Lump sum or annuity?
December 23rd, 2017 at 6:02:11 AM
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You found a dollar on the ground. With that dollar you decide to gamble on the Lottery. You pick the numbers 6, 22, 32, 40, 50, 53. You watch that night's Lottery Draw. Ball 6 pops up. You smile a bit skeptically. 22 pops up. Your smile begins to get a bit wider. 32 pops up. You are now smiling even bigger. You are now a winner of at least $5 no matter what. 40 pops up. You are now ecstatic. You won $50 at least! Woo hoo. 50 pops up! Yes! You just won $10,000! Field goal!
You begin dancing like a happy maniac. But your heart is doing a happy anticipation beat. Please be. 53! You pray to the Lottery Gods and the actual God that the final number is 53. 53 pops up! Holy crap in a good way! You are a winner of 6 million dollars before taxes. You thank both the Lottery Gods and the actual God.
You kiss your winning ticket and sign your name on the back in pen. You drive yourself 1 hour to The State Lottery Headquarters. They check your ID and run you through their background check. You are 25, have never been married, and have no offspring and don't owe back taxes.
Congratulations! The money is all for you after fees and taxes! The Lottery Representatives ask you this very important and life changing question. Do you want us to pay you 4 million right now as a one time lump sum or do you want to be paid every year $300,000 before taxes and fees for 20 years?
What do you fellow WOZers choose? :)
You begin dancing like a happy maniac. But your heart is doing a happy anticipation beat. Please be. 53! You pray to the Lottery Gods and the actual God that the final number is 53. 53 pops up! Holy crap in a good way! You are a winner of 6 million dollars before taxes. You thank both the Lottery Gods and the actual God.
You kiss your winning ticket and sign your name on the back in pen. You drive yourself 1 hour to The State Lottery Headquarters. They check your ID and run you through their background check. You are 25, have never been married, and have no offspring and don't owe back taxes.
Congratulations! The money is all for you after fees and taxes! The Lottery Representatives ask you this very important and life changing question. Do you want us to pay you 4 million right now as a one time lump sum or do you want to be paid every year $300,000 before taxes and fees for 20 years?
What do you fellow WOZers choose? :)
Last edited by: Nathan on Dec 23, 2017
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 23rd, 2017 at 6:11:57 AM
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I would spend half of it on booze and broads and probably just waste the other half.
At my age, a "Life In Prison" sentence is not much of a deterrent.
December 23rd, 2017 at 6:19:51 AM
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If you are TLDR:
If you won a lottery for $6,000,000 would you rather get a lump sum of $4,000,000 immediately or get $300,000 a year for 20 years?
Almost certainly I'd choose the one time lump sum, I think, although I'd certainly talk to my accountant beforehand to weigh my options. AFAIK, inflation really ****s you up in this type of a situation, not to mention, a "large" amount of money can be leveraged to make more money down the road than the smaller $300k/year.
Even if you only get $2M right now after taxes and make 5% profit, that's $100k/year on that, you're better off than the $300k/year (plus taxes).
If you won a lottery for $6,000,000 would you rather get a lump sum of $4,000,000 immediately or get $300,000 a year for 20 years?
Almost certainly I'd choose the one time lump sum, I think, although I'd certainly talk to my accountant beforehand to weigh my options. AFAIK, inflation really ****s you up in this type of a situation, not to mention, a "large" amount of money can be leveraged to make more money down the road than the smaller $300k/year.
Even if you only get $2M right now after taxes and make 5% profit, that's $100k/year on that, you're better off than the $300k/year (plus taxes).
December 23rd, 2017 at 6:19:52 AM
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Lump sum. I will do my own investing for the annuity return.
All animals are equal, but some are more equal than others
December 23rd, 2017 at 7:39:15 AM
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That was the longest way ever to ask which would you take.
I am taking lump sum because I do not trust the lottery and what they will do with the money. Next thing you know someone embezzled a trillion dollars and you lose all of your money.
I am taking lump sum because I do not trust the lottery and what they will do with the money. Next thing you know someone embezzled a trillion dollars and you lose all of your money.
