I wouldn't tell anybody I won
Not even family members
They can't ask for nothing they don't know about
Not even family membersThey can't ask for nothing they don't know about
Powerball 350 million and MegaMillions 170
- Thread starter Mr210
- Start date
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The East
would ya'll take the annuity payments or the one time cash out payment thou?
Annuity
$350,000,000
Gross Prize 30 average annual payments of $11,666,667
- 25% Federal Tax - $2,916,667
Subtotal $8,750,000
- State Tax
or
Cash
$222,800,000
Lump-sum cash: $222,800,000
-25% Federal Tax - $55,700,000
Subtotal $167,100,000
- State Tax
I'm going with annuity and continue about my daily life. But i know some of ya'll are gonna be
and take the one time cash out.
Powerball Jackpot Analysis
Annuity
$350,000,000
Gross Prize 30 average annual payments of $11,666,667
- 25% Federal Tax - $2,916,667
Subtotal $8,750,000
- State Tax
or
Cash
$222,800,000
Lump-sum cash: $222,800,000
-25% Federal Tax - $55,700,000
Subtotal $167,100,000
- State Tax
I'm going with annuity and continue about my daily life. But i know some of ya'll are gonna be
and take the one time cash out. Powerball Jackpot Analysis
I bet I got more money than you right now tho.
I know what I'm doing. Just stick to making bad threads and non-sensical posts and don't worry about "us"
would ya'll take the annuity payments or the one time cash out payment thou?
Annuity
$350,000,000
Gross Prize 30 average annual payments of $11,666,667
- 25% Federal Tax - $2,916,667
Subtotal $8,750,000
- State Tax
or
Cash
$222,800,000
Lump-sum cash: $222,800,000
-25% Federal Tax - $55,700,000
Subtotal $167,100,000
- State Tax
I'm going with annuity and continue about my daily life. But i know some of ya'll are gonna be
Powerball Jackpot Analysis
My thing is, yeah overall, it's better to take the annual payments...especially in this case since the amount is so high.
BUT, what if the bottom drops out on the lotto 5 years from now and they go outta business?
They might be like,
, "ummm, we can't pay you...SORRY." Is there some sort of insurance protection in case this happens?
I wouldn't tell anyone--not even family. And I would sit on the ticket for a month.
I would continue to go to work.
In the meantime, I'd do as much as I can to legally protect myself. I'd scrub my online presence. Photocopy the ticket and store the original in a safe place.
If I'm in a state where I can anonymously claim the prize, I'd do it. I still wouldn't let my family know until maybe a year later!
I would continue to go to work.
In the meantime, I'd do as much as I can to legally protect myself. I'd scrub my online presence. Photocopy the ticket and store the original in a safe place.
If I'm in a state where I can anonymously claim the prize, I'd do it. I still wouldn't let my family know until maybe a year later!
would ya'll take the annuity payments or the one time cash out payment thou?
Annuity
$350,000,000
Gross Prize 30 average annual payments of $11,666,667
- 25% Federal Tax - $2,916,667
Subtotal $8,750,000
- State Tax
or
Cash
$222,800,000
Lump-sum cash: $222,800,000
-25% Federal Tax - $55,700,000
Subtotal $167,100,000
- State Tax
I'm going with annuity and continue about my daily life. But i know some of ya'll are gonna be
Powerball Jackpot Analysis
I'm gonna pick cash out because you never know when your time on earth is up. Id like to know I've had it all in my possession. Even though I'd be losing money,I wouldn't be able to spend it all anyway
But there is no wrong answer. Lump sum or payments,doesn't matter. Either way we'd be set for life:naswon:
would ya'll take the annuity payments or the one time cash out payment thou?
Annuity
$350,000,000
Gross Prize 30 average annual payments of $11,666,667
- 25% Federal Tax - $2,916,667
Subtotal $8,750,000
- State Tax
or
Cash
$222,800,000
Lump-sum cash: $222,800,000
-25% Federal Tax - $55,700,000
Subtotal $167,100,000
- State Tax
I'm going with annuity and continue about my daily life. But i know some of ya'll are gonna be
Powerball Jackpot Analysis
I'd take the lump sum. Time value of money. Plus, I don't think those payments down the line are inflation adjusted.
⠀⠀⠀
TILL THIS DAY!
i will be picking up a ticket for both
would ya'll take the annuity payments or the one time cash out payment thou?
Annuity
$350,000,000
Gross Prize 30 average annual payments of $11,666,667
- 25% Federal Tax - $2,916,667
Subtotal $8,750,000
- State Tax
or
Cash
$222,800,000
Lump-sum cash: $222,800,000
-25% Federal Tax - $55,700,000
Subtotal $167,100,000
- State Tax
I'm going with annuity and continue about my daily life. But i know some of ya'll are gonna be
Powerball Jackpot Analysis
Last edited by a moderator:
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The East
My thing is, yeah overall, it's better to take the annual payments...especially in this case since the amount is so high.
BUT, what if the bottom drops out on the lotto 5 years from now and they go outta business?
They might be like,
Is there some sort of insurance protection in case this happens?
Good point, not sure about the insurance breh. They have to have some kind of agreement and terms to go along with the payment (Power of Attorney, ETC.) Hmm, might reconsider. I'm doing pretty well financial wise, could use some money here and there for a vacay new house. Not trying to get lazy and use up all that money on some horrible investments.
would ya'll take the annuity payments or the one time cash out payment thou?
Annuity
$350,000,000
Gross Prize 30 average annual payments of $11,666,667
- 25% Federal Tax - $2,916,667
Subtotal $8,750,000
- State Tax
or
Cash
$222,800,000
Lump-sum cash: $222,800,000
-25% Federal Tax - $55,700,000
Subtotal $167,100,000
- State Tax
I'm going with annuity and continue about my daily life. But i know some of ya'll are gonna be
Powerball Jackpot Analysis
When the total is that high, the lump sum is the only option.
dont be like this breh and pay everyones rent on your street 
$338M NJ Powerball winner pledges to pay rent for his entire block | Lottery Post
$338M NJ Powerball winner pledges to pay rent for his entire block | Lottery Post
everyone does nothing but regurgitate what they heard people say what they should do. Hire a lawyer
Basically what you saying is keep my own money from me.
What, you goin tell a lawyer that you just fell into 230 million, cash. And then TRUST him cause he got some degree
That same lawyer goin sit there and not respect you cause he goin feel like youre just a random monkey, and dont deserve it. and you goin trust him to be the strong arm handling your money
Ration your spending, keep a thick cushion baseline and live off interest. Anything other than purposes of hiding your identity id say **** a lawyer. Anybody who can explain any further benefits of a lawyer, feel free to drop some gems, im listening
Basically what you saying is keep my own money from me.
What, you goin tell a lawyer that you just fell into 230 million, cash. And then TRUST him cause he got some degree
That same lawyer goin sit there and not respect you cause he goin feel like youre just a random monkey, and dont deserve it. and you goin trust him to be the strong arm handling your money
Ration your spending, keep a thick cushion baseline and live off interest. Anything other than purposes of hiding your identity id say **** a lawyer. Anybody who can explain any further benefits of a lawyer, feel free to drop some gems, im listening
Yeah, that annuity is tempting tho.
You make basically 9 million a year plus whatever investments you have. And in some way it could make you more disciplined and not blow it blindly and still go about ur everyday life to a degree.
HOWEVER
If you're 29-30 years old when you win, what are the guarantees you will live until you're 60 see the payoff? And those are all your good years so why not take the lump sum?