Snap Poll

 

1. Exactly. She should borrow against her winnings and not pay taxes on the loan.  Then she should work with all her soul in getting taxes lowered for the future for everybody.

   Freedom SWAT Team?

   Posted by Z Woof       01/04/2005  at  09:46 AM  



2. Oh boy!  A problem in the sparking subject of future value and annuities.  I was a stock broker before retarding (don’t tell my Mother, she thinks I played piano in a whorehouse)
   This is where we got the word ‘mortgage’—the dead hand—the debt that continues beyond the principals’ lifetimes.
   A million dollars paid out over 20 years isn’t worth a million dollars even if you’re 20 years old.  Give me the current interest rate and I’ll whip it out (my Hewlett Packard 12C) and tell you what it is worth today.
   Tell the old lady to cash in her lottery annuity with one of the companies that buys
   them and take the money.

   Posted by Oink       01/04/2005  at  09:58 AM  



3. Oink is right. Cash in the annuity and forget about it. Or better yet, let me manage it for her. 

   Posted by The Skipper       01/04/2005  at  10:14 AM  



4. I think she should play by the rules, and yea a cash out from a company is good....BUT....why, if she knew the rules, did she not have a contract drawn up and let a younger person in the family claim the ticket?

   just sayin, ya know, but it seems to me that would have been the smart way to go.
   Sir Knight

   Posted by Sir Knight       01/04/2005  at  10:21 AM  



5. True, Sir Knight, assuming you have a younger person in the family you can trust with money. 
   When selling clients on living trusts I would say, “Now I’m sure your kids could manage your money perfectly well ...” You could see their eyes narrow and their hands clutch their billfolds and purses.

   Posted by Oink       01/04/2005  at  10:34 AM  



6. Anybody that is over 90 fucking years old
   has no business playing games of chance.

   They are too old to play games. They are
   too old to leave even their next breath
   to chance and if they are still trying to
   do business they are not too good at it.

   Posted by Steel Turman       01/04/2005  at  12:08 PM  



7. Hell yeah!!  Her survival of 90+ years has earned it for her.

   The cheap bastards in Boston just don’t want to pay the full value of the prize out.

   Would her heirs get any of the unpaid value of the prize in the event of her death?

   Posted by MAJ Mike       01/04/2005  at  01:10 PM  



8. Come on frank oinks right.  She should take all her money and buy Long Term Care (LTC) insurance or Jeb says she can’t come into Florida, sorry.  And the commissions are so much higher too.

   Posted by Z Woof       01/04/2005  at  02:24 PM  



9. We all better hope no one in her family decides to kill her off for whatever inheritance she receives from the lottery....

   Posted by Macker       01/05/2005  at  12:52 AM  

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