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

Topic closed. 19 replies. Last post 3 years ago by sully16.

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United States
Member #125918
March 31, 2012
362 Posts
Offline
Posted: November 10, 2013, 2:55 pm - IP Logged

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)

 

YearGross PaymentFederal TaxesState TaxesNet 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)

 

YearGross PaymentFederal TaxesState TaxesNet 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

    United States
    Member #130815
    July 25, 2012
    1636 Posts
    Offline
    Posted: November 10, 2013, 5:15 pm - IP Logged

    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)

     

    YearGross PaymentFederal TaxesState TaxesNet 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)

     

    YearGross PaymentFederal TaxesState TaxesNet 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's avatar - Lottery-035.jpg
      New York
      United States
      Member #145706
      August 12, 2013
      108 Posts
      Offline
      Posted: November 10, 2013, 5:29 pm - IP Logged

      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's avatar - Lottery-031.jpg
        Tampa, FL
        United States
        Member #121764
        January 16, 2012
        188 Posts
        Offline
        Posted: November 10, 2013, 5:36 pm - IP Logged

        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's avatar - Lottery-035.jpg
          New York
          United States
          Member #145706
          August 12, 2013
          108 Posts
          Offline
          Posted: November 10, 2013, 5:50 pm - IP Logged

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

            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
            Bay Area - California
            United States
            Member #136477
            December 12, 2012
            4108 Posts
            Offline
            Posted: November 10, 2013, 6:10 pm - IP Logged

            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's avatar - Lottery-042.jpg
              Mcminnville, Oregon
              United States
              Member #3013
              December 13, 2003
              3051 Posts
              Offline
              Posted: November 10, 2013, 7:15 pm - IP Logged

              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

              US Flag

                Lucky4Life's avatar - batman14

                United States
                Member #85037
                January 7, 2010
                252 Posts
                Offline
                Posted: November 11, 2013, 11:45 am - IP Logged

                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.

                  Avatar

                  United States
                  Member #125918
                  March 31, 2012
                  362 Posts
                  Offline
                  Posted: November 11, 2013, 11:52 am - IP Logged

                  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's avatar - dandy
                    u$a
                    United States
                    Member #106665
                    February 22, 2011
                    19797 Posts
                    Offline
                    Posted: November 11, 2013, 1:25 pm - IP Logged

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

                    Green laugh

                    Let it Snow Snowman

                      mediabrat's avatar - 18z0typ
                      upstate NY
                      United States
                      Member #108791
                      March 31, 2011
                      549 Posts
                      Offline
                      Posted: November 11, 2013, 1:26 pm - IP Logged

                      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

                      US Flag

                      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's avatar - dandy
                        u$a
                        United States
                        Member #106665
                        February 22, 2011
                        19797 Posts
                        Offline
                        Posted: November 12, 2013, 5:58 am - IP Logged

                        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.

                        I Agree!

                        Let it Snow Snowman

                          Avatar
                          Morrison, IL
                          United States
                          Member #4657
                          May 13, 2004
                          1884 Posts
                          Offline
                          Posted: November 12, 2013, 11:12 pm - IP Logged

                          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)

                           

                          YearGross PaymentFederal TaxesState TaxesNet 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)

                           

                          YearGross PaymentFederal TaxesState TaxesNet 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's avatar - Lottery-061.jpg
                            Whiskey Island
                            United States
                            Member #90216
                            April 24, 2010
                            12740 Posts
                            Offline
                            Posted: November 12, 2013, 11:27 pm - IP Logged

                            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 !

                              Teddi's avatar - Lottery-008.jpg

                              United States
                              Member #142499
                              May 13, 2013
                              1183 Posts
                              Offline
                              Posted: November 13, 2013, 5:58 am - IP Logged

                              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)

                               

                              YearGross PaymentFederal TaxesState TaxesNet 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)

                               

                              YearGross PaymentFederal TaxesState TaxesNet 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.