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tinygirl58

ohio
United States
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June 8, 2005
353 Posts
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Oct 18, 2018, 7:48 pm

if you win this jackpot what question would you ask when claiming your ticket.

payments or cash option.

if you are in a lottery pool at work, do you go with payments or cash options?
rcbbuckeye

100

Texas
United States
Member #55,887
October 23, 2007
17,832 Posts
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Oct 18, 2018, 7:52 pm

Cash all the way. I'll be dead in 20 years or less. And if by some miracle I am alive after 20 years, I'll be too old to care to spend the money.

CAN'T WIN IF YOU'RE NOT IN

A DOLLAR AND A DREAM (OR $2)
wander73

EveryMailBox Type in Search.

Philadelphia, PA
United States
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March 24, 2014
8,603 Posts
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Oct 18, 2018, 7:58 pm

Cash option. Lottery pool have everyone sign an agreement. Get someone or an agent to back the people up.

Anuti can be a mistake because obviously you know if you'll be alive

ISO of content generation for anything.

blogs , reselling, and more.
CDanaT

Central TN
United States
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January 4, 2012
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Oct 18, 2018, 8:32 pm

Quote: Originally posted by rcbbuckeye on Oct 18, 2018
Cash all the way. I'll be dead in 20 years or less. And if by some miracle I am alive after 20 years, I'll be too old to care to spend the money.

HMPH !!!!!, Wasn't aware you had hit 80... Don't look a day over 74

Si vis pacem, para bellum.
CDanaT

Central TN
United States
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January 4, 2012
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Oct 18, 2018, 8:37 pm

Cash.... no way of knowing what the Fed Taxes will be in 10,15 or 25 years for the annuity option...or if the state you live in will change it's stance on a state income tax or interest income.... Pool I am in agrees on cash

Si vis pacem, para bellum.
lowellm

Mt Sterling, IL
United States
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October 8, 2018
199 Posts
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Oct 18, 2018, 8:40 pm

Cash! Taxes are low (you never know where taxes will be over the span of 29 years), and I can easily quadruple the money over the same span of time, while living off of the dividends.
music*

Fresno, California
United States
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August 2, 2014
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Oct 18, 2018, 9:18 pm

Quote: Originally posted by lowellm on Oct 18, 2018
Cash! Taxes are low (you never know where taxes will be over the span of 29 years), and I can easily quadruple the money over the same span of time, while living off of the dividends.

lowellm, You are correct about taxes.

Do you have experience living through a recession with investments? Mild or Severe recession.

Will you diversify your investments? Stocks, Bonds, Mutual Funds, Muni's, real estate, appreciating assets.

Dividends are cash flow investments.

thank you for your reply.

"We are all in this together!"
lowellm

Mt Sterling, IL
United States
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October 8, 2018
199 Posts
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Oct 18, 2018, 9:42 pm

Quote: Originally posted by music* on Oct 18, 2018
lowellm, You are correct about taxes.

Do you have experience living through a recession with investments? Mild or Severe recession.

Will you diversify your investments? Stocks, Bonds, Mutual Funds, Muni's, real estate, appreciating assets.

Dividends are cash flow investments.

thank you for your reply.

Hi, music*, I hope you're having a wonderful evening! You are surely welcome for my reply, but please understand that I am not a professional investor, I'm a carpenter, so please take what I say with a grain of salt... I must admit that I've been fortunate in my personal investments (not rich, just fortunate). In the 90s I invested heavily (heavily for me, anyway) in the internet boom, and I got out at the absolute peak, just a couple of months before the meltdown - not because of my skill at investing, mind you, but I changed occupations and simply sold out of all of my positions, lol... Since then I park my investments in very conservative dividend paying stocks like Coca Cola, Johnson and Johnson, General Mills, etc... Well run companies in sectors that have a future (folks will always need shampoo, toothpaste, and cereal). I am also interested in multifamily apartment buildings, and I'm working towards building up my skills and portfolio so that I can locate and buy into some apartment deals. I think these kinds of cashflow investments are tax-sheltered in so far as possible, meanwhile they fit my conservative investing approach.
music*

Fresno, California
United States
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August 2, 2014
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Oct 18, 2018, 10:25 pm

Thank You lowellm! I also have two brothers who are carpenters. Superintendents now.

Warren Buffet loves Coca-Cola as well. J & J and General Mills, etc.

