Welcome Guest
Log In | Register )
You last visited December 4, 2016, 11:27 pm
All times shown are
Eastern Time (GMT-5:00)

Ohio winner of $196M lottery jackpot claims prize anonymously

Topic closed. 35 replies. Last post 8 years ago by DC81.

Page 3 of 3
PrintE-mailLink
DC81's avatar - batman39
MI
United States
Member #54830
August 31, 2007
985 Posts
Offline
Posted: June 29, 2008, 8:27 pm - IP Logged

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.

You can't predict random.

    Bondi Junction
    Australia
    Member #57242
    December 24, 2007
    1102 Posts
    Offline
    Posted: June 30, 2008, 4:49 am - IP Logged

    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 - sarsony1
      Republic of Texas
      United States
      Member #57557
      January 9, 2008
      1095 Posts
      Offline
      Posted: June 30, 2008, 12:55 pm - IP Logged

      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.

      face

      singlewinnersinglewinnersinglewinner   

        time*treat's avatar - radar

        United States
        Member #13130
        March 30, 2005
        2171 Posts
        Offline
        Posted: June 30, 2008, 6:56 pm - IP Logged

        Didn't quite come forward...

        Didn't take the cash option...

        Only one strike left... Jester

        In neo-conned Amerika, bank robs you.
        Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19823 Posts
          Offline
          Posted: July 2, 2008, 1:13 pm - IP Logged

          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. 

           * you don't need to buy more tickets, just buy a winning ticket * 
             
                       Evil Looking       

            DC81's avatar - batman39
            MI
            United States
            Member #54830
            August 31, 2007
            985 Posts
            Offline
            Posted: July 2, 2008, 9:00 pm - IP Logged

            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.

            You can't predict random.