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if you won over $70 mil- would you settle for the lump sum or annual installments

Topic closed. 53 replies. Last post 4 years ago by helpmewin.

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United States
Member #116268
September 7, 2011
20244 Posts
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Posted: March 7, 2013, 10:26 am - IP Logged

I would love to take the annunity....but I dont necessarily trust the accounts they may haver it set up in....I'd rather take the lump then set up my own annunity payments, dividends and such....but hey does anybody know if you can take the annunity and tell them how you want it invested? Or do they already have the money in the account and turn it over to you??

I Agree! I would let a financial advisor tell me IF and WHAT annuity is right for my objectives.


    United States
    Member #116268
    September 7, 2011
    20244 Posts
    Offline
    Posted: March 7, 2013, 10:28 am - IP Logged

    I do think an annuity is right for ALL meth heads. In fact, it should be required.

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
      United States
      Member #73904
      April 28, 2009
      14903 Posts
      Offline
      Posted: March 7, 2013, 11:31 am - IP Logged

      I will be more tempted to do stupid things with the money if I take the lump sum. So, if it's over 100K per year, I would choose the annuity. I am not an overly greedy person who must get it all at once. And I am not a doom and gloom survivalist guy owning a bunker and worrying if the government is going to collapse and unable to pay the next annuity. I can't live like that kind of mentality, with or without winning the lottery.

      Besides, remember if you choose annuity, typically you only get 50 to 60% of it before taxes. And you are going to have to pay higher tax bracket.

      Just my 2 cents.

      "I am not a doom and gloom survivalist guy owning a bunker and worrying if the government is going to collapse and unable to pay the next annuity."

      Then go right ahead and put your faith and trust in the politicians and the bankers who have shown themselves to be so trustworthy with our money as of late.

      Especially in California.

      Good thinkin'! Thumbs Up


                                                   
                           
                                               

       

       

       

       

                                                                                                         

      "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                  --Edmund Burke

       

       

        TooTallLuke's avatar - img 8jc7G2.jpg
        Ontario
        Canada
        Member #137286
        December 31, 2012
        93 Posts
        Offline
        Posted: March 7, 2013, 11:53 am - IP Logged

        Taking the annuity makes you a smaller target.

          whiteballz's avatar - Lottery-015.jpg
          Nutley, New Jersey
          United States
          Member #131058
          August 1, 2012
          875 Posts
          Offline
          Posted: March 7, 2013, 12:27 pm - IP Logged

          I love these lump sum vs annuity discussions almost as much as I love the monthly, "would you collect anonymously if you win?" discussions.

          .


            United States
            Member #130815
            July 25, 2012
            1636 Posts
            Offline
            Posted: March 7, 2013, 1:14 pm - IP Logged

            You take whatever they give you, and call JG Wentworth about a later. LOL

            Call JG Werntworth 8 7 7 Cash now....Call now!!!.........LOL LOL

              joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

              United States
              Member #32537
              February 12, 2006
              698 Posts
              Offline
              Posted: March 7, 2013, 1:57 pm - IP Logged

              anyone who picks the annual is a moron

              there beyond to many smart people who can handle money for u, large investment compies ,  they just charge u more if your to dumb 2 think for your self

              but vest majority of them will even tell u take the cash

               

              why is simple, US t bill rates are godly LOW

              thats what lottery annual installments is, just Freaking special T bills

              what does that have over taking CASH money all at once,

              is the fact all money gets INVESTED pre tax levels, and they only take tax u once u get it back

              1 major issue, US treasury rates, are a joke in investment world right now

              that's what happens, when us fed reserve buys our own Debt, there no need to offer great rates for investers, we dont need any buying our debt, we just print it out of thin air and buy our own debt"the genius of govt"   has destroyed the market rates.

              highest  3%. for 30 years , and MM btw does not even get 30 year rate levels LOL

              guest what rate for 1993 was, over 7% LOL for 30 years

               

              now i know in market i can get easy 5% rate just with dividend's ,owning stock of proven dividend compies with proven track records

              lets do some math, say i win current jackpot, and pay full  39.6% later, hell i just round it up to 40% "got to pay the lawyers/legal people anywot

              anywot  that current 

              95,200,000 u just won is now

               

