I knew Pedro Quezada was a dinkhead and blow all that money..Prev Topic Next Topic

United States
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March 31, 2012
371 Posts
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Nov 10, 2013, 2:55 pm

I knew he was going to blow almost all that money when he come forward to fast without thinking and consulting with finanical team and etc! This is why if i ever win the big one i will go for the 30 year payout and consult with legal team and others.. You will get more if you pick the 30 year payout in either games..

State:	Washington
Drawing Date:	Wed, Nov 13, 2013
Jackpot:	$110,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Powerball annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,961,311	$490,328	$0	$1,470,983
2	$2,039,763	$509,941	$0	$1,529,823
3	$2,121,354	$530,338	$0	$1,591,015
4	$2,206,208	$551,552	$0	$1,654,656
5	$2,294,456	$573,614	$0	$1,720,842
6	$2,386,235	$596,559	$0	$1,789,676
7	$2,481,684	$620,421	$0	$1,861,263
8	$2,580,951	$645,238	$0	$1,935,714
9	$2,684,189	$671,047	$0	$2,013,142
10	$2,791,557	$697,889	$0	$2,093,668
11	$2,903,219	$725,805	$0	$2,177,414
12	$3,019,348	$754,837	$0	$2,264,511
13	$3,140,122	$785,030	$0	$2,355,091
14	$3,265,727	$816,432	$0	$2,449,295
15	$3,396,356	$849,089	$0	$2,547,267
16	$3,532,210	$883,053	$0	$2,649,158
17	$3,673,499	$918,375	$0	$2,755,124
18	$3,820,438	$955,110	$0	$2,865,329
19	$3,973,256	$993,314	$0	$2,979,942
20	$4,132,186	$1,033,047	$0	$3,099,140
21	$4,297,474	$1,074,368	$0	$3,223,105
22	$4,469,373	$1,117,343	$0	$3,352,029
23	$4,648,148	$1,162,037	$0	$3,486,111
24	$4,834,073	$1,208,518	$0	$3,625,555
25	$5,027,436	$1,256,859	$0	$3,770,577
26	$5,228,534	$1,307,133	$0	$3,921,400
27	$5,437,675	$1,359,419	$0	$4,078,256
28	$5,655,182	$1,413,796	$0	$4,241,387
29	$5,881,390	$1,470,347	$0	$4,411,042
30	$6,116,645	$1,529,161	$0	$4,587,484
Total	$110,000,000	$27,500,000	$0	$82,500,000

State:	Washington
Drawing Date:	Tue, Nov 12, 2013
Jackpot:	$132,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Mega Millions annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,986,789	$496,697	$0	$1,490,092
2	$2,086,129	$521,532	$0	$1,564,597
3	$2,190,435	$547,609	$0	$1,642,826
4	$2,299,957	$574,989	$0	$1,724,968
5	$2,414,955	$603,739	$0	$1,811,216
6	$2,535,703	$633,926	$0	$1,901,777
7	$2,662,488	$665,622	$0	$1,996,866
8	$2,795,612	$698,903	$0	$2,096,709
9	$2,935,393	$733,848	$0	$2,201,545
10	$3,082,163	$770,541	$0	$2,311,622
11	$3,236,271	$809,068	$0	$2,427,203
12	$3,398,084	$849,521	$0	$2,548,563
13	$3,567,988	$891,997	$0	$2,675,991
14	$3,746,388	$936,597	$0	$2,809,791
15	$3,933,707	$983,427	$0	$2,950,280
16	$4,130,393	$1,032,598	$0	$3,097,794
17	$4,336,912	$1,084,228	$0	$3,252,684
18	$4,553,758	$1,138,439	$0	$3,415,318
19	$4,781,446	$1,195,361	$0	$3,586,084
20	$5,020,518	$1,255,129	$0	$3,765,388
21	$5,271,544	$1,317,886	$0	$3,953,658
22	$5,535,121	$1,383,780	$0	$4,151,341
23	$5,811,877	$1,452,969	$0	$4,358,908
24	$6,102,471	$1,525,618	$0	$4,576,853
25	$6,407,594	$1,601,899	$0	$4,805,696
26	$6,727,974	$1,681,994	$0	$5,045,981
27	$7,064,373	$1,766,093	$0	$5,298,280
28	$7,417,592	$1,854,398	$0	$5,563,194
29	$7,788,471	$1,947,118	$0	$5,841,353
30	$8,177,895	$2,044,474	$0	$6,133,421
Total	$132,000,000	$33,000,000	$0	$99,000,000

