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noise-gate

* In hot pursuit of $ *

White Shores- California
United States
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December 12, 2012
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Jan 12, 2014, 7:08 pm

Lump sum if you please.
I like handling large Dollar bills, especially knowing that they mine.

** Have a good week people.
maringoman

Massachusetts
United States
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April 14, 2006
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Jan 12, 2014, 8:05 pm

Quote: Originally posted by noise-gate on Jan 12, 2014
Lump sum if you please.
I like handling large Dollar bills, especially knowing that they mine.

** Have a good week people.

I suppose if a man was terminally ill and had young children and the mother to his kids was unavailable then he would prefer to take annual payments and put up a trust for them.

That money's gone fo ever
weshar75

Mcminnville, Oregon
United States
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December 13, 2003
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Jan 12, 2014, 8:11 pm

If I get lucky in the next year I will still take the annuity but once I turn forty in 2015 I think it will be cash for the rest of my life if I win big. So come on lotto lady luck bring daddy some new shoes.-weshar75
noise-gate

* In hot pursuit of $ *

White Shores- California
United States
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December 12, 2012
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Jan 12, 2014, 8:19 pm

Quote: Originally posted by maringoman on Jan 12, 2014
I suppose if a man was terminally ill and had young children and the mother to his kids was unavailable then he would prefer to take annual payments and put up a trust for them.

I agree 100% Maringoman. Nothing like family & caring for them long after one has passed beyond the veil.
mrcraft

Los Angeles, California
United States
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December 2, 2013
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Jan 12, 2014, 8:20 pm

With jackpot games, no.

We have four Scratcher games - Lucky for Life series that pays an amount every week for 25 years. The $1 game pays $500 a week for 25 years. That might be one where I just take the weekly payments knowing that I'll have something for the next 25 years. People do have the option to take the cash value of $375,000 in lieu of weekly payments.
rdgrnr

100

The Hall Of The Mountain Kings Tennessee
United States
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April 28, 2009
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Jan 12, 2014, 8:27 pm

Nope.

Cash money.
Lucky4Life

United States
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January 7, 2010
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Jan 12, 2014, 9:12 pm

hundreds of millions yes the annunity.

Less than 100 no i will take the lump sum and my chances.
mikeintexas

Texas Panhandle
United States
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December 20, 2012
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Jan 12, 2014, 11:50 pm

Quote: Originally posted by weshar75 on Jan 12, 2014
If I get lucky in the next year I will still take the annuity but once I turn forty in 2015 I think it will be cash for the rest of my life if I win big. So come on lotto lady luck bring daddy some new shoes.-weshar75

Them's my sentiments. I'm quite a bit older than you and I *hope* I have 30 yrs. left on this mortal coil, but I doubt it and even if I did, I expect I won't have the mental capacity to even remember that I had money coming in. Nope, I want it all now. I don't know if I could match the difference between the annuity total and what I could gain by investing the lump sum, but I'm a "bird in the hand" kinda guy. I just read where France is trying to pass a 90% top tax rate - who is to say that couldn't happen here?
dognabit

wisconsin
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July 23, 2012
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Jan 13, 2014, 1:14 am

My magic number is two. If I can walk away with more than 2 million after taxes I'll take the lump sum. Less tahn 2 million, I'll take the annuity.

I'd invest a good portion of the yearly pay outs and most likely still work for a few years.
savagegoose

adelaide sa
Australia
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April 11, 2006
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Jan 13, 2014, 3:09 am

i spose if the annuity was say $5 mil a year, i could hapilly live off $2 mill and invest the rest. if i make a mistake its cool, next year im getting another $5 mill. but if i make the same mistake with a lump sum BAMB , its back to fishing scrathers out of the the garbage, i guess the mistake would be putting all my eggs in one basket in this example. i image by the time 20 years come around i would be used to living like a multi millionaire. and manageing my money. and ready to lose thwe annuity for good, and still be living like a king.

" Still swinging, still missing "
2014 = -1016; 2015= -1409; 2016 = -1171; 2017 = -1257 ; 2018 = - 1380 = TOT = - 6233

keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223 TOT = -3968

:
hearsetrax

United States
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May 21, 2007
3,796 Posts
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Jan 13, 2014, 5:48 am

Quote: Originally posted by Lucky4Life on Jan 12, 2014
hundreds of millions yes the annunity.

Less than 100 no i will take the lump sum and my chances.

thats the way I'd do it
BobP

Dump Water Florida
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June 5, 2002
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Jan 13, 2014, 7:17 am

Annunity makes it easier to say no, if you have a hard time saying no.

BobP
Shelby Mustang

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December 9, 2013
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Jan 13, 2014, 8:58 am

Quote: Originally posted by noise-gate on Jan 12, 2014
Lump sum if you please.
I like handling large Dollar bills, especially knowing that they mine.

** Have a good week people.

If the annunity ever hit that billion dollar mark. I think it would be fun to get that outrageous check year after year after year LOL. I dont think you could Jack Whittaker or Dave Edwards yourself by getting a huge check every year....unless you were really really trying
RedStang

NY
United States
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January 21, 2012
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Jan 13, 2014, 11:14 am

Give me the lump sum so i can hit the Atm and see all those zeros on the receipt.
helpmewin

100

u$a
United States
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February 22, 2011
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Jan 13, 2014, 1:00 pm

is there any scenario where you take annual payments over the Lump sum