Which payment option would you choose if you won the lottery?
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Annual payments. Makes sure you don't blow it all at once and you are able to live comfortably.
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Re: Which payment option would you choose if you won the lottery?
With a "small" jackpot like this I'd go annual payments, it's like winning a 100k per year job. I can ride that bad boy to retirement and working becomes an option. With the a large lump sum I'd take the money and buy a small island in the Mediterranean.I've heard this "patience is a virtue" junk all my life. I'm happy to say I have no virtue, no scruples, and no desire to wait too long for anything. In my humble opinion instant gratification takes too long!
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Re: Which payment option would you choose if you won the lottery?
Lump sum. I know i'm not going to live another 30 years, so i want the lump sum to have now and invest it where i can. Even if its just for the interest.HELLO BROOKYLN.
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Re: Which payment option would you choose if you won the lottery?
Lump sum........You never know you will still be alive 30 years from now.Comment
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Re: Which payment option would you choose if you won the lottery?
Lump sum. I want the money now.Ohio State - Reds - Bengals - Blackhawks - BullsComment
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Re: Which payment option would you choose if you won the lottery?
Under your scenario, annual payments. If it was like a 100 million dollar win I'd take the lump and be fine with 50 mil.Comment
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Re: Which payment option would you choose if you won the lottery?
I'm taking "The Lump" as well, but not because I fear I won't be around in 30 years...
I'm starting to doubt that ANY agency / state entrusted with the payout might not / prob won't be be solvent long enough to get me MY $$$...
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Re: Which payment option would you choose if you won the lottery?
I'd throw it on the ground. I don't need their handouts. I'm an adult.
In all seriousness, probably lump sum. I'd probably transfer somewhere I actually wanted to live so when I finished college I could find a job there, then once I find that job I'll have enough left for a house, car, all that jazz.Member: OS Uni Snob Association | Twitter: @MyNameIsJesseG | #WT4M | #WatchTheWorldBurn
Originally posted by l3ulvlA lot of you guys seem pretty cool, but you have wieners.Comment
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Re: Which payment option would you choose if you won the lottery?
Who are you kidding? You'd buy an RV and camp outside of Zooey's house.I'd throw it on the ground. I don't need their handouts. I'm an adult.
In all seriousness, probably lump sum. I'd probably transfer somewhere I actually wanted to live so when I finished college I could find a job there, then once I find that job I'll have enough left for a house, car, all that jazz.
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Re: Which payment option would you choose if you won the lottery?
Lump sum is always the way to go. You have to add in the time value of money when it comes to the lottery. 100,000 dollars now will not be the same as 100,000 in 30 years because the value of the U.S currency could decrease/increase. You might also die within a 30 year period so the chance of you getting that full amount of money lessens.
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