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A Great Great Story

Topic closed. 15 replies. Last post 14 years ago by Lottowiz34.

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United States
Member #1047
January 17, 2003
348 Posts
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Posted: April 11, 2003, 7:13 am - IP Logged

From the Big Game Lottery Results and News

http://www.lowellsun.com/Stories/0,1413,105~4761~1313347,00.html

See, people actually can win a million dollars in scratch off tickets.  $50K for 20 yrs guaranteed to her.  That's a SWEET deal.

Don't blow all your winnings in one place - Choose Annuity


    United States
    Member #379
    June 5, 2002
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    Posted: April 11, 2003, 7:17 am - IP Logged
    AnnuityIsStormy:

    Is the woman guaranteed to live to receive all her annuity checks?


      United States
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      January 17, 2003
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      Posted: April 11, 2003, 7:22 am - IP Logged

      What's your point?  So, it'll go to her husband or her children.  Say you win the lumpsum today and die tomorrow, ... what's the difference?  Someone in her family will be getting the money either way. 

      Don't corrupt us CashOWhoGotHisButtRejectedWithHisDefinition,  .. you STILL don't know the definition of Cash Option.  Know your facts before you come in here advocating whatever you think you know you're advocating but you realy really don't.  Just look at the votes you got.

      Don't blow all your winnings in one place - Choose Annuity


        United States
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        Posted: April 11, 2003, 7:25 am - IP Logged
        AnnuityIsWeakestLink:

        If she dies, what about the possible ESTATE TAXES her heirs would have to pay on ALL FUTURE PAYMENTS within 10 months of her death?

        You don't know what the income/estate tax laws will be during the next 20 or more years.


          United States
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          January 17, 2003
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          Posted: April 11, 2003, 7:29 am - IP Logged

          Casho:

          How many Yes votes did you get today for your definition of Cash Option?

          Don't blow all your winnings in one place - Choose Annuity

            Lottowiz34's avatar - spider
            Miami,FL
            United States
            Member #760
            October 7, 2002
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            Posted: April 11, 2003, 3:24 pm - IP Logged

            Boy the Temperature is getting very "HOT" in here,it's okay to be different by being an Annuity person we still get love too.


              United States
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              Posted: April 11, 2003, 3:27 pm - IP Logged
              Lottowiz:

              The "winner" was NOT allowed to receive the cash value in lump sum (in lieu of the annuity.)

                Shakey Dee's avatar - cat anm.gif

                Bahamas
                Member #958
                December 27, 2002
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                Posted: April 12, 2003, 6:23 am - IP Logged

                 

                    I'm with U! I prefer my cash now!! I don't want to spend the rest of my life HOPING to live long enough to enjoy my good luck! AND what if there's NO ONE I want to leave it to if i crap out? No y'all  GIVE ME THE MONEY!!!!!!  Luck today!!!

                 

                  Lottowiz34's avatar - spider
                  Miami,FL
                  United States
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                  Posted: April 12, 2003, 3:22 pm - IP Logged

                  Well that wasn't very fair you should be allowed too make a choice.I would be very "TICKED OFF" if I was forced too take a "LUMP SUM".And as for whether you'll live long enough too recieve annual payments I believe that if your pushing 50 you should probably take a "Lump Sum" but if your 40 and under it's okay too take

                  an "Annuity".I'm under 40 so it's "ANNUITY" for me.


                    United States
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                    Posted: April 12, 2003, 3:34 pm - IP Logged
                    Lottowiz:

                    Nobody should complain about being "forced" to receive a lump sum since you can always use a significant percentage of the cash to purchase an annuity, or invest however you want.

                    The problem is when the prize is paid over X years, with NO cash option.

                      visiondude's avatar - eye3logo
                      light on my feet
                      United States
                      Member #356
                      May 20, 2002
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                      Posted: April 12, 2003, 10:46 pm - IP Logged
                      Quote: Originally posted by Lottowiz34 on April 12, 2003

                      Well that wasn't very fair you should be allowed too make a choice.I would be very "TICKED OFF" if I was forced too take a "LUMP SUM".And as for whether you'll live long enough too recieve annual payments I believe that if your pushing 50 you should probably take a "Lump Sum" but if your 40 and under it's okay too take

                      an "Annuity".I'm under 40 so it's "ANNUITY" for me.




                      .........................................................



                      one of my best friends died in a car wreck at 37 years old. he owned his own business for 4 years prior to his death and was just realizing his "success" when the accident took his life.



                      another strong arguement for the lump sum. since we do not know "when" it is our time.



                      just something else to consider.





                      VDQUICK PICKLUMP SUM

                                  "i am .........."meant to"       

                      P.S.,  that RJoH  is a stand up guy.  thanks,  vision

                               until further notice,  it's  france everyday

                        JAZZY JASPER's avatar - scenery water_mountains.jpg

                        United States
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                        October 14, 2002
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                        Posted: April 12, 2003, 11:11 pm - IP Logged

                                In either case

                        It's more than, you got NOW!

                        And YOU, can't take it with you.

                        This is really, an

                         "ASININE"

                         Topic of Disscussion!

                          But then again, that's just, my opinion! 

                              JUST  WIN !!!   

                          Lottowiz34's avatar - spider
                          Miami,FL
                          United States
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                          October 7, 2002
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                          Posted: April 14, 2003, 9:34 am - IP Logged

                          Hey VisionDude, I understand where your coming from but I disagree because you can have Legal documents drawn up that state where you want your annual payments too go in case of sudden death.In my case I would start with my sister who's younger then my wife if I'm married at the time and finally my son who would recieve payments at age 21.And as for your friend that was very unfortunate but believe it or not it is possible too know when your going to "kick the bucket"

                          I studied certain things pertaining too the Supernatural

                          and other Phenomena for 5 yrs and experienced many strange things personally.It is possible too find out things about your future because I have done so many times where stuff I discovered came too pass.I also know how long I'm going too live and it's well into the

                          21st Century plenty of time for me too recieve an "ANNUITY" from a Lottery Winfall.

                            Lottowiz34's avatar - spider
                            Miami,FL
                            United States
                            Member #760
                            October 7, 2002
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                            Posted: April 14, 2003, 9:49 am - IP Logged

                            I believe taking an Annuity is just as good as taking a Lump Sum because in the case of sudden death you don't take your money with you either way.If you took a Lump Sum the money stays while your gone same for Annuity so

                            there's really no difference you can still realise your success or dream as long as you have the money to do so even if it's for a short period of time.

                              visiondude's avatar - eye3logo
                              light on my feet
                              United States
                              Member #356
                              May 20, 2002
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                              Posted: April 14, 2003, 4:40 pm - IP Logged

                              lottowiz,



                              although

                                          "i am .........."meant to"       

                              P.S.,  that RJoH  is a stand up guy.  thanks,  vision

                                       until further notice,  it's  france everyday