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
December 23rd, 2017 at 8:03:02 AM
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Quote: RSIf you won a lottery for $6,000,000 would you rather get a lump sum of $4,000,000 immediately or get $300,000 a year for 20 years?
I would curse myself for being so stupid as to have bought a lottery ticket. Then I'd get my accountant to claim exemption from your stupid US taxes.
Next I'd admonish myself for bringing fantasy invisible friends into the situation.
I'd then take the lump sum and take it to a $5 blackjack table each day for 1 month. I'd Progressive wager each day with the aim of hitting and running with $100 profit per day. I'd enjoy the very high probability of laughing at the Progressive Naysayers. (Marty and progressive wagering is stupid, but amusing)
Finally, I'd take the lump sum and $3,100 profit and set up a charitable trust through which to give it away in a way that I'd enjoy.
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
December 23rd, 2017 at 8:06:34 AM
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Lump sum.
December 23rd, 2017 at 8:54:42 AM
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What lottery is paying a lump sum of 2/3 of its jackpot? And what lottery pays a flat amount annually, most pay more in the later years.
Assuming a more realistic present day value problem: Unless your income already puts you in a high bracket, annuity isnt a horrible option here after you consider taxes/marginal rates.
Assuming a more realistic present day value problem: Unless your income already puts you in a high bracket, annuity isnt a horrible option here after you consider taxes/marginal rates.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
December 23rd, 2017 at 9:21:44 AM
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Take a lump sum and hire ZK as your financial adviser (-;
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
December 23rd, 2017 at 9:53:01 AM
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Quote: AxelWolfTake a lump sum and hire ZK as your financial adviser (-;
So you can be foolish enough to buy a vehicle you can't sleep in.
December 23rd, 2017 at 11:07:46 AM
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On a interesting side note, I played my hypothetical Lotto numbers in my OP for my state's Lotto tonight and played Xtra($2 bet). Wish me good luck that my numbers come up! :D
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 23rd, 2017 at 12:39:18 PM
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Yeah...interesting
December 23rd, 2017 at 12:53:30 PM
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In general, the lump sum option usually is better.
The difference between fiction and reality is that fiction is supposed to make sense.
December 23rd, 2017 at 12:58:56 PM
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Lottery winners have names and SS number reported to credit bureaus and the IRS.
Criminals often read newspapers and decide to visit a lottery winner.
I'd probably wrap myself around a telephone pole even if I took the slow pay method. Best option is take a trip to the Cayman Islands before turning in the ticket and hire an asset protection lawyer.
Criminals often read newspapers and decide to visit a lottery winner.
I'd probably wrap myself around a telephone pole even if I took the slow pay method. Best option is take a trip to the Cayman Islands before turning in the ticket and hire an asset protection lawyer.
December 23rd, 2017 at 1:50:37 PM
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I'll never understand why American lotteries give you a choice between the advertised jackpot in payment or a lesser jackpot immediately, both of which require you to pay a massive amount of taxes on.
If I had to do either, lump sum.
If I had to do either, lump sum.
December 23rd, 2017 at 2:18:25 PM
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Oh, for the Spanish lottery. Winner take all... and free of taxes.
December 23rd, 2017 at 2:20:29 PM
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I've read in Canada that they don't pay taxes on gambling winnings. Canada has got to be a gambler's dream Country. :)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 23rd, 2017 at 2:24:21 PM
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Quote: NathanI've read in Canada that they don't pay taxes on gambling winnings. Canada has got to be a gambler's dream Country. :)
No, that's the UK.
I swear, gambling culture is more common here than the middle of the Las Vegas strip.
December 23rd, 2017 at 3:28:05 PM
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If you're in Florida, buy up 299 of those numbers Nathan gave you. It's a lock, plus we'll put use to the Martin story.
I am a robot.
December 23rd, 2017 at 11:26:10 PM
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Not that I'd want to say anything bad about Canada....but there's literally nothing good about Canada.
Knowing Canada doesn't tax gambling winnings makes me conclude taxing gambling winnings is the proper thing to do, simply because Canadia doesn't.