billionaire2bee

United States
Member #130,809
July 25, 2012
1,636 Posts
Offline

Nov 10, 2013, 5:15 pm

Quote: Originally posted by tony869 on Nov 10, 2013

State:	Washington
Drawing Date:	Wed, Nov 13, 2013
Jackpot:	$110,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Powerball annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,961,311	$490,328	$0	$1,470,983
2	$2,039,763	$509,941	$0	$1,529,823
3	$2,121,354	$530,338	$0	$1,591,015
4	$2,206,208	$551,552	$0	$1,654,656
5	$2,294,456	$573,614	$0	$1,720,842
6	$2,386,235	$596,559	$0	$1,789,676
7	$2,481,684	$620,421	$0	$1,861,263
8	$2,580,951	$645,238	$0	$1,935,714
9	$2,684,189	$671,047	$0	$2,013,142
10	$2,791,557	$697,889	$0	$2,093,668
11	$2,903,219	$725,805	$0	$2,177,414
12	$3,019,348	$754,837	$0	$2,264,511
13	$3,140,122	$785,030	$0	$2,355,091
14	$3,265,727	$816,432	$0	$2,449,295
15	$3,396,356	$849,089	$0	$2,547,267
16	$3,532,210	$883,053	$0	$2,649,158
17	$3,673,499	$918,375	$0	$2,755,124
18	$3,820,438	$955,110	$0	$2,865,329
19	$3,973,256	$993,314	$0	$2,979,942
20	$4,132,186	$1,033,047	$0	$3,099,140
21	$4,297,474	$1,074,368	$0	$3,223,105
22	$4,469,373	$1,117,343	$0	$3,352,029
23	$4,648,148	$1,162,037	$0	$3,486,111
24	$4,834,073	$1,208,518	$0	$3,625,555
25	$5,027,436	$1,256,859	$0	$3,770,577
26	$5,228,534	$1,307,133	$0	$3,921,400
27	$5,437,675	$1,359,419	$0	$4,078,256
28	$5,655,182	$1,413,796	$0	$4,241,387
29	$5,881,390	$1,470,347	$0	$4,411,042
30	$6,116,645	$1,529,161	$0	$4,587,484
Total	$110,000,000	$27,500,000	$0	$82,500,000

State:	Washington
Drawing Date:	Tue, Nov 12, 2013
Jackpot:	$132,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Mega Millions annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,986,789	$496,697	$0	$1,490,092
2	$2,086,129	$521,532	$0	$1,564,597
3	$2,190,435	$547,609	$0	$1,642,826
4	$2,299,957	$574,989	$0	$1,724,968
5	$2,414,955	$603,739	$0	$1,811,216
6	$2,535,703	$633,926	$0	$1,901,777
7	$2,662,488	$665,622	$0	$1,996,866
8	$2,795,612	$698,903	$0	$2,096,709
9	$2,935,393	$733,848	$0	$2,201,545
10	$3,082,163	$770,541	$0	$2,311,622
11	$3,236,271	$809,068	$0	$2,427,203
12	$3,398,084	$849,521	$0	$2,548,563
13	$3,567,988	$891,997	$0	$2,675,991
14	$3,746,388	$936,597	$0	$2,809,791
15	$3,933,707	$983,427	$0	$2,950,280
16	$4,130,393	$1,032,598	$0	$3,097,794
17	$4,336,912	$1,084,228	$0	$3,252,684
18	$4,553,758	$1,138,439	$0	$3,415,318
19	$4,781,446	$1,195,361	$0	$3,586,084
20	$5,020,518	$1,255,129	$0	$3,765,388
21	$5,271,544	$1,317,886	$0	$3,953,658
22	$5,535,121	$1,383,780	$0	$4,151,341
23	$5,811,877	$1,452,969	$0	$4,358,908
24	$6,102,471	$1,525,618	$0	$4,576,853
25	$6,407,594	$1,601,899	$0	$4,805,696
26	$6,727,974	$1,681,994	$0	$5,045,981
27	$7,064,373	$1,766,093	$0	$5,298,280
28	$7,417,592	$1,854,398	$0	$5,563,194
29	$7,788,471	$1,947,118	$0	$5,841,353
30	$8,177,895	$2,044,474	$0	$6,133,421
Total	$132,000,000	$33,000,000	$0	$99,000,000