So you are investing in Stocks and Real Estate. A major win here will propel you where ever you want to go.

"We are all in this together!"
lowellm

Mt Sterling, IL
United States
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October 8, 2018
199 Posts
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Oct 18, 2018, 10:38 pm

Quote: Originally posted by music* on Oct 18, 2018
Thank You lowellm! I also have two brothers who are carpenters. Superintendents now.

Warren Buffet loves Coca-Cola as well. J & J and General Mills, etc.

So you are investing in Stocks and Real Estate. A major win here will propel you where ever you want to go.

There is something about carpentry, at least for me, that is uniquely satisfying. I love the "math" behind a project, I guess. I don't know how else to express it. For me, it's less "art" than "math." I estimate a project, draw it out, calculate the dimensions and the cost... And then, when it's complete, I can sit back and admire... :) As far as investing goes, I like to "set it and forget it" insofar as possible. I don't care, so much, about money, as much as I thirst for freedom to do what I want. No, that's too common, I suppose. I want to have the freedom and the resources to be the best possible person that I can be.
lowellm

Mt Sterling, IL
United States
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October 8, 2018
199 Posts
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Oct 18, 2018, 11:09 pm

Quote: Originally posted by music* on Oct 18, 2018
Thank You lowellm! I also have two brothers who are carpenters. Superintendents now.

Warren Buffet loves Coca-Cola as well. J & J and General Mills, etc.

So you are investing in Stocks and Real Estate. A major win here will propel you where ever you want to go.

By the way, if you haven't read "The Snowflake: Warren Buffett and the Business of Life", by Alice Schroeder, I highly recommend it. It's a biography, but he cooperated with the author. Almost an autobiography, but it gets rather down & dirty, probably more so than the ever so humble Oracle of Omaha would have set down onto paper.
lowellm

Mt Sterling, IL
United States
Member #192,745
October 8, 2018
199 Posts
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Oct 18, 2018, 11:12 pm

Quote: Originally posted by lowellm on Oct 18, 2018
By the way, if you haven't read "The Snowflake: Warren Buffett and the Business of Life", by Alice Schroeder, I highly recommend it. It's a biography, but he cooperated with the author. Almost an autobiography, but it gets rather down & dirty, probably more so than the ever so humble Oracle of Omaha would have set down onto paper.

LOL, I apologize... The title is :"The Snowball..." not, "The Snowflake..." My face is red, now.
maximumfun

United States
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March 16, 2012
3,733 Posts
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Oct 19, 2018, 3:05 am

ok... don't shoot me, but I would take the annuity option.

I have a partner who spends what's in his pocket/account with nary a thought of anything else. He would blow through 15B$ just as quick as 1M$. so that way each year I would get to take out "budget" money and then know I was kissing everything else g'bye till the next payment.
music*

Fresno, California
United States
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August 2, 2014
3,959 Posts
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Oct 19, 2018, 3:54 am

Quote: Originally posted by maximumfun on Oct 19, 2018
ok... don't shoot me, but I would take the annuity option.

I have a partner who spends what's in his pocket/account with nary a thought of anything else. He would blow through 15B$ just as quick as 1M$. so that way each year I would get to take out "budget" money and then know I was kissing everything else g'bye till the next payment.

maximumfun, At least you are informed and can take an intelligent position with the Annuity.

You will have what might be a second birthday celebration each year. You will not complain about getting a check in the mail every year.

I hope you get to experience all the checks over thirty years.

"We are all in this together!"
ressuccess

United States
Member #93,160
June 23, 2010
3,141 Posts
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Oct 19, 2018, 7:28 am

Quote: Originally posted by tinygirl58 on Oct 18, 2018
if you win this jackpot what question would you ask when claiming your ticket.

payments or cash option.

if you are in a lottery pool at work, do you go with payments or cash options?

If I win the jackpot then I'll definitely choose the cash value option tinygirl58! Then I'll tell my family I will marry to my girlfriend Christina Laniohan before the year 2019 comes to an end and have my teeth fixed up in the future tinygirl58!

I hope that one $2 ticket is the only one that matches all 5 numbers plus the PB to win the largest PB jackpot in United States history of over $2 Billion Dollars! I hope that one $2 ticket is the only one that matches all 5 numbers plus the Mega Ball to win the largest Mega Millions jackpot in United States history of over $2 Billion Dollars!

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