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Ohio winner of $196M lottery jackpot claims prize anonymously

Topic locked. Last post 5 months ago by DC81. 35 comments.

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Posted: June 29, 2008, 8:27 pm - IP Logged Bottom

Eh, that's why I'd move as much as I could out of our dollar. Besides that, the commodities bubble is probably going to be around for good while longer and there's still probably a good investment there. We wouldn't be in the mess we're getting into if government did it's job 30 years ago and got its nose out of the private sector and other places where it didn't below ago and people didn't drag their feet. But alas, politicans are cheap to buy, especially in bulk.

With odds like 1 in 175,711,536 how can I lose?!

You can't predict random.

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Bondi Junction
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Posted: June 30, 2008, 4:49 am - IP Logged Bottom Top

More and more lottery winners should seek anonymity, and eventually it will be seen as the norm, as it is in the UK and Australia.

I wish the winner well.

Good on him/her!

Piaceri's avatar - n514461354 2066684 1403 1
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Margaritaville
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Posted: June 30, 2008, 12:55 pm - IP Logged Bottom Top

Your net                       1,127,096 for now until tax time...lol

but if you multiply that x 26=$29,304,496

your net from the lump is 17,940,000.   So it does to pay to wait.  If you invest the (lump sum) money, you will be still paying taxes on the interest, no??? 

One thing you have to consider with the annuity is that what $1,127,096 is worth now, will not be the same in the future with inflation and the valuation of the dollar.  Better to take it now so you can grow it for the future.  Even if you just put it into t-bills, it will grow.

For example - The year I was born, my Father made $3,800 annual salary at his first full time job out of college.  Eighteen years later, I made $3,800 working parttime at K-Mart.  These days nearly 30 years later, I make more than that each month.

Another thing to consider with annuities is that everyone assumes you won $43m and you have that in your bank account right now. Confused 

I'll take the cash thankyouverymuch, and take my chances.

kitty

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Posted: June 30, 2008, 6:56 pm - IP Logged Bottom Top

Didn't quite come forward...

Didn't take the cash option...

Only one strike left... Jester

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Posted: July 2, 2008, 1:13 pm - IP Logged Bottom Top

Didn't quite come forward...

Didn't take the cash option...

Only one strike left... Jester

Had you considered this may not have been the first lottery jackpot this person won and maybe he decided to handle it differently this time.  After all, he didn't show the excitement normally shown by a first time winner and he seems to have had a plan in place to collect it without giving out his personal information. 

* Trying is the first step toward failure *
homer J. Simpson

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Posted: July 2, 2008, 9:00 pm - IP Logged Bottom Top

I dunno about that, Ohio people seem to have gotten wisened up in claiming anonymously. I think the three winners in a row 12M, 267M/270M and 265M showed that when each of them claimed as a trust.

With odds like 1 in 175,711,536 how can I lose?!

You can't predict random.