              57,120,000 atfer us fed robs u blind. form current  jackpot, 

              alright now these beeps are going to want to spend like crazy, so i just take 7.120,000 out to spend first year so they can buy whatever the hell they want, if they waste over 7m first year, we got a bigger issue then worrying about how to invest the rest.

              and we invest 50m

               

              lets say i can get 5% return, mini, thats  thats 2.5 m

              vs 3m atfer near 40% tax rate ever y,and yes, making over 3m, u always be in highest tax rates

              so 1 thing 2 remb

              1 that  annuity is just your MONEY getting paid 2 u

              i sure have all stock, it never went away.

              turns out long term,its not going to lose value, all proven long term stocks, have gone up in value, they may go up and down over time

              but if your getting that  Stock Dividend ever year, and it always goes up, so has stock value over time

               

              so lets just say  this. u  atfer 30 years on pb payments get a total of around 90,000,000 atfer 40% rate u be payin in taxes over long term at current rates

              anyway lets look at my 50m cash, lets say somehow stock did so poorly it stayed at same 30 years later"ha"

              i sure have my 50m worth of stock, but i have gained  75m in divindend payments

              for a total of money of 125m vs your 90m 

               

               

              now i handicaped the HELL out of my numbers 2,    the fact is  on both payment type's  u can reinvest money u get ever year

              but taxes on dividend income etc are factors also in red.

              and be beyond a lot more then 125m vs 90m, 

              i also didnt factor into whole HOW dividend payments  Go up over time, on big company's with proven track records i be buying

              and how avg stock price grows over time"if its a solid company that pays dividend" the market always keep up with value of that stock

              the fact is, 

              Dividend payments will be a LOT more in 30 years then are today, if i pick right company's to own, etc

               

              if divindend payments go up over time,  so ofc it goes up to current markets in future value the company 

              u really just got to get books by billioners/major investers and learn how much these rich beeps make there money off these stocks/kind of investing

               

              the fact is,  i be a LOT richer in 30 years, taking safest dividend company route, then u ever be taking lottery payments over 30 years

              its a lot of devil in details,      if u cant handle  taking risk's, even smart ones, just are lazy,and god forbid u can even pay other smart investers to do the work for u, then go for that joke of a US treasury rates that is what we call a lottery annuity.

              if god forbid u can make a full time job out of investing a lot of money, and study hard,and use them brain cells, congrats u be a lot richer then lazy folks.

               

              the fact is my math sucks balls as i under value real returns on dividend, as god forbid i give dividend investing more credit then reality

              the truth is, u be far richer getting checks form companies that make all great profits/ money and then give it back to the owners"you as the share holder" then us govt pays for money it gets form your lottery win to invest

              there is no even doubt now

               

              if the us rate was in high 7% , we could have a intresting back and forth"dividend would sure win"  but u need to factor in hardcore data that go beyond simple minds.

              i just have to pull out the say,,,,

              25-Year Dividend Increasing Stocks . aka company's that old, who have amazing pulled off dividend payouts going up ever year for last 25 years

              aka company's like Coca-Cola Co.  Johnson & Johnson ,  PepsiCo , Exxon Mobil , AT&T   , and i make a mockery of that 7% returns  over 30 years, vs  30 years of these company's etc

              its a joke how easy it is to make money LONG term with stocks. if u go for dividend checks and not capital gains route of buy low sell high,  now thats risking it all,  if company pays no dividend, never invest in it, ever, its just  risk, real company's to invest in, always give there share holders money they Make, thats whole freaking idea of owning part of company is it not

              some people get losing all there money in stock market people  mixed up with dividend investers

              let me make it clear,  am not a capital gains invester, i dont buy LOW to sign high, 

              , dividend investers have made off like bandits in long term,  they rofl at stock market losers

              they sure got there stock,and been paid many times over long term, there investment back. etc

              that is if your not a moron when picking what company's to own ofc, and for that u have to study your self

              No bees, no honey.

                helpmewin's avatar - dandy
                u$a
                United States
                Member #106665
                February 22, 2011
                19875 Posts
                Offline
                Posted: March 7, 2013, 2:43 pm - IP Logged

                anyone who picks the annual is a moron

                there beyond to many smart people who can handle money for u, large investment compies ,  they just charge u more if your to dumb 2 think for your self

                but vest majority of them will even tell u take the cash

                 

                why is simple, US t bill rates are godly LOW

                thats what lottery annual installments is, just Freaking special T bills

                what does that have over taking CASH money all at once,

                is the fact all money gets INVESTED pre tax levels, and they only take tax u once u get it back

