On Wed, 13 Jan 2016 21:07:13 -0800 (PST), Tim
wrote:


10:25 AMamdx
- show quoted text -
Don't get to excited, if you take the lump sum payment, after taxes
you'll be lucky to have $600 Million to scrimp by on.
I'm frugal though, that could last the rest of my life :-)

Mikek
----

And, if YOU win and decide to take the payments, and in the course, YOU die, all payments stop. The payments were to YOU and not to a beneficiary.

In that regard, you should turn in the ticket in your name, your wife
and the kids if you are taking the annuity. Personally I would take
the cash. There are people now in Ohio who are just getting an IOU
because the state is broke. I wouldn't trust the government to come up
with 50 million a year for 30 years.

On Thursday, January 14, 2016 at 12:37:17 AM UTC-6, wrote:
On Wed, 13 Jan 2016 21:07:13 -0800 (PST), Tim
wrote:


10:25 AMamdx
- show quoted text -
Don't get to excited, if you take the lump sum payment, after taxes
you'll be lucky to have $600 Million to scrimp by on.
I'm frugal though, that could last the rest of my life :-)

Mikek
----

And, if YOU win and decide to take the payments, and in the course, YOU die, all payments stop. The payments were to YOU and not to a beneficiary.

In that regard, you should turn in the ticket in your name, your wife
and the kids if you are taking the annuity. Personally I would take
the cash. There are people now in Ohio who are just getting an IOU
because the state is broke. I wouldn't trust the government to come up
with 50 million a year for 30 years.

Greg, I don't know about Ohio but Illinois wasn't paying anything above a small amount in the Illinois lottery because they didn't have a balanced budget signed in. I think some lawsuits againt the state kinda cured that, though

Tim wrote:
On Thursday, January 14, 2016 at 12:37:17 AM UTC-6, wrote:
On Wed, 13 Jan 2016 21:07:13 -0800 (PST), Tim
wrote:

10:25 AMamdx
- show quoted text -
Don't get to excited, if you take the lump sum payment, after taxes
you'll be lucky to have $600 Million to scrimp by on.
I'm frugal though, that could last the rest of my life :-)

Mikek
----

And, if YOU win and decide to take the payments, and in the course, YOU die, all payments stop. The payments were to YOU and not to a beneficiary.
In that regard, you should turn in the ticket in your name, your wife
and the kids if you are taking the annuity. Personally I would take
the cash. There are people now in Ohio who are just getting an IOU
because the state is broke. I wouldn't trust the government to come up
with 50 million a year for 30 years.
Greg, I don't know about Ohio but Illinois wasn't paying anything above a small amount in the Illinois lottery because they didn't have a balanced budget signed in. I think some lawsuits againt the state kinda cured that, though

They need Al Gore's "lock box" in IL!

https://www.youtube.com/watch?v=F9pqmW-D14I