What Age is "too old" to even consider 20-30 year PB or MM jackpot payments?Prev Topic Next Topic

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Artist77

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May 6, 2013, 7:45 pm

I know almost everyone takes the lump sum and with not knowing many things in the future, it is the most logical decision. Assuming your payments could continue for this period to your heirs if you suddenly expire, at what age would this be unreasonable to start? 40? 50?
sully16

25

Ringleader

Michigan
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May 6, 2013, 7:48 pm

Any age, always get a lump sum.
helpmewin

100

u$a
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May 6, 2013, 7:54 pm

Quote: Originally posted by Artist77 on May 6, 2013
I know almost everyone takes the lump sum and with not knowing many things in the future, it is the most logical decision. Assuming your payments could continue for this period to your heirs if you suddenly expire, at what age would this be unreasonable to start? 40? 50?

i say annuity i'm not willing to lose half of a Jackpot just to have a few xtra bucks now
helpmewin

100

u$a
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May 6, 2013, 8:00 pm

i guess i could see if someone is over 75 and have no kids or don't care about leaving anything to their kids they may want to get the cash option to blow through it and i hope they don't spend it all then find out they live to be 107 and be broke
MADDOG10

50

Beautiful Florida
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May 6, 2013, 8:07 pm

In my opinion, I don't think any age would be too old as long as you had Hiers or someone specified to recieve it

after you had escaped ....

KARMA...Has no menu. You get served what you deserve
maringoman

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May 6, 2013, 8:10 pm

I'm with sully16 on this; lumpsum all the way! But to answer your question I would say 50 yrs old. Many people are living to their mid 70s so an annuity that starts when you're in your early 50s is great.

That money's gone fo ever
Artist77

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May 6, 2013, 8:27 pm

I think if I were 20 years old and in college (maybe up to age 29), I would seriously contemplate the yearly payments. Even if something happened, I would have time to make it up.
KillerDemo

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May 6, 2013, 8:43 pm

Annuity since I'm in my 20's still
AlwaysSunday

Minnesota
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May 6, 2013, 8:45 pm

Either way it's a lot of money!

I'm trying to buy happiness, and it's not working.
rdgrnr

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The Hall Of The Mountain Kings Tennessee
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May 6, 2013, 8:45 pm

Quote: Originally posted by KillerDemo on May 6, 2013
Annuity since I'm in my 20's still

I got a pair o' Redwing boots older'n you.

You take the annuity, I'll take the cash.
noise-gate

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White Shores- California
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May 6, 2013, 9:49 pm

Quote: Originally posted by Artist77 on May 6, 2013
I know almost everyone takes the lump sum and with not knowing many things in the future, it is the most logical decision. Assuming your payments could continue for this period to your heirs if you suddenly expire, at what age would this be unreasonable to start? 40? 50?

Cash at any age, control your money & future.
HoLeeKau

Idaho
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July 17, 2010
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May 6, 2013, 10:04 pm

Chronological age has nothing to do with it IMHO. If you don't know how to handle money and there's a high risk you'll be blowing it all, you should take the annuity no matter what your age is. As soon as you're mature enough to handle a large amount of money you should take the lump sum.
joshuacloak

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May 6, 2013, 10:06 pm

18 is to old

any age is to old

only a fool takes the Annuity

also to person who said, u lose money by taking cash,

your just wrong, annuity is just cash jackpot invested into special us treasury notes lottery can buy.

lets take highest rate of 30 year notes govt issue

the rate is 2.98% atm, yes, just freaking below 3%

got some news for u, there tons of investments WAY above 3%, mini of 7% can be done easy

if u like risk u could try for more, , above that u be trying to beat market, and i don't think it work out long term of 30 years

also stock dividends keep up with inflation and beat it. , that's right so many people who don't understand money"poor people" are just wrong in thinkin

and this is one of them, annuity is idea of a poor person on how to get rich...............

inflation is leech form hell folks

i guest u want real data, so go offical federal reserve site

http://www.minneapolisfed.org/community_education/teacher/calc/hist1913.cfm?

