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If you really were brave/crazy enough to choose the annunity...

Topic closed. 29 replies. Last post 4 years ago by dallascowboyfan.

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United States
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July 25, 2012
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Posted: March 17, 2013, 8:19 am - IP Logged

Do you think you or your estate would actually get the advertised payout or would it grow or do you think you'd lose money? I was looking at the jackpot analysis here and your first payment would be well over $3 million dollars and your last three are over $9 million!!!! I would be sorely tempted to take that annunity...

    Lucky4Life's avatar - batman14

    United States
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    Posted: March 17, 2013, 8:28 am - IP Logged

    I would take the annuity.  No fuss, no muss.  I want to be on a beach somewhere, not worrying about my investments.  i'm 35, a few million a year for the next 30 years is more than enough for me. I don't know what i would do with 120 million in one lump sum anyway.

      schmuckatelly's avatar - half planet.jpg
      Jacksonville, Florida
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      March 17, 2013
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      Posted: March 17, 2013, 8:42 am - IP Logged

      In today's economy I would be worried about something happening to the lottery system and not getting the full amount.

        sully16's avatar - sharan
        Ringleader
        Michigan
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        Posted: March 17, 2013, 9:21 am - IP Logged

        I would be happy with whatever I won.

         HyperBe Happy.

          dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
          Oklahoma
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          Posted: March 17, 2013, 10:03 am - IP Logged

          I would be happy with whatever I won.

          Amen sisterThumbs Up

          I Love Pink & Green 1908

            sully16's avatar - sharan
            Ringleader
            Michigan
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            Posted: March 17, 2013, 10:17 am - IP Logged

            Amen sisterThumbs Up

            I'm a happy camper if I get my money back, LOL

             HyperBe Happy.

              rdgrnr's avatar - walt
              Way back up in them dadgum hills, son!
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              Posted: March 17, 2013, 10:35 am - IP Logged

              Do you think you or your estate would actually get the advertised payout or would it grow or do you think you'd lose money? I was looking at the jackpot analysis here and your first payment would be well over $3 million dollars and your last three are over $9 million!!!! I would be sorely tempted to take that annunity...

              "I would be sorely tempted to take that annunity..."

              Personally, I've never been interested in becoming a nun.

              But as far as the jackpot goes, I'll take it all now, whatever the amount.

              I wouldn't want to risk my jackpot falling victim to the "fundamental change" taking place in this country.

              If you know what I mean (nudge nudge, wink wink). Say no more, say no more! Wink

                Romancandle's avatar - moon
                Upacreek
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                Posted: March 17, 2013, 12:41 pm - IP Logged

                Do you think you or your estate would actually get the advertised payout or would it grow or do you think you'd lose money? I was looking at the jackpot analysis here and your first payment would be well over $3 million dollars and your last three are over $9 million!!!! I would be sorely tempted to take that annunity...

                I seem recall that your estate doesn't get squat if you die before the annuity payment is complete???  PB annuity is set on a sliding scale vs. MM, so it appears to be growing.  Just remember, 9million 30yrs from now... year 2043 is the same as (in theory) 3 million today in terms of purchasing power- not that I'd be complaining.

                There are tons of things to consider... the best "bet"... build a team of advisors that you can hopefully trust (very hard) and let them worry about it while you sip "boat drinks" by <insert dream here>Wink

                Eitherway... I know I'd need a lot of help managing that kinda of money (lump or annuity) to prevent the lottery curse from creeping inHit With Stick

                -RC

                  TheGameGrl's avatar - character catafly.jpg
                  A long and winding road
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                  Posted: March 17, 2013, 1:07 pm - IP Logged

                  I seem recall that your estate doesn't get squat if you die before the annuity payment is complete???  PB annuity is set on a sliding scale vs. MM, so it appears to be growing.  Just remember, 9million 30yrs from now... year 2043 is the same as (in theory) 3 million today in terms of purchasing power- not that I'd be complaining.

