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NJ Cash 4 Life

Topic closed. 1 reply. Last post 2 years ago by ghoste833.

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New Member
New Jersey
United States
Member #157873
August 3, 2014
5 Posts
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Posted: August 3, 2014, 6:30 am - IP Logged

Better if you win jackpot in NJ Cash 4 Life to take Cash Value or Annuity? Would you rather get 365,000 a year every year for the rest of your life or 7 million all at once and be done with it? I think younger people would be better getting the for life deal in this situation. Because it doesn't expire after 30 years like other annuities. It's for life.

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    New Member
    07621
    United States
    Member #154254
    April 9, 2014
    11 Posts
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    Posted: August 4, 2014, 9:53 am - IP Logged

    I heard annuity is only for 20 years if the person is of young age like 18.

    So I will take the lump sum.Also NJ state financial situation is not good.If the state go broke your annuity will be in doubt.Also I can shield myself from future tax increases also.