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-   -   Chiefs Mega Millions at $1.1 BILLION (https://chiefsplanet.com/BB/showthread.php?t=344610)

ThaVirus 07-28-2022 12:14 PM
Better question: would you take the lump sum or annuity?

I know they say you can take the lump sum and make more in returns off interest by investing wisely, but I feel like there's potential to lose a lot (in a bad market, like now) and the idea of massive amounts of money hitting my account yearly is just so attractive.

I'd be an annuity guy.

Eureka 07-28-2022 12:17 PM
Quote:
Originally Posted by Hog's Gone Fishin (Post 16385689)
Quote:
Originally Posted by ptlyon (Post 16385700)
Like Tommy in shawshank said "Just gimme that chance!"
<iframe width="560" height="315" src="https://www.youtube.com/embed/xIoY3p-P7vM" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Fish 07-28-2022 12:35 PM
Quote:
Originally Posted by ThaVirus (Post 16385714)
Better question: would you take the lump sum or annuity?

I know they say you can take the lump sum and make more in returns off interest by investing wisely, but I feel like there's potential to lose a lot (in a bad market, like now) and the idea of massive amounts of money hitting my account monthly is just so attractive.

I'd be an annuity guy.
Definitely annuity. I don't trust myself, let alone others with that lump sum. I figure it's much easier having a yearly guaranteed allotment. Keep me from doing something too stupid. :D

Gary Cooper 07-28-2022 12:48 PM
I would burn the winning ticket on live television. It would be the strongest exhibition of free will in the history of humankind. And I want to be rich keep in mind.

Dostoevsky would be proud.

Abba-Dabba 07-28-2022 12:51 PM
Both annuity or payout would need to be handled by a trust. You have to put your faith in someone(s) to best manage that money at some point.

Abba-Dabba 07-28-2022 12:52 PM
Quote:
Originally Posted by JudasRising20 (Post 16385803)
I would burn the winning ticket on live television. It would be the strongest exhibition of free will in the history of humankind. And I want to be rich keep in mind.

Dostoevsky would be proud.
Or you could be remembered as an incredible dumbass who could have fed the poor with your winnings.

O.city 07-28-2022 12:53 PM
Quote:
Originally Posted by ThaVirus (Post 16385714)
Better question: would you take the lump sum or annuity?

I know they say you can take the lump sum and make more in returns off interest by investing wisely, but I feel like there's potential to lose a lot (in a bad market, like now) and the idea of massive amounts of money hitting my account yearly is just so attractive.

I'd be an annuity guy.
Quote:
Originally Posted by Fish (Post 16385775)
Definitely annuity. I don't trust myself, let alone others with that lump sum. I figure it's much easier having a yearly guaranteed allotment. Keep me from doing something too stupid. :D
Take the lump sum.

Set up a trust that pays you out so much at a time if you don't trust yourself.

Don't immediately sign the ticket if you win, then you can't get the cash anonymously. Set up a trust that can claim it without having to disclose your name.

ptlyon 07-28-2022 12:55 PM
I don't know how it works. If you take the annuity does it stop if you die? Or would it keep going into the trust if you did?

Lucky for Life you can win $1,000 a day for life, but what about Powerball or mega millions?

Abba-Dabba 07-28-2022 12:55 PM
Quote:
Originally Posted by O.city (Post 16385820)
Take the lump sum.

Set up a trust that pays you out so much at a time if you don't trust yourself.

Don't immediately sign the ticket if you win, then you can't get the cash anonymously. Set up a trust that can claim it without having to disclose your name.
Would annuity payments of 25 million a year need to be handled by a trust?

Abba-Dabba 07-28-2022 12:56 PM
Quote:
Originally Posted by ptlyon (Post 16385823)
I don't know how it works. If you take the annuity does it stop if you die? Or would it keep going into the trust if you did?

Lucky for Life you can win $1,000 a day for life, but what about Powerball or mega millions?
You can pass the annuity off to heirs.

ToxSocks 07-28-2022 12:57 PM
Lump sum.

And if i happen to blow through it with reckless abandon then you can bet your ass i lived life to the fullest.

You get one life. Live it. Take care of your fam, make sure they're set for life and **** the rest.

KCUnited 07-28-2022 12:58 PM
Quote:
Originally Posted by ptlyon (Post 16385823)
I don't know how it works. If you take the annuity does it stop if you die? Or would it keep going into the trust if you did?

Lucky for Life you can win $1,000 a day for life, but what about Powerball or mega millions?
You can pass it but I believe its taxed again at that point

ptlyon 07-28-2022 01:00 PM
Oh well, doubt I'd survive my first trip to Amsterdam anyway...

Abba-Dabba 07-28-2022 01:04 PM
Quote:
Originally Posted by ptlyon (Post 16385837)
Oh well, doubt I'd survive my first trip to Amsterdam anyway...
One day you will stand in front of a green door on the Prinsengracht.

Well, at least probably before you win the lottery. Maybe the right inch is in Amsterdam. :hmmm:

Abba-Dabba 07-28-2022 01:05 PM
Quote:
Originally Posted by Detoxing (Post 16385831)
Lump sum.

And if i happen to blow through it with reckless abandon then you can bet your ass i lived life to the fullest.

You get one life. Live it. Take care of your fam, make sure they're set for life and **** the rest.
hookers and blow. the way to go.


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