in other words, lets say u won a jackpot in 1993

a $1.00 bill back then could buy u what takes $1.63 today

thats 63% inflation for U

now your earning 3% a year if u take jackpot annuity

u may as will be investing in Finanical suicide bonds . as that's how dumb u have be

if u want to gamble , it be taking economic purchasing power and lowering it

only thing that makes sense, is take cash now" also taxes owed on whole amount now" but u can invest it in MUCH better things at much better rates, way above inflation, u make much more money over 3 decades

its all about making your purchasing power more , us bonds are worthless at such low levels u LOSE to much purchasing power compared to stock market etc

u think your safe at 3% ? not with inflation! that my whole point,

to think us bonds at 3% in long term, is good is irrational

Investing only makes sense if you are adequately compensated

i beg of u, don't kill your money like that.

federal reserve printing money out of Thin air, then buying us bonds"our debt", there no need to offer higher rates to get people to BUY

people with saving accounts and stuff i feel sorry for, there to stupid to understand money issue's

rich will be getting richer over time

, as only people who understand money and how to makes lots of it, knows u cant just invest any where like us bonds.

, u Must battle inflation and win

. if your purchasing power does not go a up good amount over 20/30 years etc , whats the point................................ u can be be richer in dollars ,and poorer at same time, its rather funny in sad way how some people think bad investments are "good"

One tequila, two tequila, three tequila, floor.
Ronnie316

100

United States
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September 7, 2011
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May 6, 2013, 10:16 pm

Quote: Originally posted by joshuacloak on May 6, 2013
18 is to old

any age is to old

only a fool takes the Annuity

also to person who said, u lose money by taking cash,

your just wrong, annuity is just cash jackpot invested into special us treasury notes lottery can buy.

lets take highest rate of 30 year notes govt issue

the rate is 2.98% atm, yes, just freaking below 3%

got some news for u, there tons of investments WAY above 3%, mini of 7% can be done easy

if u like risk u could try for more, , above that u be trying to beat market, and i don't think it work out long term of 30 years

also stock dividends keep up with inflation and beat it. , that's right so many people who don't understand money"poor people" are just wrong in thinkin

and this is one of them, annuity is idea of a poor person on how to get rich...............

inflation is leech form hell folks

i guest u want real data, so go offical federal reserve site

http://www.minneapolisfed.org/community_education/teacher/calc/hist1913.cfm?

in other words, lets say u won a jackpot in 1993

a $1.00 bill back then could buy u what takes $1.63 today

thats 63% inflation for U

now your earning 3% a year if u take jackpot annuity

u may as will be investing in Finanical suicide bonds . as that's how dumb u have be

if u want to gamble , it be taking economic purchasing power and lowering it

only thing that makes sense, is take cash now" also taxes owed on whole amount now" but u can invest it in MUCH better things at much better rates, way above inflation, u make much more money over 3 decades

its all about making your purchasing power more , us bonds are worthless at such low levels u LOSE to much purchasing power compared to stock market etc

u think your safe at 3% ? not with inflation! that my whole point,

to think us bonds at 3% in long term, is good is irrational

Investing only makes sense if you are adequately compensated

i beg of u, don't kill your money like that.

federal reserve printing money out of Thin air, then buying us bonds"our debt", there no need to offer higher rates to get people to BUY

people with saving accounts and stuff i feel sorry for, there to stupid to understand money issue's

rich will be getting richer over time

, as only people who understand money and how to makes lots of it, knows u cant just invest any where like us bonds.

, u Must battle inflation and win

. if your purchasing power does not go a up good amount over 20/30 years etc , whats the point................................ u can be be richer in dollars ,and poorer at same time, its rather funny in sad way how some people think bad investments are "good"
RJOh

100

mid-Ohio
United States
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March 24, 2001
20,272 Posts
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May 6, 2013, 10:37 pm

Depends on the amount and the amount I would be willing to manage or trust someone else to manage for me.

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