Knowing Canada doesn't tax gambling winnings makes me conclude taxing gambling winnings is the proper thing to do, simply because Canadia doesn't.
December 24th, 2017 at 12:03:11 AM
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Quote: RSNot that I'd want to say anything bad about Canada....but there's literally nothing good about Canada.
Knowing Canada doesn't tax gambling winnings makes me conclude taxing gambling winnings is the proper thing to do, simply because Canadia doesn't.
https://youtu.be/BHqgHFcmAOc
I am a robot.
December 24th, 2017 at 12:43:30 AM
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Those numbers LOST! I only got the 50 right! :( Boo! :( It was a longshot anyways. ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 24th, 2017 at 3:51:24 AM
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It would be quite a bit less than $4million, but I'd take that instead of payments. I didn't play the lottery for income security over time. I want and played the lottery with that dollar to get money NOW! Let ME decide what to do with it, and when.
I wouldn't trust any Government agency to handle money properly or keep things straight administratively for 20 years. It would be 2 decades of constant, nagging concern that I don't need.
I wouldn't trust any Government agency to handle money properly or keep things straight administratively for 20 years. It would be 2 decades of constant, nagging concern that I don't need.
December 24th, 2017 at 5:19:13 AM
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Quote: horseIt would be quite a bit less than $4million, but I'd take that instead of payments. I didn't play the lottery for income security over time. I want and played the lottery with that dollar to get money NOW! Let ME decide what to do with it, and when.
I wouldn't trust any Government agency to handle money properly or keep things straight administratively for 20 years. It would be 2 decades of constant, nagging concern that I don't need.
Good point. I find it surprising that a large portion of people on here said lump sum. I was expecting a large portion to say annuity. I don't know why the Lottery Commission doesn't let people have both their cake and ice cream. Let them have HALF the Lottery winnings now after fees and taxes, and let them have HALF the winnings after fees and taxes in an annuity. That's the PERFECT compromise :) I don't know about you but at a party, I want both my cake and ice cream.;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 24th, 2017 at 6:36:02 AM
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I rarely play any of the lottery games but I did get two $20 scratchers for my wife's stocking, they were the last two on the roll so tone will be a huge winner.
December 24th, 2017 at 8:47:48 AM
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Lump sum for a number of reasons. I can make more money than the annuity easily by investing.
And, in some cases, if the lottery company goes broke or has another way to crash (which has happens) they can stop paying some annuities. I would rather get the money now and not trust a state or lottery company to pay me for 30 years.
And, in some cases, if the lottery company goes broke or has another way to crash (which has happens) they can stop paying some annuities. I would rather get the money now and not trust a state or lottery company to pay me for 30 years.
December 24th, 2017 at 9:18:52 AM
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I am not at all confident that this is the case. It is my understanding that lottery jackpot funds paid as annuities are invested well outside of the lottery's own accounts. Your annuity income would not be dependent upon future success of that state lottery. (Well, if there were a crash of the financial system and all the banks/brokerage houses where the annuity funds are invested go bust, you could lose the annuity, but in that case we're all probably screwed over pretty much.) This topic is normally raised in cases where an annuity chooser eventually really needs to follow the cash option; e.g., winner dies and the estate needs to pay taxes on assets, including the value of the annuity, and doesn't have adequate liquid funds available. In such cases, although the lottery no longer has control of the funds and cannot change your annuity to cash, they can assist winners (or estates) in finding a buyer to purchase the remaining annuity for cash.Quote: Gandler... if the lottery company goes broke or has another way to crash (which has happens) they can stop paying some annuities.
For years, I thought that the annuity option would be preferable, for one prime reason: tax deferral. By choosing the annuity, you would be investing pre-tax funds and only paying the taxes when you receive the payout. The cash option requires paying the taxes on that entire amount up front, leaving a much lower amount available for you to spend or to invest in your choice of funds (much lower, that is, than what the lottery would be investing for you in the annuity option.)
