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
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"