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which would you choose?

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Old Aug 14, 2006 | 01:22 PM
  #11  
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Originally Posted by RB
Lump sum. The payments add up to more in nominal dollars, but you aren't earning any interest on that money that they haven't paid you. Taking the lump sum then investing a portion of it will easily yield you as much or more in real dollars (adjusted for inflation, etc).
:werd:

Besides the power of a dollar today is greater than it is tomorrow. If you get $100,000 a year over 20 years the value of the money slowly deminishes and in today's dollars that $100,000 20 years from now is not as much.

Best bet is to take it all now and dump it into a varying array of investments. Stocks, bonds, IRA, 529's if you have kids, and real estate. That way you can build a nest egg for yourself and plan to leave some for your decendants.
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Old Aug 14, 2006 | 01:58 PM
  #12  
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Lump sum. You can invest and make more than the original amount. Of course if I won I would be putting in my order for this, or maybe a little larger:

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Old Aug 14, 2006 | 02:03 PM
  #13  
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Lump sum, annuity payments stop and are nontransferrable in the event of the winners death.
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Old Aug 14, 2006 | 02:05 PM
  #14  
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i'm only 26....if i'm gonna die in less than 20 years, i got bigger problems to worry about
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Old Aug 14, 2006 | 02:06 PM
  #15  
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Originally Posted by joebenz
i'm only 26....if i'm gonna die in less than 20 years, i got bigger problems to worry about
So you have all this money coming in and you go on vacation. while on vacation you decide to do some parasailing and the chute fails dropping you to your death.

Shit happens and what if you got in a car wreck as you were leaving the lottery office?
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Old Aug 14, 2006 | 02:10 PM
  #16  
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sorry for having a positive outlook on life hfawk:
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Old Aug 14, 2006 | 02:12 PM
  #17  
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Originally Posted by joebenz
sorry for having a positive outlook on life hfawk:
well just being a realist. They say your chances of death on the way to the lottery office to cash a winning ticket is multiplied something like 300%, besides that having that kind of money will make you a target. People get your name whether you sign the release or not.
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Old Aug 14, 2006 | 02:19 PM
  #18  
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Originally Posted by joebenz
sorry for having a positive outlook on life hfawk:
fuck that what if the lotto went out of buisness? then your asked out while we sit with our lump sum you will be fucked! :madr:

-edit

to add if that happend then we would have to take care of you and ling.
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Old Aug 14, 2006 | 02:25 PM
  #19  
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lump sum fo sheezy.

ill go out in a fucking blaze of glory.
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Old Aug 14, 2006 | 02:30 PM
  #20  
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you have to play the lottery to win anyway....and i dont have money to throw away every week
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