EEEEEHHHH I dont know if I could sit still and wait to get that payout...but either way you go you've got to control yourself, learn how to say no and don't let your butt overload your wallet LOL

Greg2117

New York
United States
Member #145,700
August 12, 2013
108 Posts
Offline

Nov 10, 2013, 5:29 pm

Pedro would be 74 years old in 30 years. Quite a long wait to get your entire payout. And anyhting could happend between then. Maybe if you're in your 20's or 30's when you win, then maybe you could consider an annual payment.
LottoNick56

Tampa, FL
United States
Member #121,758
January 16, 2012
188 Posts
Offline

Nov 10, 2013, 5:36 pm

Quote: Originally posted by Greg2117 on Nov 10, 2013
Pedro would be 74 years old in 30 years. Quite a long wait to get your entire payout. And anyhting could happend between then. Maybe if you're in your 20's or 30's when you win, then maybe you could consider an annual payment.

maybe*

...Someone's going to win eventually...

...Never know, could be me...
Greg2117

New York
United States
Member #145,700
August 12, 2013
108 Posts
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Nov 10, 2013, 5:50 pm

^ Simple mistake. This forum doesn't have a spell checker.
noise-gate

* In hot pursuit of $ *

White Shores- California
United States
Member #136,471
December 12, 2012
7,039 Posts
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Nov 10, 2013, 6:10 pm

Well Tony: Its quite possible that Pedro knows exactly what his doing. By him sending money out of the country this may be part of his strategy for getting away from his ex, l don't know. Perhaps after he won, she came up with goofy ideas as to where he should stash the money and giving him some crazy investment ideas along with taking her other children in from previous relationships, buying houses for her family and friends.Perhaps even telling him that now is the time for him to go on one knee and propose to her- thereby making her part of his " winner's circle"- she saw the rainbow, he saw himself walking the path of Doom. One can learn a lot from living with a person for 10 years, heck you can learn a lot from living with them a few months.

Ever been on a " Blind Date" and said " Never Again with this one?" Perhaps Pedro said- living together is tolerable, making it official is not on the table, not now, not ever.

.....Suddenly its " Domestic violence"
weshar75

Mcminnville, Oregon
United States
Member #3,013
December 13, 2003
6,173 Posts
Offline

Nov 10, 2013, 7:15 pm

I am 38 this year and in 30 years I will be 68. I think about taking the annuity at my age all the time but when the cash is offered to me I think I will take that instead because what happens if I don't get to be 68. Then my family fights over my leftover winnings. AT least if I take cash I can make a will and then tell everyone what they get from me instead of them fighting over the money.-weshar75
Lucky4Life

United States
Member #85,034
January 7, 2010
262 Posts
Offline

Nov 11, 2013, 11:45 am

if you check back on the LP story where he said he would pay rent for his entire block that was pretty much the consensus of the entire LP family. I was the first to post on thei LP FB page saying he was going to go broke in 5 years. Now I know I was wrong. Less than 2.
tony869

United States
Member #125,912
March 31, 2012
371 Posts
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Nov 11, 2013, 11:52 am

Quote: Originally posted by Lucky4Life on Nov 11, 2013
if you check back on the LP story where he said he would pay rent for his entire block that was pretty much the consensus of the entire LP family. I was the first to post on thei LP FB page saying he was going to go broke in 5 years. Now I know I was wrong. Less than 2.

