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grantcart

(53,061 posts)

13. In most cases the winners would be better taking the annuity

Reply to Bengus81 (Reply #4)

Sun Aug 20, 2017, 01:07 PM

Aug 2017

Taking care of liquid assets that large require practice just like anything else. Many of the winners would have been better served to slowly absorb the winnings and gradually learn how to manage assets.

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Highlight:

No winner of Powerball jackpot - prize grows to $650 million [View all] TexasTowelie Aug 2017 OP

I heard all the news... Mike Nelson Aug 2017 #1

You have to ask for the specific lottery game. TexasTowelie Aug 2017 #2

Nah...the retailer has nothing to do with a winner taking a lump sum win or installments.......... Bengus81 Aug 2017 #5

Thank you... Mike Nelson Aug 2017 #8

Just say "I want a Powerball ticket" broadcaster90210 Aug 2017 #15

Those were "scratch" cards in glass case. Lottery play slips are oasis Aug 2017 #20

The game with this huge jackpot right now is Powerball....... Bengus81 Aug 2017 #6

Thank you... Mike Nelson Aug 2017 #9

hehehe I had a similar experience buying a ticket before xor Aug 2017 #19

If you told the clerk that you wanted one with the big jackpot, you would have been golden...LOL Trust Buster Aug 2017 #3

That "annunity" amount they post showing the jackpot is ridiculous..... Bengus81 Aug 2017 #4

In most cases the winners would be better taking the annuity grantcart Aug 2017 #13

My problem is . ... broadcaster90210 Aug 2017 #16

$14 - $16 million net a year depending on the state. Seems like a good approach. xor Aug 2017 #21

The odds are long; however a single $2 play...why not! EarthFirst Aug 2017 #7

I'll just take the cash please, they can keep the ticket. I'm sure the check is in the mail. Augiedog Aug 2017 #10

I've heard people say... cannabis_flower Aug 2017 #11

Agreed broadcaster90210 Aug 2017 #17

I have never bought a lottery ticket. Hubby used to but gave it up. CTyankee Aug 2017 #12

No State tax in some states on lotto wins. broadcaster90210 Aug 2017 #18

I don't understand people. Cold War Spook Aug 2017 #14

I play the numbers my mother played for years for the Texas lottery TexasBushwhacker Aug 2017 #24

After Tax Amounts State By State... ozone82 Aug 2017 #22

Is the jackpot after taxes big enough to buy the 2020 election or an impeachment? Yonnie3 Aug 2017 #23