Powerball Expansion.Prev TopicNext Topic

• Annual Payments

  

  Houston, TX
  United States
  Member #9,841
  December 23, 2004
  236 Posts
  Offline
  Jan 26, 2005, 11:24 pm

  ▲▼

  Cash only, you'd have to make an exception for a $1b jackpot.
  
  I can't imagine a lottery jackpot getting that big. Whoever won that whether they chose annual payments of lump sum would be worth considerably more than most celebrities.
• dvdiva

  

  United States
  Member #2,338
  September 17, 2003
  2,063 Posts
  Offline
  Jan 27, 2005, 1:07 am

  ▲▼

  Actually irregardless of how big the jackpot I'd choose cash. It's my money and I would like to decide what to do with it not an annuity firm or a state.
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Feb 1, 2005, 6:05 pm

  ▲▼

  I feel the same way.
• DoctorEw220

  

  Yinzer Country, PA
  United States
  Member #4,067
  March 18, 2004
  2,741 Posts
  Offline
  Feb 1, 2005, 11:33 pm

  ▲▼

  it depends on how big an annuity period it is. the longer the annuity, the more likely that i would take the cash option. powerball is at a 30 year annuity at the moment, but now that 40 year anuities are starting to pop up, and that people are living longer, could mean a change in the annuity period again. i remember back when anuities were a mere 20 years. now look at them.

  I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.
• dvdiva

  

  United States
  Member #2,338
  September 17, 2003
  2,063 Posts
  Offline
  Feb 2, 2005, 2:22 am

  ▲▼

  I'd take the cash mainly because I don't have a house. I would much rather have the house in a trust to protect it from lawsuits than to have a mortgage against winnings. Mind you a big annuity is much better than what I have now but I'd much rather have the cash to make my own annuity rather than leave it up to the state.
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Feb 3, 2005, 11:24 am

  ▲▼

  House or not, everybody should take lump sum.
• Annual Payments

  

  Houston, TX
  United States
  Member #9,841
  December 23, 2004
  236 Posts
  Offline
  Feb 4, 2005, 8:26 pm

  ▲▼

  If u take a 1 billion annuity, u can still have enough money to do what you want.  for 30 years, that's 33m a year minus taxes.  that should be about 21 ,22 million a year.  That's a lot.  I'd definately take that.  then in 30 years i'll have over 600 million versus your about 300 million. =)

  it's still your money whether it's an annuity or not. 
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Feb 5, 2005, 10:59 am

  ▲▼

  It's my money and I want the LUMP SUM.
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Mar 4, 2005, 4:29 pm

  ▲▼

  
• LOTTOMIKE

  

  Tennessee
  United States
  Member #7,853
  October 15, 2004
  11,352 Posts
  Offline
  Mar 4, 2005, 10:42 pm

  ▲▼

  lol,what would you do cash only if those lottery officials smiled when you turned in your winning ticket and said......"sir,we only offer annuity at this time"
• JimmySand9

  

  United States
  Member #1,826
  July 11, 2003
  2,645 Posts
  Offline
  Mar 4, 2005, 11:20 pm

  ▲▼

  Quote: Originally posted by LOTTOMIKE on March 4, 2005

  ---

  
  lol,what would you do cash only if those lottery officials smiled when you turned in your winning ticket and said......"sir,we only offer annuity at this time"
  
  

  ---

  If I know CO, he would probably rather have nothing. I'll take any money, but diff'rent strokes for diff'rent folks.
  
  

  (insert signature here)
• ryanm

  

  Morrison, IL
  United States
  Member #4,657
  May 13, 2004
  1,885 Posts
  Offline
  Mar 5, 2005, 1:46 am

  ▲▼

  Quote: Originally posted by CASH Only on February 3, 2005
  

  ---

  
  House or not, everybody should take lump sum.
  

  ---

  
  

  
    I agree.  I used to think annuity was better, but I guess the uncertainty of future payments is a big minus.  I would purchase my own annuity and could just call the cash back at any time.
• LOTTOMIKE

  

  Tennessee
  United States
  Member #7,853
  October 15, 2004
  11,352 Posts
  Offline
  Mar 5, 2005, 2:16 am

  ▲▼

  9/11 is a very big example of uncertainty,you never even know if the world will be here next year,so lump sum absolutely....
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Mar 10, 2005, 10:02 am

  ▲▼

  9/11 changed many peoples' minds.