                1 major issue, US treasury rates, are a joke in investment world right now

                that's what happens, when us fed reserve buys our own Debt, there no need to offer great rates for investers, we dont need any buying our debt, we just print it out of thin air and buy our own debt"the genius of govt"   has destroyed the market rates.

                highest  3%. for 30 years , and MM btw does not even get 30 year rate levels LOL

                guest what rate for 1993 was, over 7% LOL for 30 years

                 

                now i know in market i can get easy 5% rate just with dividend's ,owning stock of proven dividend compies with proven track records

                lets do some math, say i win current jackpot, and pay full  39.6% later, hell i just round it up to 40% "got to pay the lawyers/legal people anywot

                anywot  that current 

                95,200,000 u just won is now

                 

                57,120,000 atfer us fed robs u blind. form current  jackpot, 

                alright now these beeps are going to want to spend like crazy, so i just take 7.120,000 out to spend first year so they can buy whatever the hell they want, if they waste over 7m first year, we got a bigger issue then worrying about how to invest the rest.

                and we invest 50m

                 

                lets say i can get 5% return, mini, thats  thats 2.5 m

                vs 3m atfer near 40% tax rate ever y,and yes, making over 3m, u always be in highest tax rates

                so 1 thing 2 remb

                1 that  annuity is just your MONEY getting paid 2 u

                i sure have all stock, it never went away.

                turns out long term,its not going to lose value, all proven long term stocks, have gone up in value, they may go up and down over time

                but if your getting that  Stock Dividend ever year, and it always goes up, so has stock value over time

                 

                so lets just say  this. u  atfer 30 years on pb payments get a total of around 90,000,000 atfer 40% rate u be payin in taxes over long term at current rates

                anyway lets look at my 50m cash, lets say somehow stock did so poorly it stayed at same 30 years later"ha"

                i sure have my 50m worth of stock, but i have gained  75m in divindend payments

                for a total of money of 125m vs your 90m 

                 

                 

                now i handicaped the HELL out of my numbers 2,    the fact is  on both payment type's  u can reinvest money u get ever year

                but taxes on dividend income etc are factors also in red.

                and be beyond a lot more then 125m vs 90m, 

                i also didnt factor into whole HOW dividend payments  Go up over time, on big company's with proven track records i be buying

                and how avg stock price grows over time"if its a solid company that pays dividend" the market always keep up with value of that stock

                the fact is, 

                Dividend payments will be a LOT more in 30 years then are today, if i pick right company's to own, etc

                 

                if divindend payments go up over time,  so ofc it goes up to current markets in future value the company 

                u really just got to get books by billioners/major investers and learn how much these rich beeps make there money off these stocks/kind of investing

                 

                the fact is,  i be a LOT richer in 30 years, taking safest dividend company route, then u ever be taking lottery payments over 30 years

                its a lot of devil in details,      if u cant handle  taking risk's, even smart ones, just are lazy,and god forbid u can even pay other smart investers to do the work for u, then go for that joke of a US treasury rates that is what we call a lottery annuity.

                if god forbid u can make a full time job out of investing a lot of money, and study hard,and use them brain cells, congrats u be a lot richer then lazy folks.

                 

                the fact is my math sucks balls as i under value real returns on dividend, as god forbid i give dividend investing more credit then reality

                the truth is, u be far richer getting checks form companies that make all great profits/ money and then give it back to the owners"you as the share holder" then us govt pays for money it gets form your lottery win to invest

                there is no even doubt now

                 

                if the us rate was in high 7% , we could have a intresting back and forth"dividend would sure win"  but u need to factor in hardcore data that go beyond simple minds.

                i just have to pull out the say,,,,

                25-Year Dividend Increasing Stocks . aka company's that old, who have amazing pulled off dividend payouts going up ever year for last 25 years

                aka company's like Coca-Cola Co.  Johnson & Johnson ,  PepsiCo , Exxon Mobil , AT&T   , and i make a mockery of that 7% returns  over 30 years, vs  30 years of these company's etc

                its a joke how easy it is to make money LONG term with stocks. if u go for dividend checks and not capital gains route of buy low sell high,  now thats risking it all,  if company pays no dividend, never invest in it, ever, its just  risk, real company's to invest in, always give there share holders money they Make, thats whole freaking idea of owning part of company is it not

                some people get losing all there money in stock market people  mixed up with dividend investers

                let me make it clear,  am not a capital gains invester, i dont buy LOW to sign high, 