More recently I have considered another factor. I am now 72 years old. In the extremely unlikely event that I were to win a major lottery, there is no way that I am going to live anywhere close to the duration of those annuities. I might prefer to have control of the funds (cash option) and disburse them according to my own wishes and schedule rather than leave the bulk of the decisions to the executor interpreting my will.
Of course, based on recent changes, I have absolutely no clue what the tax rules will be in coming years.
December 24th, 2017 at 10:12:30 AM
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Didn't Illinois recently suspend payments, or threaten to?
The difference between fiction and reality is that fiction is supposed to make sense.
December 24th, 2017 at 12:10:18 PM
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I think there was some talk about not paying (at least not right away) to redeem winning tickets, perhaps because at that point the money was considered State funds, and the state was facing an expenditures shutdown due to no budget having been approved. Can't remember details of what I heard.
Once they have put jackpot funds into an annuity in some winner's name, there is not much the lottery could do to suspend payments. (Perhaps, in the extreme, they could bring court action if there were reason to suspect fraud.)
Once they have put jackpot funds into an annuity in some winner's name, there is not much the lottery could do to suspend payments. (Perhaps, in the extreme, they could bring court action if there were reason to suspect fraud.)
December 24th, 2017 at 12:18:43 PM
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Quote: DocI think there was some talk about not paying (at least not right away) to redeem winning tickets, perhaps because at that point the money was considered State funds, and the state was facing an expenditures shutdown due to no budget having been approved. Can't remember details of what I heard.
Once they have put jackpot funds into an annuity in some winner's name, there is not much the lottery could do to suspend payments. (Perhaps, in the extreme, they could bring court action if there were reason to suspect fraud.)
If I were an Illinois State retiree who just had his pension cut by 30%, I'd be very pissed if they didn't do the same to someone who pulled a couple of numbers out of their ass.
Not sure how one state obligation is different from another. Perhaps not from a legal standpoint, but certainly from a moral one.
The difference between fiction and reality is that fiction is supposed to make sense.
December 24th, 2017 at 1:03:12 PM
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Quote: DocI think there was some talk about not paying (at least not right away) to redeem winning tickets, perhaps because at that point the money was considered State funds, and the state was facing an expenditures shutdown due to no budget having been approved. Can't remember details of what I heard.
Once they have put jackpot funds into an annuity in some winner's name, there is not much the lottery could do to suspend payments. (Perhaps, in the extreme, they could bring court action if there were reason to suspect fraud.)
Nothing Illinois does should surprise anyone. It's a democratic-run state with its largest city ruled by crazed liberals. The fact that it's murder rate is out of control with corruption running rampant is nothing but another fine testimony of the genius of Obama.
Now maybe beastly Michelle can cook up another "healthy" recipe showing how her fool husband has nothing to do with it.
December 24th, 2017 at 2:19:27 PM
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https://www.neighborhoodscout.com/blog/highest-murder-rate-cities
The mind is like a parachute. Dead weight unless one chooses to open it.
The mind is like a parachute. Dead weight unless one chooses to open it.
The difference between fiction and reality is that fiction is supposed to make sense.
December 24th, 2017 at 2:45:57 PM
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Quote: horseNothing Illinois does should surprise anyone. It's a democratic-run state with its largest city ruled by crazed liberals. The fact that it's murder rate is out of control with corruption running rampant is nothing but another fine testimony of the genius of Obama.
Quote: billryanhttps://www.neighborhoodscout.com/blog/highest-murder-rate-cities
The mind is like a parachute. Dead weight unless one chooses to open it.
Well, from the list in billryan's link, there is indeed an Illinois city at #1 on the murder list (the only IL city on that list). I just didn't realize that the state's "largest city", allegedly "ruled by crazed liberals", was the metropolis of East St. Louis, some 300 miles from Chicago. They say to live and learn, but I think one should be careful about what they "learn."
December 24th, 2017 at 6:02:19 PM
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Wonder what would happen if you gave %'s of minorities in those top 30 cities, then stacked those figures next to Chicago. I'm thinking there must be many safe neighborhoods in Chicago to balance out the unsafe.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
December 24th, 2017 at 6:42:38 PM
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Most of the posts are by parrot soldiers. Or is it soldier parrots?