                  There are tons of things to consider... the best "bet"... build a team of advisors that you can hopefully trust (very hard) and let them worry about it while you sip "boat drinks" by <insert dream here>Wink

                  Eitherway... I know I'd need a lot of help managing that kinda of money (lump or annuity) to prevent the lottery curse from creeping inHit With Stick

                  When making a "claim" of this size, either by annuity or full payout, an assignment of an heir or Secondary is advised by the lottery. So yes , there is a rule that allows such a condition to exist in the event of death.

                  I'm not brave enough to allow annuity, based on the interest rate, the best interest is in my safe :)

                  ~~Is it true, Is it kind,Is it necessary. ~~~

                  pa:888,4445,6132,4444,8008

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                    LAKE HAVASU AZ
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                    Posted: March 17, 2013, 4:52 pm - IP Logged

                    hell matching five numbers would work

                    some day....some day

                      redhot7's avatar - SetforLifeLogo
                      California
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                      Posted: March 17, 2013, 9:47 pm - IP Logged

                      I found this article from the Straight Dope that explains the strength and weakness of lump sum vs annuity.

                        weshar75's avatar - Lottery-042.jpg
                        Mcminnville, Oregon
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                        Posted: March 17, 2013, 10:20 pm - IP Logged

                        If I get lucky on my ticket on wednesday night I think I would have a hard time not taking the annuity for the 30 years.  I am hoping that if I take the annuity their will be less people asking for handouts.  You never know though.  It would be a headache that I would like to have some day!-weshar75

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                          savagegoose's avatar - ProfilePho
                          adelaide sa
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                          April 11, 2006
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                          Posted: March 18, 2013, 6:38 am - IP Logged

                          if you invested say half the  annuity money ea year.  lonlg before your 30 years are up you will be earning as much from the investments than getting frm the annuity.  by the end  you would have 190 mill in investments  most probably.

                           

                           

                          why invest you may well ask?  well its good practice, and as i see it,   learning to live off of only $2 mill a year would be fun.

                          2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = ?  TOT =  -3596

                          keno historic = -2291 ; 2015= -603; 2016= -424; 2017 = ? TOT = - 3318


                            United States
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                            September 7, 2011
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                            Posted: March 18, 2013, 11:36 am - IP Logged

                            I seem recall that your estate doesn't get squat if you die before the annuity payment is complete???  PB annuity is set on a sliding scale vs. MM, so it appears to be growing.  Just remember, 9million 30yrs from now... year 2043 is the same as (in theory) 3 million today in terms of purchasing power- not that I'd be complaining.

                            There are tons of things to consider... the best "bet"... build a team of advisors that you can hopefully trust (very hard) and let them worry about it while you sip "boat drinks" by <insert dream here>Wink

                            Eitherway... I know I'd need a lot of help managing that kinda of money (lump or annuity) to prevent the lottery curse from creeping inHit With Stick

                            the best "bet"... build a team of advisors that you can hopefully trust

                            I don't understand we people over complicate this. One qualified person would be enough and there are plenty of them out there with a proven track record of trustworthiness. 


                              United States
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                              September 7, 2011
                              20244 Posts
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                              Posted: March 18, 2013, 11:39 am - IP Logged

                              I seem recall that your estate doesn't get squat if you die before the annuity payment is complete???  PB annuity is set on a sliding scale vs. MM, so it appears to be growing.  Just remember, 9million 30yrs from now... year 2043 is the same as (in theory) 3 million today in terms of purchasing power- not that I'd be complaining.

                              There are tons of things to consider... the best "bet"... build a team of advisors that you can hopefully trust (very hard) and let them worry about it while you sip "boat drinks" by <insert dream here>Wink

                              Eitherway... I know I'd need a lot of help managing that kinda of money (lump or annuity) to prevent the lottery curse from creeping inHit With Stick

                              I seem recall that your estate doesn't get squat if you die before the annuity payment is complete???

                              I Agree! Taking the a-nun-ity is the same as making the state your heir.