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Why Do You Think Lottery Winners Always Take The Cash Option?

Topic closed. 62 replies. Last post 4 years ago by Win$500Quick.

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Drenick1's avatar - villiarna
USA
United States
Member #152799
February 25, 2014
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Posted: February 25, 2014, 4:03 pm - IP Logged

Annuity payments would make more cent$Dance

Annuities do indeed make sense IF you don't plan on investing/earning any income with your money.

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    Thread Starter
    Florida
    United States
    Member #77815
    August 1, 2009
    3741 Posts
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    Posted: March 16, 2014, 7:17 pm - IP Logged

    Annuity payments would make more cent$Dance

    I Agree!

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      Thread Starter
      Florida
      United States
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      August 1, 2009
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      Posted: March 31, 2014, 12:49 pm - IP Logged

      Insane inflation, that is why.

      Getting an annuity of $750,000 a year sounds good now, but it won't be so sweet in 25 years when an average new car costs $250,000, new homes $2,000,000, a gallon of gas $75, and a weeks worth of groceries $5,000.

      I have changed my mind about taking the annunity. Take the money and run! Inflation will eat at your money t a faster rate.