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NJ Cash 4 Life

Topic closed. 1 reply. Last post 3 years ago by ghoste833.

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Thread Starter
New Member
New Jersey
United States
Member #157873
August 3, 2014
5 Posts
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.

    New Member
    United States
    Member #154254
    April 9, 2014
    11 Posts
    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.