                , dividend investers have made off like bandits in long term,  they rofl at stock market losers

                they sure got there stock,and been paid many times over long term, there investment back. etc

                that is if your not a moron when picking what company's to own ofc, and for that u have to study your self

                that's a lot of typingGreen laugh

                Let it Snow Snowman

                  helpmewin's avatar - dandy
                  u$a
                  United States
                  Member #106665
                  February 22, 2011
                  19875 Posts
                  Offline
                  Posted: March 7, 2013, 2:47 pm - IP Logged

                  I do think an annuity is right for ALL meth heads. In fact, it should be required.

                  Stooges

                  Let it Snow Snowman


                    United States
                    Member #111442
                    May 25, 2011
                    6323 Posts
                    Offline
                    Posted: March 7, 2013, 2:48 pm - IP Logged

                    that's a lot of typingGreen laugh

                    At 100 words per minute, in would have taken him just 36 hours and 24 minutes.   Type


                      United States
                      Member #116268
                      September 7, 2011
                      20244 Posts
                      Offline
                      Posted: March 7, 2013, 2:52 pm - IP Logged

                      anyone who picks the annual is a moron

                      there beyond to many smart people who can handle money for u, large investment compies ,  they just charge u more if your to dumb 2 think for your self

                      but vest majority of them will even tell u take the cash

                       

                      why is simple, US t bill rates are godly LOW

                      thats what lottery annual installments is, just Freaking special T bills

                      what does that have over taking CASH money all at once,

                      is the fact all money gets INVESTED pre tax levels, and they only take tax u once u get it back

                      1 major issue, US treasury rates, are a joke in investment world right now

                      that's what happens, when us fed reserve buys our own Debt, there no need to offer great rates for investers, we dont need any buying our debt, we just print it out of thin air and buy our own debt"the genius of govt"   has destroyed the market rates.

                      highest  3%. for 30 years , and MM btw does not even get 30 year rate levels LOL

                      guest what rate for 1993 was, over 7% LOL for 30 years

                       

                      now i know in market i can get easy 5% rate just with dividend's ,owning stock of proven dividend compies with proven track records

                      lets do some math, say i win current jackpot, and pay full  39.6% later, hell i just round it up to 40% "got to pay the lawyers/legal people anywot

                      anywot  that current 

                      95,200,000 u just won is now

                       

                      57,120,000 atfer us fed robs u blind. form current  jackpot, 

                      alright now these beeps are going to want to spend like crazy, so i just take 7.120,000 out to spend first year so they can buy whatever the hell they want, if they waste over 7m first year, we got a bigger issue then worrying about how to invest the rest.

                      and we invest 50m

                       

                      lets say i can get 5% return, mini, thats  thats 2.5 m

                      vs 3m atfer near 40% tax rate ever y,and yes, making over 3m, u always be in highest tax rates

                      so 1 thing 2 remb

                      1 that  annuity is just your MONEY getting paid 2 u

                      i sure have all stock, it never went away.

                      turns out long term,its not going to lose value, all proven long term stocks, have gone up in value, they may go up and down over time

                      but if your getting that  Stock Dividend ever year, and it always goes up, so has stock value over time

                       

                      so lets just say  this. u  atfer 30 years on pb payments get a total of around 90,000,000 atfer 40% rate u be payin in taxes over long term at current rates

                      anyway lets look at my 50m cash, lets say somehow stock did so poorly it stayed at same 30 years later"ha"

                      i sure have my 50m worth of stock, but i have gained  75m in divindend payments

                      for a total of money of 125m vs your 90m 

                       

                       

                      now i handicaped the HELL out of my numbers 2,    the fact is  on both payment type's  u can reinvest money u get ever year

                      but taxes on dividend income etc are factors also in red.