I am a robot.
December 24th, 2017 at 8:07:26 PM
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Like someone mentioned, age is a huge factor in lump sum or annuity. A 25 year old who won the Lottery has a huge chance to still be alive at age 45 so an annuity is an okay choice for him. However, his 75 year old grandfather is getting up in years, and is most likely going to be dead by 95, so a lump sum is okay. I personally used to think it was the other way around, 25 year old is young and would want to have FUN with his winnings, buying flashy jewelry, buying fast cars, big houses, alcohol, traveling, hookers, and a 75 gear old who is elderly would be over the flashy stuff of 25 year olds wants and would want to be focused on providing for his great-grandchildren, grandchildren, and children. :)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 24th, 2017 at 8:15:13 PM
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Quote: RSIf you are TLDR:
If you won a lottery for $6,000,000 would you rather get a lump sum of $4,000,000 immediately or get $300,000 a year for 20 years?
Almost certainly I'd choose the one time lump sum, I think, although I'd certainly talk to my accountant beforehand to weigh my options. AFAIK, inflation really ****s you up in this type of a situation, not to mention, a "large" amount of money can be leveraged to make more money down the road than the smaller $300k/year.
Even if you only get $2M right now after taxes and make 5% profit, that's $100k/year on that, you're better off than the $300k/year (plus taxes).
TLDNR
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
December 24th, 2017 at 8:39:08 PM
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I think possibly the wisest choice, donate it all to a charity you create, pay yourself a modest salary. Too much money is more trouble than it's worth. This way people won't kidnap you or your relatives, etc. Might even be able to escape millions in taxes by having a charity claim it, it can go to better use through your own wisdom than through government. Not really sure what lottery rules and regulations say about the plan, but I'd look into it if I won. Not sure I'd be able to give up the stable of women I always wanted, could always just go Mormon Lite.
I am a robot.
December 24th, 2017 at 8:46:50 PM
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"could always just go Mormon Lite."
Hahaha. Thanks for that. Merry Christmas!
Hahaha. Thanks for that. Merry Christmas!
If the House lost every hand, they wouldn't deal the game.
December 25th, 2017 at 2:57:07 AM
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Quote: onenickelmiracleI think possibly the wisest choice, donate it all to a charity you create, pay yourself a modest salary. Too much money is more trouble than it's worth. This way people won't kidnap you or your relatives, etc. Might even be able to escape millions in taxes by having a charity claim it, it can go to better use through your own wisdom than through government. Not really sure what lottery rules and regulations say about the plan, but I'd look into it if I won. Not sure I'd be able to give up the stable of women I always wanted, could always just go Mormon Lite.
I would assume that if you donate it ALL to a charity you create you don't have any money to give yourself a modest salary.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 25th, 2017 at 9:20:16 AM
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The charity pays you with the money you donated.Quote: NathanI would assume that if you donate it ALL to a charity you create you don't have any money to give yourself a modest salary.
I am a robot.
December 28th, 2017 at 1:41:24 AM
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If you added XTRA, you would have gotten a free ticket. 2 numbers showed up, granting you
a free ticket with XTRA. I was so close to winning almost $80! :( I picked a 32, but 31 showed up. I picked 50, and 51 showed up. I got 6 and 53! But didn't pick XTRA, so I didn't even get a free ticket! Drats! :(
a free ticket with XTRA. I was so close to winning almost $80! :( I picked a 32, but 31 showed up. I picked 50, and 51 showed up. I got 6 and 53! But didn't pick XTRA, so I didn't even get a free ticket! Drats! :(
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
December 28th, 2017 at 3:07:23 AM
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Quote: NathanIf you added XTRA, you would have gotten a free ticket. 2 numbers showed up, granting you
a free ticket with XTRA. I was so close to winning almost $80! :( I picked a 32, but 31 showed up. I picked 50, and 51 showed up. I got 6 and 53! But didn't pick XTRA, so I didn't even get a free ticket! Drats! :(
How does that make you close? 1 number off is the same as 38 numbers off.