Yep and he will wind up on that show --> how the lottery ruined my life...
helpmewin

100

u$a
United States
Member #106,660
February 22, 2011
19,960 Posts
Offline

Nov 11, 2013, 1:25 pm

Quote: Originally posted by tony869 on Nov 11, 2013
Yep and he will wind up on that show --> how the lottery ruined my life...
mediabrat

upstate NY
United States
Member #108,786
March 31, 2011
549 Posts
Offline

Nov 11, 2013, 1:26 pm

Quote: Originally posted by weshar75 on Nov 10, 2013
I am 38 this year and in 30 years I will be 68. I think about taking the annuity at my age all the time but when the cash is offered to me I think I will take that instead because what happens if I don't get to be 68. Then my family fights over my leftover winnings. AT least if I take cash I can make a will and then tell everyone what they get from me instead of them fighting over the money.-weshar75

What leads you to believe you can't leave instructions in your will regarding the disposition of an annuity? Any unpaid lottery annuities get passed on to your estate, so you should be able to dictate what happens to that money just as easily as any other assets, monetary or not.
helpmewin

100

u$a
United States
Member #106,660
February 22, 2011
19,960 Posts
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Nov 12, 2013, 5:58 am

Quote: Originally posted by mediabrat on Nov 11, 2013
What leads you to believe you can't leave instructions in your will regarding the disposition of an annuity? Any unpaid lottery annuities get passed on to your estate, so you should be able to dictate what happens to that money just as easily as any other assets, monetary or not.

ryanm

Morrison, IL
United States
Member #4,657
May 13, 2004
1,885 Posts
Offline

Nov 12, 2013, 11:12 pm

Quote: Originally posted by tony869 on Nov 10, 2013

State:	Washington
Drawing Date:	Wed, Nov 13, 2013
Jackpot:	$110,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Powerball annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,961,311	$490,328	$0	$1,470,983
2	$2,039,763	$509,941	$0	$1,529,823
3	$2,121,354	$530,338	$0	$1,591,015
4	$2,206,208	$551,552	$0	$1,654,656
5	$2,294,456	$573,614	$0	$1,720,842
6	$2,386,235	$596,559	$0	$1,789,676
7	$2,481,684	$620,421	$0	$1,861,263
8	$2,580,951	$645,238	$0	$1,935,714
9	$2,684,189	$671,047	$0	$2,013,142
10	$2,791,557	$697,889	$0	$2,093,668
11	$2,903,219	$725,805	$0	$2,177,414
12	$3,019,348	$754,837	$0	$2,264,511
13	$3,140,122	$785,030	$0	$2,355,091
14	$3,265,727	$816,432	$0	$2,449,295
15	$3,396,356	$849,089	$0	$2,547,267
16	$3,532,210	$883,053	$0	$2,649,158
17	$3,673,499	$918,375	$0	$2,755,124
18	$3,820,438	$955,110	$0	$2,865,329
19	$3,973,256	$993,314	$0	$2,979,942
20	$4,132,186	$1,033,047	$0	$3,099,140
21	$4,297,474	$1,074,368	$0	$3,223,105
22	$4,469,373	$1,117,343	$0	$3,352,029
23	$4,648,148	$1,162,037	$0	$3,486,111
24	$4,834,073	$1,208,518	$0	$3,625,555
25	$5,027,436	$1,256,859	$0	$3,770,577
26	$5,228,534	$1,307,133	$0	$3,921,400
27	$5,437,675	$1,359,419	$0	$4,078,256
28	$5,655,182	$1,413,796	$0	$4,241,387
29	$5,881,390	$1,470,347	$0	$4,411,042
30	$6,116,645	$1,529,161	$0	$4,587,484
Total	$110,000,000	$27,500,000	$0	$82,500,000

