|Posted: December 6, 2016, 6:30 am - IP Logged|
"The 20 workers in Tennessee choose the 30 annual payments and got about $12 million (about $9 after taxes) a year."
Each of the 20 winners will get about $701,667 a year before taxes. Amazing how a $421 million jackpot can be reduced that much.
That is still a hell of a lot more than a lot of us here....and if they are not over spending, that will out live most of them.
That would be my plan when I win....while I would take the lump sum, I would set up a trust that paid me out ideally 15 grand a month for 35 to 40 years if i win enough to do that for myself and my two siblings, with maybe half that amount for my parents over 25 years.
My main goal after winning the lottery is to prevent myself from going broke in the first 5 to 10 years. I would continue to work but on my own terms and doing what I love most. I am a young, single gal, so retiring is not an option for me.
Congrats to the group on their win