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Author Topic: Would you take a Lump Sum or Annuity? [Locked]
the_great_intex  4 stars
Title: This is what cool looks like
Posts: 1,669
Registered: 2002-6-27 08:18:27
Lump sum for sure. Never know about inflation and whatnot in the future. There's no reason not to take the lumpsum

 

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Thugoneous  4 stars
Title: Watching Caliente, BRB.
Posts: 1,128
Registered: 2002-11-2 18:00:54
lump sum and I would spend it all on gold!

 

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Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
Well, except for being unable to spend it responsibly (like 90% of lottery winners) and paying a lot more in taxes.
Jorrdan  2 stars
Posts: 293
Registered: 2001-10-19 07:31:24
Altra_Shadowstalker posted:

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.





And you are seriously considering it....

Because you are going to win?

 

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Eh.
Altra_Shadowstalker  4 stars
Posts: 1,266
Registered: 2002-1-17 11:48:15
Jorrdan posted:

Altra_Shadowstalker posted:

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.





And you are seriously considering it....

Because you are going to win?



I was wondering if anyone was going to catch that.


Gotta fake it til you make it!

 

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-Espiritu-  2 stars
Posts: 269
Registered: 2004-11-29 18:27:00
take lump sum


Put $20,000,000 into an immediate annuity. $50,000+/month for life.


Spend the other ~$300,000,000 on crank.

 

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Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
3% is about the breakeven point.


If you think you can do better than 3% a year every year, get the lump sum.
Lyndrek  3 stars
Title: Moderator
Lynx Mod

Posts: 679
Registered: 1999-11-22 12:41:54
lump sum actually gives you more money in the long run due to inflation.

the difference between the annuity and the lump sum is: the annuity they invest it and give you part of the profits over the years (not all the profit they make from the investment just some.) lump sum they give you all the money they really have and you can do with it what you w ant (you should invest it and thereby gain more per year then the annuity would gain.

 

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Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
lump sum to do the sad state of currency devaluation by the government

 

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IMHO  4 stars
Title: Official Outpost Greeter
Posts: 2,287
Registered: 2001-11-1 03:55:02
lump sum... in pennies

 

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