State:	Washington
Drawing Date:	Tue, Nov 12, 2013
Jackpot:	$132,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Mega Millions annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,986,789	$496,697	$0	$1,490,092
2	$2,086,129	$521,532	$0	$1,564,597
3	$2,190,435	$547,609	$0	$1,642,826
4	$2,299,957	$574,989	$0	$1,724,968
5	$2,414,955	$603,739	$0	$1,811,216
6	$2,535,703	$633,926	$0	$1,901,777
7	$2,662,488	$665,622	$0	$1,996,866
8	$2,795,612	$698,903	$0	$2,096,709
9	$2,935,393	$733,848	$0	$2,201,545
10	$3,082,163	$770,541	$0	$2,311,622
11	$3,236,271	$809,068	$0	$2,427,203
12	$3,398,084	$849,521	$0	$2,548,563
13	$3,567,988	$891,997	$0	$2,675,991
14	$3,746,388	$936,597	$0	$2,809,791
15	$3,933,707	$983,427	$0	$2,950,280
16	$4,130,393	$1,032,598	$0	$3,097,794
17	$4,336,912	$1,084,228	$0	$3,252,684
18	$4,553,758	$1,138,439	$0	$3,415,318
19	$4,781,446	$1,195,361	$0	$3,586,084
20	$5,020,518	$1,255,129	$0	$3,765,388
21	$5,271,544	$1,317,886	$0	$3,953,658
22	$5,535,121	$1,383,780	$0	$4,151,341
23	$5,811,877	$1,452,969	$0	$4,358,908
24	$6,102,471	$1,525,618	$0	$4,576,853
25	$6,407,594	$1,601,899	$0	$4,805,696
26	$6,727,974	$1,681,994	$0	$5,045,981
27	$7,064,373	$1,766,093	$0	$5,298,280
28	$7,417,592	$1,854,398	$0	$5,563,194
29	$7,788,471	$1,947,118	$0	$5,841,353
30	$8,177,895	$2,044,474	$0	$6,133,421
Total	$132,000,000	$33,000,000	$0	$99,000,000

Taking the annuity instead of cash doesn't insulate against stupidity. Lottery winners might just end up borrowing against the future payments anyway.

---

CajunWin4

100

Louisiana
United States
Member #90,212
April 24, 2010
15,355 Posts
Online

Nov 12, 2013, 11:27 pm

The Lottery Winners who go broke within 10 years or less . Is letting the Money Control them instead of them Control the Money .

A fool and his money is soon Parted !

Chasing Maverick's ! Win Big & Win Often ...

Teddi

United States
Member #142,493
May 13, 2013
1,394 Posts
Offline

Nov 13, 2013, 5:58 am

Quote: Originally posted by tony869 on Nov 10, 2013

State:	Washington
Drawing Date:	Wed, Nov 13, 2013
Jackpot:	$110,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Powerball annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,961,311	$490,328	$0	$1,470,983
2	$2,039,763	$509,941	$0	$1,529,823
3	$2,121,354	$530,338	$0	$1,591,015
4	$2,206,208	$551,552	$0	$1,654,656
5	$2,294,456	$573,614	$0	$1,720,842
6	$2,386,235	$596,559	$0	$1,789,676
7	$2,481,684	$620,421	$0	$1,861,263
8	$2,580,951	$645,238	$0	$1,935,714
9	$2,684,189	$671,047	$0	$2,013,142
10	$2,791,557	$697,889	$0	$2,093,668
11	$2,903,219	$725,805	$0	$2,177,414
12	$3,019,348	$754,837	$0	$2,264,511
13	$3,140,122	$785,030	$0	$2,355,091
14	$3,265,727	$816,432	$0	$2,449,295
15	$3,396,356	$849,089	$0	$2,547,267
16	$3,532,210	$883,053	$0	$2,649,158
17	$3,673,499	$918,375	$0	$2,755,124
18	$3,820,438	$955,110	$0	$2,865,329
19	$3,973,256	$993,314	$0	$2,979,942
20	$4,132,186	$1,033,047	$0	$3,099,140
21	$4,297,474	$1,074,368	$0	$3,223,105
22	$4,469,373	$1,117,343	$0	$3,352,029
23	$4,648,148	$1,162,037	$0	$3,486,111
24	$4,834,073	$1,208,518	$0	$3,625,555
25	$5,027,436	$1,256,859	$0	$3,770,577
26	$5,228,534	$1,307,133	$0	$3,921,400
27	$5,437,675	$1,359,419	$0	$4,078,256
28	$5,655,182	$1,413,796	$0	$4,241,387
29	$5,881,390	$1,470,347	$0	$4,411,042
30	$6,116,645	$1,529,161	$0	$4,587,484
Total	$110,000,000	$27,500,000	$0	$82,500,000

