Author Topic: Would you take a Lump Sum or Annuity?
Altra_Shadowstalker 
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Subject: Would you take a Lump Sum or Annuity?
And is that because you're old?

 

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Altra_Shadowstalker 
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Subject: Would you take a Lump Sum or Annuity?
I'm seriously considering the Annuity, I'm only 28 and being set for life is pretty enticing.

Although having more money than Romney, or even God, is appealing too.

 

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Afio 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum

 

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cabbyman 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum

 

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Coriolus 
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Subject: Would you take a Lump Sum or Annuity?
Afio posted:
Lump sum

 

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Tych2 
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Subject: Would you take a Lump Sum or Annuity?
Afio posted:
Lump sum
This. No other answer should ever be considered.

 

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Groucho48 
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Subject: Would you take a Lump Sum or Annuity?
Annuity usually makes more sense, for tax reasons. But, with that amount of money, it really doesn't matter.


 

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Abaddon_Ambrosius 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum.

That way there's no chance the government will figure out a way to screw me out of more of it down the road somewhere. Because once I get it, it'll be well and truly spread around out of sight.

 

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Typhis1 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum certainly. I could get hit by a bus the day after I won the lottery. Would be nice for my wife to have the money for our kids later on. If you die while receiving annuity I am pretty sure that it all stops.

 

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Yukishiro1 
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Subject: Would you take a Lump Sum or Annuity?
For most of the people who win the lottery, an annuity is the much better option. Because it makes it harder to spend it all in a binge.

For a responsible person, lump sum is probably better. But responsible people probably wouldn't be winning the lottery in the first place because they wouldn't be playing.

 

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the_great_intex 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum for sure. Never know about inflation and whatnot in the future. There's no reason not to take the lumpsum

 

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Thugoneous 
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Subject: Would you take a Lump Sum or Annuity?
lump sum and I would spend it all on gold!

 

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Yukishiro1 
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Subject: Would you take a Lump Sum or Annuity?
Well, except for being unable to spend it responsibly (like 90% of lottery winners) and paying a lot more in taxes.

 

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Jorrdan 
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Subject: Would you take a Lump Sum or Annuity?
Altra_Shadowstalker posted:
I'm seriously considering the Annuity, I'm only 28 and being set for life is pretty enticing.

Although having more money than Romney, or even God, is appealing too.


laugh

And you are seriously considering it....

Because you are going to win? grin

 

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Eh.
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Altra_Shadowstalker 
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Subject: Would you take a Lump Sum or Annuity?
Jorrdan posted:
Altra_Shadowstalker posted:
I'm seriously considering the Annuity, I'm only 28 and being set for life is pretty enticing.

Although having more money than Romney, or even God, is appealing too.


laugh

And you are seriously considering it....

Because you are going to win? grin



laugh I was wondering if anyone was going to catch that. tongue


Gotta fake it til you make it!

 

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-Espiritu- 
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Subject: Would you take a Lump Sum or Annuity?
take lump sum

Put $20,000,000 into an immediate annuity. $50,000+/month for life.

Spend the other ~$300,000,000 on crank.

 

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theredkay1 
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Subject: Would you take a Lump Sum or Annuity?
3% is about the breakeven point.

If you think you can do better than 3% a year every year, get the lump sum.

 

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Lyndrek 
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Subject: Would you take a Lump Sum or Annuity?
lump sum actually gives you more money in the long run due to inflation.

the difference between the annuity and the lump sum is: the annuity they invest it and give you part of the profits over the years (not all the profit they make from the investment just some.) lump sum they give you all the money they really have and you can do with it what you w ant (you should invest it and thereby gain more per year then the annuity would gain.

 

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Brother_Tempus 
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Subject: Would you take a Lump Sum or Annuity?
lump sum to do the sad state of currency devaluation by the government

 

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IMHO 
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Subject: Would you take a Lump Sum or Annuity?
lump sum... in pennies devil

 

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eodoll 
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Subject: Would you take a Lump Sum or Annuity?
id have to consult mitt romneys accountants...

i wouldnt know where to put hundreds of millions in cash.

if i won only 3 to 10 mil, then id take it all and buy a few properties immediately..and my cash would be gone.

 

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Thugoneous 
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Subject: Would you take a Lump Sum or Annuity?
eodoll posted:
id have to consult mitt romneys accountants...

i wouldnt know where to put hundreds of millions in cash.

if i won only 3 to 10 mil, then id take it all and buy a few properties immediately..and my cash would be gone.


Seriously, this is what I would do.

 

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IMHO 
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Subject: Would you take a Lump Sum or Annuity?
I wonder how many congressmen I could buy with that kind of money.

We would, for sure, get ride of daylight saving If I hit the Mega Lotto.

Not sure if that'd be enough power to legalize pot.

 

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Manegarm 
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Subject: Would you take a Lump Sum or Annuity?
Pennies.. I'd bury Denmark...

YES FUK YOU DANES!

 

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cobane 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum, and I'd invest every last cent of it in the development of a sequel to Welcome to Mooseport. Any profit it makes will be divided up between Val Kilmer and Hugh Grant's dog.

 

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Mag-Galahad 
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Subject: Would you take a Lump Sum or Annuity?
Tych2 posted:
Afio posted:
Lump sum
This. No other answer should ever be considered.

 

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__Bonk__ 
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Subject: Would you take a Lump Sum or Annuity?
If you are good at managing money you should take a lump sum. If you are bad at managing money like I am then you should take the annuity

Be smart and know what type of person you are

grin

 

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BubbleDude 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum, and put ALL of it into Enron stock!

 

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MatrexMistwalker 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum... most states will stop an annuity payment if the winner dies for any reason... a few have laws that allow you to pass it on to a wife son daughter etc..

 

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ZartanAround 
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Subject: Would you take a Lump Sum or Annuity?

LUMP!!!

 

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paulg_68 
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Subject: Would you take a Lump Sum or Annuity?
The web site says the lump sum payout would be $462 million now.

http://www.megamillions.com/

coffee

 

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Ptilk 
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Subject: Would you take a Lump Sum or Annuity?
Lump sum.

Use half of it to become a Senator, use the other half to become Majority leader, Retire in 12 years with 18 billion in the bank and use that to invent a vampire serum....then spend eternity wandering around in the dark bemoaning my cursed fate.

 

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ZartanAround 
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Subject: Would you take a Lump Sum or Annuity?
laugh

 

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