Comments on: Which option did you initially choose, cash or annuity? How were your winnings affected by the cash option? H? http://www.annuitypurchaseblog.com/annuity-cash/which-option-did-you-initially-choose-cash-or-annuity-how-were-your-winnings-affected-by-the-cash-option-h Buy Annuities and Annuity Information Sat, 24 Jul 2010 03:06:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Laura http://www.annuitypurchaseblog.com/annuity-cash/which-option-did-you-initially-choose-cash-or-annuity-how-were-your-winnings-affected-by-the-cash-option-h/comment-page-1#comment-1039 Laura Thu, 25 Jun 2009 01:53:59 +0000 http://www.annuitypurchaseblog.com/annuity-cash/which-option-did-you-initially-choose-cash-or-annuity-how-were-your-winnings-affected-by-the-cash-option-h#comment-1039 You can try http://www.clickzu.com for annuity. It will give you more choice to compare rather than base on one service. The more information the better your choice.<br><b>References : </b><br> You can try http://www.clickzu.com for annuity. It will give you more choice to compare rather than base on one service. The more information the better your choice.
References :

]]> By: Reena http://www.annuitypurchaseblog.com/annuity-cash/which-option-did-you-initially-choose-cash-or-annuity-how-were-your-winnings-affected-by-the-cash-option-h/comment-page-1#comment-1038 Reena Thu, 25 Jun 2009 01:37:59 +0000 http://www.annuitypurchaseblog.com/annuity-cash/which-option-did-you-initially-choose-cash-or-annuity-how-were-your-winnings-affected-by-the-cash-option-h#comment-1038 I am assuming you are talking about winning a State Lottery: The cash option - gives you a portion of your winnings in cash and assumes you invest wisely for the next 20 years and therefore increase your wealth by compounding interest. You may end up with as little as a 1/3 of your "winnings". The 20 year annuity - pays out winnings over a 20 year period. You will receive the total of your winnings broken down over 20 years and your "money" that is held by the State Lottery, waiting to be paid to you, does not accrue interest. If you are 40 years or younger.... take the annuity. Why bother trying to do a better job than the State Lottery could? You will have enough to live happily ever after as long as you don't adopt the life style of the rich and stupid. If you are around 50 and up... you need to seriously ask yourself: Am I healthy enough to be around for the next 20 years to collect all of my winnings? Because if you are to die before the 20 years are up... chances are your kids do not inherit the annuity. They didn't win it... only you did. If you are between 40 and 50.... toss a coin.<br><b>References : </b><br> I am assuming you are talking about winning a State Lottery:

The cash option – gives you a portion of your winnings in cash and assumes you invest wisely for the next 20 years and therefore increase your wealth by compounding interest. You may end up with as little as a 1/3 of your "winnings".

The 20 year annuity – pays out winnings over a 20 year period.
You will receive the total of your winnings broken down over 20 years and your "money" that is held by the State Lottery, waiting to be paid to you, does not accrue interest.

If you are 40 years or younger…. take the annuity. Why bother trying to do a better job than the State Lottery could? You will have enough to live happily ever after as long as you don't adopt the life style of the rich and stupid.

If you are around 50 and up… you need to seriously ask yourself:
Am I healthy enough to be around for the next 20 years to collect all of my winnings? Because if you are to die before the 20 years are up… chances are your kids do not inherit the annuity. They didn't win it… only you did.

If you are between 40 and 50…. toss a coin.
References :

]]> By: jle4044 http://www.annuitypurchaseblog.com/annuity-cash/which-option-did-you-initially-choose-cash-or-annuity-how-were-your-winnings-affected-by-the-cash-option-h/comment-page-1#comment-1037 jle4044 Thu, 25 Jun 2009 01:07:59 +0000 http://www.annuitypurchaseblog.com/annuity-cash/which-option-did-you-initially-choose-cash-or-annuity-how-were-your-winnings-affected-by-the-cash-option-h#comment-1037 I assume you mean winning the lottery? If you take the cash option, you'll only get about half the award and get nailed harder on taxes. Why? When you take the annuity, they keep the money invested and the interest is what makes up a big portion of the winnings for the next 26 years. If you say, "pay me off NOW", you just sacrificed that interest which is why the winnings are less.<br><b>References : </b><br> I assume you mean winning the lottery? If you take the cash option, you'll only get about half the award and get nailed harder on taxes. Why? When you take the annuity, they keep the money invested and the interest is what makes up a big portion of the winnings for the next 26 years. If you say, "pay me off NOW", you just sacrificed that interest which is why the winnings are less.
References :

]]>