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Old 07-28-2022, 11:15 AM  
Hog's Gone Fishin Hog's Gone Fishin is offline
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Get yer tickets !

I need a bigger boat!

And a lakehouse!

And a Lake!

On my own Island!
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Old 07-28-2022, 12:14 PM   #31
ThaVirus ThaVirus is online now
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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.
Last edited by ThaVirus; 07-28-2022 at 12:42 PM..
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Old 07-28-2022, 12:17 PM   #32
Eureka Eureka is offline
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Like Tommy in shawshank said "Just gimme that chance!"
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Old 07-28-2022, 12:35 PM   #33
Fish Fish is online now
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Originally Posted by ThaVirus View Post
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.
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Old 07-28-2022, 12:48 PM   #34
Gary Cooper Gary Cooper is offline
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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.
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Old 07-28-2022, 12:51 PM   #35
Abba-Dabba Abba-Dabba is offline
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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.
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Old 07-28-2022, 12:52 PM   #36
Abba-Dabba Abba-Dabba is offline
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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.
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Old 07-28-2022, 12:53 PM   #37
O.city O.city is offline
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Quote:
Originally Posted by ThaVirus View Post
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.
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Originally Posted by Fish View Post
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.
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.
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Old 07-28-2022, 12:55 PM   #38
ptlyon ptlyon is offline
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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?
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Old 07-28-2022, 12:55 PM   #39
Abba-Dabba Abba-Dabba is offline
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Originally Posted by O.city View Post
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?
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Old 07-28-2022, 12:56 PM   #40
Abba-Dabba Abba-Dabba is offline
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Originally Posted by ptlyon View Post
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.
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Old 07-28-2022, 12:57 PM   #41
ToxSocks ToxSocks is offline
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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.
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Old 07-28-2022, 12:58 PM   #42
KCUnited KCUnited is online now
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Originally Posted by ptlyon View Post
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
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Old 07-28-2022, 01:00 PM   #43
ptlyon ptlyon is offline
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Oh well, doubt I'd survive my first trip to Amsterdam anyway...
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Old 07-28-2022, 01:04 PM   #44
Abba-Dabba Abba-Dabba is offline
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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.
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Old 07-28-2022, 01:05 PM   #45
Abba-Dabba Abba-Dabba is offline
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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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