State:	Washington
Drawing Date:	Tue, Nov 12, 2013
Jackpot:	$132,000,000
Federal Tax:	25%
State Tax:	No state tax on lottery prizes
Report:	Mega Millions annuity payout schedule (30 annual payments)

Year	Gross Payment	Federal Taxes	State Taxes	Net Payment
1	$1,986,789	$496,697	$0	$1,490,092
2	$2,086,129	$521,532	$0	$1,564,597
3	$2,190,435	$547,609	$0	$1,642,826
4	$2,299,957	$574,989	$0	$1,724,968
5	$2,414,955	$603,739	$0	$1,811,216
6	$2,535,703	$633,926	$0	$1,901,777
7	$2,662,488	$665,622	$0	$1,996,866
8	$2,795,612	$698,903	$0	$2,096,709
9	$2,935,393	$733,848	$0	$2,201,545
10	$3,082,163	$770,541	$0	$2,311,622
11	$3,236,271	$809,068	$0	$2,427,203
12	$3,398,084	$849,521	$0	$2,548,563
13	$3,567,988	$891,997	$0	$2,675,991
14	$3,746,388	$936,597	$0	$2,809,791
15	$3,933,707	$983,427	$0	$2,950,280
16	$4,130,393	$1,032,598	$0	$3,097,794
17	$4,336,912	$1,084,228	$0	$3,252,684
18	$4,553,758	$1,138,439	$0	$3,415,318
19	$4,781,446	$1,195,361	$0	$3,586,084
20	$5,020,518	$1,255,129	$0	$3,765,388
21	$5,271,544	$1,317,886	$0	$3,953,658
22	$5,535,121	$1,383,780	$0	$4,151,341
23	$5,811,877	$1,452,969	$0	$4,358,908
24	$6,102,471	$1,525,618	$0	$4,576,853
25	$6,407,594	$1,601,899	$0	$4,805,696
26	$6,727,974	$1,681,994	$0	$5,045,981
27	$7,064,373	$1,766,093	$0	$5,298,280
28	$7,417,592	$1,854,398	$0	$5,563,194
29	$7,788,471	$1,947,118	$0	$5,841,353
30	$8,177,895	$2,044,474	$0	$6,133,421
Total	$132,000,000	$33,000,000	$0	$99,000,000

Sorry, but once you invest your winnings properly, you'll come out ahead of the annuity. And since there are many winners who take the annuity and still end up bankrupt, annuity is no guarantee against blowing it all. A winner needs financial discipline no matter what.

But I'm curious as to why you feel he's blown his money. Where do you see any evidence of that? He capped out at the max he could gift without going over, so he didn't have to pay gift tax (so someone obviously advised him about that) and then he transferred a large chunk of his money out of the country (which is quite common) and to a place where he is going to get a lot more bang for his buck. Seems to me he's planning on where he's going to retire and it won't be in the US. Cynthia Stafford won much less than him and she's driving around in Bentley's and constantly jewelry shopping. His big purchase (according to the ex) is a $300,000 house, which is nothing. One annual interest payment can cover that easily.

She's concerned that he'll transfer or hide his money in a way that she will be unable to get to it and there will be nothing left for her. That's a totally different scenario than him squandering all his money and not having anything left.

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