Saw an article today in the NY Times entitled "Take the annuity" The author said it probably is a better deal to take the 1.5billion on an annual basis rather than taking the cash. He said that way you really do get 1.5 billion..The lottery pays that amount in a 30 year annuity....but...it is called an annuity certain meaning that if you pass away..the lottery continues to pay the entire amount to your heirs. Said you also avoid the one time taxes to federal and state this way..You still pay taxes of course but only on the annual payment which is about 23million if I remember correctly....and....the money in the annuity earns about2.3% which is more than banks or most other long term investments are making right now. Was an interesting read!
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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