Powerball 350 million and MegaMillions 170
- Thread starter Mr210
- Start date
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?
You'd make more money in the long run taking the lump sum, the interest your lump sum would generate would be anywhere from 1/3rd or 1/2th of what the annuity payments are.
A million dollars typically generates around $30,000-40,000 a year alone.
I'm going annual payments cause I know with lumpsum I'll be broke within a few years 
With annual payments if you fukk up, you can at least get paid again within a year. I'm also moving to some upscale neighborhood and doing this through the streets
With annual payments if you fukk up, you can at least get paid again within a year. I'm also moving to some upscale neighborhood and doing this through the streets
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.
You don't even have to put the money in super high-risk investments.
You can focus on low-risk, passive investments.
Like someone else said, 4% ROI is going to get you $40K on $1 million. 4% on $100 million will get you $4 million. We're talking about a $200 million dollar haul.
Take half of it and invest at 4%/year. Take the other half and have fun.
Bbwlover504
Superstar
Is it to late to buy tickets? When's the drawing?
For powerball its Wednesday and Saturday around 10:50 pm EST,
What would y'al do if you won that night?
Would you go to sleep and get up early in the morning to drive to the lotto office? (I guess for me it'd be in Austin) Or would you stay up all night with your ticket right next to you to make sure nothing funny happened to it? Would you get in your car right then and get ready to head to the ticket office so you can be there when they open? Would you telll ur parents so they can come over and help you drive?
I dont know what i'd do....I'd be paranoid as hell until I got that check in my hand.
But after I get that check..........
I'd lock myself in my bathroom that night with a box of oatmeal cream pies and a 12 pack of Pepsi while playing Drake's 'No New Friends' with the ticket inside of my underwear ... layered in 4 pair to make sure it didn't slip out.
Yung Yogurt
Culo Season
They better not let a nikka like me win because Imma go real dumb and I ain't talking about stunting...imma pay somebody to slap jay-z and shyt along those lines. Imma have a lot of fun wit my dough, fukk "balling out".
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 beand take the one time cash out.
Powerball Jackpot Analysis
From 350,000,000 to 167,000,000 One Time Cash Out.
Trash Ass Government
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
He paid his child support off. all $29, 000 of it
Id pay that shyt off in all pennies
He paid his child support off. all $29, 000 of it
Id pay that shyt off in all pennies
You know his ex/baby momma gotta be the madest bytch in the world right now, especially if she ended it with him.
Yea but his child support payments bout to go through da roof! Unless his kids are older like 21 and shyt
PUT IN WORK
The East
Did you include your state tax into play? or are you living in the "no state tax on lottery" states?From 350,000,000 to 167,000,000 One Time Cash Out.