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Author Topic: Would you take a Lump Sum or Annuity? [Locked]
Altra_Shadowstalker  4 stars
Posts: 1,266
Registered: 2002-1-17 11:48:15
And is that because you're old?

 

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Altra_Shadowstalker  4 stars
Posts: 1,266
Registered: 2002-1-17 11:48:15
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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"Goddammit, Swearengen, I don't trust you as far as I could th'ow you, but I enjoy the way you lie."
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Afio  3 stars
Title: Belle of the Bull
Posts: 748
Registered: 2002-3-19 16:18:03
Lump sum

 

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cabbyman  2 stars
Posts: 441
Registered: 2003-1-6 07:48:53
Lump sum

 

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Coriolus  3 stars
Title: Outpost Ice Mexican
Posts: 905
Registered: 2002-5-17 06:20:48
Afio posted:

Lump sum

 

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Tych2  4 stars
Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
Afio posted:

Lump sum

This. No other answer should ever be considered.

 

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Groucho48  3 stars
Posts: 821
Registered: 2003-10-22 03:00:14
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  4 stars
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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  1 star
Title: Raging Alcoholic?
Posts: 107
Registered: 2002-12-24 02:30:36
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  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
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.