zombiewizardhawk
Potato del Grande
- 9,863
- 12,786
You trust the government to pay you for the next 30 years given the all the recent shenanigans? I sure as shit wouldn't trust them with my hundreds of millions.
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You trust the government to pay you for the next 30 years given the all the recent shenanigans? I sure as shit wouldn't trust them with my hundreds of millions.
Siliconemelons
Naxxramas 1.0 Raider
- 11,839
- 17,788
Mountain land, crazy nice house and my personal trumpwall.
still have millions and millions left.
still have millions and millions left.
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Hoss
Make America's Team Great Again
- 27,180
- 15,291
The better question is why take the annual payments? I figured the only people who take the payments just forgot to check the lump sum box on the playslip.
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Noodleface
A Mod Real Quick
- 38,268
- 15,089
Can you imagine giving up several hundred million dollars? I'd take the annual. On 750 million thats like 25 million a year
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Yeah the second you do that some bullshit depression happens and the state goes bankrupt or something
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Hoss
Make America's Team Great Again
- 27,180
- 15,291
You still give up all that money. The 750 million dollars is not there. It's a lie. What's there is the amount you get if you take the lump sum. They invest it and pay you over 30 years so they can advertise a bigger number. You can get a better return than the lottery commission does. Put that money in a very conservative investment and you still come out ahead.
There actually is a decent reason to take the payments, and that's if you are a blithering idiot and you know it. I mean, grade A weaponized retard when it comes to money. Taking the payments will allow you a chance to learn on a curve. Hopefully you have the foresight to put it all in a trust so your family can get paid if you kill yourself.
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Mizake
Trakanon Raider
- 965
- 2,071
Annual is only good if you have no impulse control and might be one of those idiots who spends it all in a year and goes broke. Otherwise you are losing money by not taking the lump sum.
As people have already stated, you can make up the difference with investments.
Also, don't forget about inflation. 20 years from now that money is gonna be worth a whole lot less in terms of purchasing power. Think about how much a gallon of gas or milk costs today compared to 20 years ago. The $25 million you take today is worth $25 million.....the $25 million you take in the year 2037 might only be worth $15 million in 2017 dollars. This is why you can't just take cash and bury it and hope to dig it up in 20 years and live off of it, because inflation will kill you. You need to invest to overcome the lose of purchasing power due to inflation.
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chthonic-anemos
bitchute.com/video/EvyOjOORbg5l/
- 8,606
- 27,289
AladainAF
Best Rabbit
- 12,914
- 31,015
Nemesis
Bridgeburner
- 1,195
- 628
Nester
Vyemm Raider
- 4,978
- 3,183
You do understand that if you put the $300mm you get after tax in 5% return investment you get $15mm a year and still get to keep the $300mm?
Do you want $25mm a year or $15 mill a year and $300 mill up front?
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Does this mean its equivalent to finding a dollar in a hotel room couch?
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Gamma Rays
Large sized member
- 4,004
- 9,585
Here in Aus, you don't have to pay tax on anything you win, Lottery = you get it all.
However . . . our lotteries aren't that massive.
That said, there is a gambling website, where you can 'bet on the outcome' of these huge US lotteries. Something like you pick the numbers and are placing a bet. If it comes up they pay you the winning amount, or lower divisions etc if you get them.
I'm guessing they hedge themselves by placing bets that then cover themselves if such a thing happens.
However . . . our lotteries aren't that massive.
That said, there is a gambling website, where you can 'bet on the outcome' of these huge US lotteries. Something like you pick the numbers and are placing a bet. If it comes up they pay you the winning amount, or lower divisions etc if you get them.
I'm guessing they hedge themselves by placing bets that then cover themselves if such a thing happens.
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Just be smart. 50 million to play with, 200 million trust fund at 5ish percent for kids & 50 million invested in family trust at 5%-10% return= SHOULD LAST pretty much forever.
me? I'd get a property in the Caribbean or aruba area (5 ish million ) buy a summer home somewhere, new car, new computers for family, 1 million for kids college funds other than that, a decent sized boat not a mega yacht, maybe something 50 ish feet in length maybe a million or two cost.
me? I'd get a property in the Caribbean or aruba area (5 ish million ) buy a summer home somewhere, new car, new computers for family, 1 million for kids college funds other than that, a decent sized boat not a mega yacht, maybe something 50 ish feet in length maybe a million or two cost.
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200 million in a trust for kids seems excessive unless you have ~5,000 children.
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You'd be paying a crazy amount in gift tax on 200 million given to a trust for your kids.
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