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soccerchamp76 · 11-22-2003, 10:44 PM

Annuity, here is why: Most people that win the lottery end up bankrupt. Why, you ask? Most people are dumb and blow all the money and buy everyone they know a house/car etc. They end up in debt and the money is gone. With the annuity, you KNOW that EACH year you will get a restock of money, say $500,000.

My plan: Retire, become a teacher.
With $500,000 each year you could buy a million dollar mansion (let's say mortgage it for 5 years or so, at a $1.5 million dollar house; $300,000/yr). That leaves you with $200,000 for a car/bills/etc. plus the teaching money. You buy a top of the line Mercedes/BMW for you and your wife/husband. That is only the first year. After your mortgage is paid off, you both have cars, you now have $500,000 of disposable cash each year for 35 years. Now you start saving and just enjoying life.

11-22-2003, 10:44 PM	#37 (permalink)
soccerchamp76 Go Cardinals Location: St. Louis/Cincinnati	Annuity, here is why: Most people that win the lottery end up bankrupt. Why, you ask? Most people are dumb and blow all the money and buy everyone they know a house/car etc. They end up in debt and the money is gone. With the annuity, you KNOW that EACH year you will get a restock of money, say $500,000. My plan: Retire, become a teacher. With $500,000 each year you could buy a million dollar mansion (let's say mortgage it for 5 years or so, at a $1.5 million dollar house; $300,000/yr). That leaves you with $200,000 for a car/bills/etc. plus the teaching money. You buy a top of the line Mercedes/BMW for you and your wife/husband. That is only the first year. After your mortgage is paid off, you both have cars, you now have $500,000 of disposable cash each year for 35 years. Now you start saving and just enjoying life. __________________ Brian Griffin: Ah, if my memory serves me, this is the physics department. Chris Griffin: That would explain all the gravity.