Mega Millions $241mil Cash or AnnuityPrev Topic Next Topic

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Would you choose the Case or Annuity

$170mil Cash Option

[ 25 ]

[ 80.7% ]

$7mil+/year Approx. Annuity

[ 6 ]

[ 19.4% ]

Total valid votes

[ 31 ]

Discarded votes

[ 1 ]

truewinner76

lakewood
United States
Member #113,649
July 13, 2011
50 Posts
Offline

Mar 18, 2012, 11:15 am

If you're the lucky winner of the $241mil Mega Millions jackpot on Tuesday which payout would you take? With the amount of cash that the Annuity would payout every year makes this kind of a tough decision for me.. which would you choose.
CDanaT

Central TN
United States
Member #121,187
January 4, 2012
7,769 Posts
Offline

Mar 18, 2012, 4:04 pm

Cash $$$$$$$$ rules !...The one with the most toys in the end wins !

Si vis pacem, para bellum.
dallascowboyfan

Oklahoma
United States
Member #82,389
November 12, 2009
6,374 Posts
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Mar 18, 2012, 7:33 pm

Cold hard cash baby........
joshuacloak

United States
Member #32,536
February 12, 2006
711 Posts
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Mar 19, 2012, 2:12 pm

current us debt is over 15 trillion

and their adding to debt by trillions ever year now

how do think their going to pay for this

i give u a hint,obama and all dems want 241m annuity to pay more then 35%, they waNT more!....

BOTH sides are big spenders, american is NOT giving up its spend happy ways with dems or reps, only ron pual was hope to change things,and hes not going to win with idiots in both majority of putting people in charge "the blind leading the blind" or in this case, the stupid majority electing the stupid as their leaders/

onless they plan to fire whole sections of govt departments,and cut aid to other nations, and just total spending cutback across all govt like u never seen before in history, , debt will go up and someone got to pay for it

"hint the poor can't so guest who gets the bill of stupid mass's bad habits? yup u the new rich guy does.

so ofc, tax's have to be high, and with never ending debt hole ,always getting deeper. i suggest u take the money all up front./

i take cash now,and run FAR, far away form usa govt tax's, let them tax it at 35% now,and get out of town with it. so they can never touch it again

btw, annuity, is just a lazy person way to invest is my honest belief, as their better ways to make money then us t bills "how the lottery invests your cash"

, their lots of self made billionaires, that use Stock dividends, as their top way of creating more wealth ,and tax rate on them are super low,n ational rate max is 15% on dividends , atm compared to 35% "income" tax rate. aka ceo pay etc/

ether way, very rich don't have a income taxed at 35%, ,they have dividends, take the hint,study up on it,very rich stay rich, invest it smart

even if take the annuity,and be lazy option, reinvest cash with max returns ever year u get paid more, ,and make sure govt gets less % of money ever time u make more ,these are idiots that don't deserve the cash. as its black hole of wasteful spending.

One tequila, two tequila, three tequila, floor.
RJOh

100

mid-Ohio
United States
Member #9
March 24, 2001
20,272 Posts
Offline

Mar 19, 2012, 2:46 pm

At my age I probably wouldn't be around to collect all 26 annuity payments but I would be happy collecting $7M+ annually the rest of my life and let the relatives fight over what's left when I'm gone. I wouldn't want to waste my time listening to a bunch of sleek and expensive investment consultants.

