|Posted: January 30, 2013, 12:26 pm - IP Logged|
lump sum of $259 million, earning on average 10% then in 26 years, you will have around $3 Billion.
How in the world do you get from $259m to $3B in just 26 years?! That is x11.58 growth. Not even the Trumpster is that smart. Or has he taken a page from a ponzi schemer who went to jail?
My calculations total about $1B, not $3B. Nevermind that $363m / 26 annuity is $14m annually. No one could match 4% the feds guarantee; thus annuity is a much better choice.Plus, if current investments are bad, you just switch when you get the next check. And, ifcourse, you cant blow all your dough.
It was said that the last PB jackpot winners of $570m who took the lump sum saved $90m over 30 years. Huh? Less money = less taxes. I dont see any savings here.