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| 01:47 PM | ||
| Users Online Now: 1,721 (Who's On?) | Visitors Today: 720,992 | |
| Pageviews Today: 1,226,918 | Threads Today: 469 | Posts Today: 8,428 |
| 01:47 PM | ||
Cash or annuity? | |
| Anonymous Coward User ID: 83199830  United States07/27/2022 01:12 PM Report Abusive Post Report Copyright Violation | With the megamillions jackpot now in the billions I've been picking up a few tickets here and there. Seperately, there was a man who won a $3 million dollar jackpot off a scratch ticket, which makes it easier to game out. Annuity on 3 million was $150,000/year for 20 years. The lump sum was $1.8 million, which after fees and taxes let him have $1,278,189. I think I'd pick the annuity... If you really flub it and end up broke, there's always another check coming.  |
| Anonymous Coward (OP) User ID: 83199830 United States07/27/2022 01:24 PM Report Abusive Post Report Copyright Violation | |
Mr Breeze
 User ID: 80757662 United States07/27/2022 01:24 PM Report Abusive Post Report Copyright Violation | Only 3 Million? Depends on your age for sure, under 50 years old then take the lump sum and invest in real estate. Sell when it is time to retire after collecting rents for 10-15 years. Near to or retired, take the annuity and live happily ever after, inflation won't matter at that point. Mr Breeze |
| Anonymous Coward User ID: 71720174 United States07/27/2022 01:26 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83924600 United States07/27/2022 01:33 PM Report Abusive Post Report Copyright Violation | I have always read to take take the lump sum because investing yourself you can do much better than how the lotto has it set up. But most lotto winners who take lump lose it in 5 years on average. A small prize 4 or 5 million or less I would to annuity but over that I personally would take lump. I personally just dont think I could blow more than 2m in 5 years. |
| Anonymous Coward User ID: 77952124 United States07/27/2022 01:35 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 74535868  Liechtenstein07/27/2022 01:35 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 83924600 United States07/27/2022 01:50 PM Report Abusive Post Report Copyright Violation | I should of finished.. The most important thing to keep in mind is to realize you are going to burn a wade of cash on toys, maybe buy a home, and help family members. About 2m would be max for me I would hope so is why I picked the safest annuity/lump sum for me. God help me if I squander it all in 5. |