* you don't need to buy every combination, just the winning ones *
joshuacloak

United States
Member #32,536
February 12, 2006
711 Posts
Offline

Mar 19, 2012, 2:54 pm

or u could take it all up front,put it all in a trust RJOh

and invest it in divindend paying stocks

think microsoft. etc,

and when u die, really screw with them by going

, u can't ever tocuh the stocks them self, this is for family empire down the road.

u can only get part of divindend payments in cash ever time, that is the % that's not auto reinvested into more stocks

aka u force them to be wealthy ,but can't touch it or destroy it, , they only get checks ever 4 times a year LOL. that keep relatives in their place. so u can rofl at them in death, knowing your great great grind kids are set,and their parents are screwed out of millions but not a good life :P

One tequila, two tequila, three tequila, floor.
Stack47

Kentucky
United States
Member #32,651
February 14, 2006
10,301 Posts
Offline

Mar 19, 2012, 4:40 pm

Quote: Originally posted by truewinner76 on Mar 18, 2012
If you're the lucky winner of the $241mil Mega Millions jackpot on Tuesday which payout would you take? With the amount of cash that the Annuity would payout every year makes this kind of a tough decision for me.. which would you choose.

There are companies that offer to make cash settlements if players decide on the annuity but in five years "need their cash now". None of them probably have the $180 million plus needed to buy a remaining 21 year annuity or would want to tie up that much money for that long; not with the current interests rates.

Right now most financial planners would suggest taking the cash and wait until things open up and then suggest a plan of investment that could easily exceed the 26 yearly annuity payment. A 42% total interest return (1.6%) over 26 years isn't much to write home about; not when you can double your money in 10 years with a 7.5% average interest rate.
weshar75

Mcminnville, Oregon
United States
Member #3,013
December 13, 2003
6,173 Posts
Offline

Mar 19, 2012, 5:54 pm

I think I could live off the $85 million. Yes! That would be awesome!-weshar75
mediabrat

upstate NY
United States
Member #108,786
March 31, 2011
549 Posts
Offline

Mar 19, 2012, 8:43 pm

Who's to say you can't take the annuity and invest what's left over after each year? Not everyone intends to blow out tens of millions of dollars at once and would need the cash option.

And please don't throw the taxes argument at me; not everyone agrees with it and not everyone even cares.
tntea

50

United States
Member #5,344
June 30, 2004
23,639 Posts
Offline

Mar 20, 2012, 4:51 pm

When I played my numbers yesterday, I allowed my nine year old grandson to pick some numbers on a play slip. He was suppose to use one box, but he filled in the whole ticket. I went ahead and paid $5 for his ticket. I showed it to him and he asked if he won.... lol I told him the drawing was on Tuesday and we would have to wait and see. He said, "Ok" Then he asked how much could he win.. I told him $240 Million.. His reply, "Do I have to share it?" I laughed and told him we would discuss that when he won.. The customers in the store got a big laugh.

He doesn't really have the concept of what a Million is much less 240 of them..

OLD/Vtrac Lottery Bible Double Warnings TN F34/F44
maximumfun

United States
Member #124,610
March 16, 2012
3,733 Posts
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Mar 20, 2012, 4:53 pm

Cash - I will take my win in cash thank you!
CajunWin4

100

Louisiana
United States
Member #90,212
April 24, 2010
15,355 Posts
Offline

Mar 20, 2012, 5:06 pm

Quote: Originally posted by maximumfun on Mar 20, 2012
Cash - I will take my win in cash thank you!

Cash Only !!! The Annuity is to much of a gamble ...

Chasing Maverick's ! Win Big & Win Often ...
Masone

United States
Member #124,808
March 20, 2012
219 Posts
Offline

Mar 20, 2012, 7:18 pm

I would take the cash option. Make all the big money purchases in the beginning. Buy a mansion, give some to my family, buy a few cars, put about 15 million aside for business venturing, and then put the rest in the bank and live off the interest.
lele100

Saint Louis MO
United States
Member #110,749
May 11, 2011
2,650 Posts
Offline

Mar 20, 2012, 8:04 pm

Cash is King!

lele100

Good Luck!!

Remember to flip 6's 9's, mirror front and end #'s, and do front/back3 for a hit!
iGlenn

United States
Member #61,230
May 16, 2008
126 Posts
Offline

Mar 20, 2012, 10:32 pm

With cash you make your own decisions on how you invest the winnings.

With the annuity the government makes that decision for you.

With that said, I'll take the cash.

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