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
December 28th, 2017 at 3:43:10 AM
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GWAE, that was extremely close. I picked a 50 and 51 popped up. I picked a 32 and 31 popped up. It really doesn't get closer than that. ;) :(
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
February 16th, 2018 at 6:08:37 AM
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Just saw a JG Wentworth commercial where they say they can buy annuities if you need cash now. I soon thought of this very thread and decided to ask if it is possible to sell Lottery annuities to them too to reverse the annuity choice. There are a number of reasons why taking the annuity seemed like a good idea at first but now suddenly you need a lump sum and the annuity is now a horrible idea.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
February 16th, 2018 at 7:49:40 AM
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Quote: NathanJust saw a JG Wentworth commercial where they say they can buy annuities if you need cash now. I soon thought of this very thread and decided to ask if it is possible to sell Lottery annuities to them too to reverse the annuity choice. There are a number of reasons why taking the annuity seemed like a good idea at first but now suddenly you need a lump sum and the annuity is now a horrible idea.
Yes, you can.
February 16th, 2018 at 8:33:48 AM
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Just caught up on the two latest pages here.
Some recent scams have con men preying on the elderly to buy annuities but to buy five annuities from different companies so as to diversify. (Utter nonsense).
Worst thing about annuities is that each payment is a combination of income and return of principal and testators often say "income from the annuity" referring to the entire payment but the law means that each payment will have an increasing bite taken out and only the income will be paid, not the return of the principle amount.
Annuities are usually a bad idea except for spendthrifts.
The lottery just goes to an insurance company and buys an annuity. Success or failure of the lottery subsequent to the purchase is meaningless.
JG Wentworth and other such companies pay pennies. I think their percentages make Pay Day Loan Companies look like charities.
Some recent scams have con men preying on the elderly to buy annuities but to buy five annuities from different companies so as to diversify. (Utter nonsense).
Worst thing about annuities is that each payment is a combination of income and return of principal and testators often say "income from the annuity" referring to the entire payment but the law means that each payment will have an increasing bite taken out and only the income will be paid, not the return of the principle amount.
Annuities are usually a bad idea except for spendthrifts.
The lottery just goes to an insurance company and buys an annuity. Success or failure of the lottery subsequent to the purchase is meaningless.
JG Wentworth and other such companies pay pennies. I think their percentages make Pay Day Loan Companies look like charities.
February 16th, 2018 at 8:36:35 AM
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Quote: FleaStiffJust caught up on the two latest pages here.
Some recent scams have con men preying on the elderly to buy annuities but to buy five annuities from different companies so as to diversify. (Utter nonsense).
Worst thing about annuities is that each payment is a combination of income and return of principal and testators often say "income from the annuity" referring to the entire payment but the law means that each payment will have an increasing bite taken out and only the income will be paid, not the return of the principle amount.
Annuities are usually a bad idea except for spendthrifts.
The lottery just goes to an insurance company and buys an annuity. Success or failure of the lottery subsequent to the purchase is meaningless.
JG Wentworth and other such companies pay pennies. I think their percentages make Pay Day Loan Companies look like charities.
I'd be pissed off if I sold my annuity to JG Wentworth and got a shabby payout.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
February 16th, 2018 at 10:24:45 AM
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Quote: NathanI'd be pissed off if I sold my annuity to JG Wentworth and got a shabby payout.
Hopefully pissed off at yourself for twice being an idiot. First to take the annuity if you won, second for selling to them. They're not in business to profit or help you.
If the House lost every hand, they wouldn't deal the game.
February 16th, 2018 at 10:31:30 AM
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Quote: beachbumbabsHopefully pissed off at yourself for twice being an idiot. First to take the annuity if you won, second for selling to them. They're not in business to profit or help you.
LMAO, Babs! :D
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D
"Man Babes" #AxelFabulous
"Olive oil is processed but it only has one
ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D
I sometimes speak in metaphors. ;) Remember this. ;)
Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D
"For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