                      and be beyond a lot more then 125m vs 90m, 

                      i also didnt factor into whole HOW dividend payments  Go up over time, on big company's with proven track records i be buying

                      and how avg stock price grows over time"if its a solid company that pays dividend" the market always keep up with value of that stock

                      the fact is, 

                      Dividend payments will be a LOT more in 30 years then are today, if i pick right company's to own, etc

                       

                      if divindend payments go up over time,  so ofc it goes up to current markets in future value the company 

                      u really just got to get books by billioners/major investers and learn how much these rich beeps make there money off these stocks/kind of investing

                       

                      the fact is,  i be a LOT richer in 30 years, taking safest dividend company route, then u ever be taking lottery payments over 30 years

                      its a lot of devil in details,      if u cant handle  taking risk's, even smart ones, just are lazy,and god forbid u can even pay other smart investers to do the work for u, then go for that joke of a US treasury rates that is what we call a lottery annuity.

                      if god forbid u can make a full time job out of investing a lot of money, and study hard,and use them brain cells, congrats u be a lot richer then lazy folks.

                       

                      the fact is my math sucks balls as i under value real returns on dividend, as god forbid i give dividend investing more credit then reality

                      the truth is, u be far richer getting checks form companies that make all great profits/ money and then give it back to the owners"you as the share holder" then us govt pays for money it gets form your lottery win to invest

                      there is no even doubt now

                       

                      if the us rate was in high 7% , we could have a intresting back and forth"dividend would sure win"  but u need to factor in hardcore data that go beyond simple minds.

                      i just have to pull out the say,,,,

                      25-Year Dividend Increasing Stocks . aka company's that old, who have amazing pulled off dividend payouts going up ever year for last 25 years

                      aka company's like Coca-Cola Co.  Johnson & Johnson ,  PepsiCo , Exxon Mobil , AT&T   , and i make a mockery of that 7% returns  over 30 years, vs  30 years of these company's etc

                      its a joke how easy it is to make money LONG term with stocks. if u go for dividend checks and not capital gains route of buy low sell high,  now thats risking it all,  if company pays no dividend, never invest in it, ever, its just  risk, real company's to invest in, always give there share holders money they Make, thats whole freaking idea of owning part of company is it not

                      some people get losing all there money in stock market people  mixed up with dividend investers

                      let me make it clear,  am not a capital gains invester, i dont buy LOW to sign high, 

                      , dividend investers have made off like bandits in long term,  they rofl at stock market losers

                      they sure got there stock,and been paid many times over long term, there investment back. etc

                      that is if your not a moron when picking what company's to own ofc, and for that u have to study your self

                      anyone who picks the annual is a moron

                      I Agree! Say no more.


                        United States
                        Member #116268
                        September 7, 2011
                        20244 Posts
                        Offline
                        Posted: March 7, 2013, 2:53 pm - IP Logged

                        Although I do get an annual myself from time to time............Wink


                          United States
                          Member #116268
                          September 7, 2011
                          20244 Posts
                          Offline
                          Posted: March 7, 2013, 2:55 pm - IP Logged

                          Stooges

                                 Stooges


                            United States
                            Member #124493
                            March 14, 2012
                            7023 Posts
                            Offline
                            Posted: March 7, 2013, 2:56 pm - IP Logged

                                   Stooges

                            Stooges

                            Whos doing the curly shuffle?

                              janem's avatar - cat computer.jpg
                              California
                              United States
                              Member #69399
                              January 9, 2009
                              380 Posts
                              Offline
                              Posted: March 7, 2013, 3:02 pm - IP Logged

                              Yep (basically), but if you blew it all before paying your taxes the first year, you'll be tapping into the next installment right away just to cover your 1st years tax bill.  Get a good accountant and financial planner... first.  If you got a good one, then you'll know which payment to take- lump sum or annuity- most go for the lump sum for a variety of reasons.

                              Absolutely agree. I think I would take the lump sum regardless of the amount I won. One of the first things I would do is to start interveiwing/researching attorneys, financial advisers and accountants, in order to have the best people ready when I get my check. I would invest about 85% of my winnings to earn income and use the rest to "have fun with".

                              Oh, and to joshuacloak, I just want to let you know that when you start of your post with "anyone who picks the annual is a moron", you immediately come off as someone who hasn't grasped the fundamentals of grammar and punctuation, so why would anyone give any credence to what you have to say? I stopped reading after the first few sentences.

                              It was always in the stars for me to be a lottery winner.