Choosing the Power Ball Annuity

Comment #4

music* — Thu, 07 Mar 2019 23:38:15 GMT

Thank You both, hearsetrax and mikeintexas. Those future tax rates are important to know. Plus the IRS rules.

Comment #3

mikeintexas — Thu, 07 Mar 2019 21:48:14 GMT

Sorry to have written an essay, but this is a lottery subject that I have thought about a great deal. With my circumstances, I am most definitely choosing the cash value. Your mileage may vary. (just as does the MPG on the different models of Porsche cars I would choose between if I won!)

Comment #2

mikeintexas — Thu, 07 Mar 2019 21:40:37 GMT

(source: https://www.usamega.com/powerball-jackpot.asp) I think there are many variables to be considered when choosing between cash option and annuity. Maybe the first question to ask yourself if opting for the cash is "Can I handle that much money, make it last?" If not, then the annuity is the way to go. Also very important is the winner's age and with that, their marital status, if they have children and the winner's health. Another consideration that should be... [ More ]

Comment #1

hearsetrax — Thu, 07 Mar 2019 19:42:22 GMT

thars no lesser evil <br

Original Blog Entry: Choosing the Power Ball Annuity

music* — Thu, 07 Mar 2019 19:13:51 GMT

Looking at past Power Ball winners who have lost it all is not encouraging. I may think and believe that I am different but I am like everyone else.

The current PB Annuity = $414,000,000.00 The first year payout after all taxes are paid is $3.9 million. Thanks to USAMEGA.

Before I make this momentous decision I will talk with representatives from various investment companies. Like Charles Schwab, Morgan Stanley, and others. I will compare how they will invest the Lump Sum = $156,177,000.00 What kind of returns can I expect.

The figure of $156,177,000.00 is the net after all taxes are paid.

The Stock market may start going into a rough patch soon.

I have been watching Dave Ramsey and he said that he bought real estate at the bottom of the market in 2008. He did what Warren Buffet said to do, Buy when others are fearful and sell when others are greedy.

Those who bought at the bottom are now wealthy. Of course, nobody knew what the bottom would be but experienced investment counselors may help at that time

J.D. Rockefeller said to, Buy when there is blood running in the streets .

music*

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