 I would likely take the annuity. With the Colorado Lotto, the cash amount is 1/2 the jackpot, so a $1,000,000 jackpot is reduced to $500,000 cash. Then if you assume fed and state taxes eat another $200,000 then you're down to $300,000 or so. In that case, I'd rather just take the annuity. A $1,000,000 win pays $25,000 for the first year then increases 3.7% every year for 25 years.

                            If I were so lucky to win over $4,000,000, I most definitely would take cash.

                            Give someone a fish and feed them for a day. Teach them to use the internet and they won't bother you for weeks. 

                              haymaker's avatar - Lottery-012.jpg
                              Egg Harbor twp.south Jersey shore
                              United States
                              Member #112968
                              June 29, 2011
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                              Posted: February 11, 2012, 8:11 pm - IP Logged

                              just voted cash, you can always buy your own annuity,

                              but i do laugh at that 1 tv comm. where they're on the bus,

                              singing like an opera. even sing along with it,

                              but that makes my dogs bark and whine LOL.

                              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.