I am writing a draft letter of my resignation from work.
"Dear boss...take this job and shove it...I ain't work here no more" Short and sweet....and to the point.
I am writing a draft letter of my resignation from work.
"Dear boss...take this job and shove it...I ain't work here no more" Short and sweet....and to the point.
Technically, it's 740 million after tax, divided by 64 people = 11.5 mill each.
This is great. I'm going to borrow this
might be able to buy an RTX 3080 for thatTechnically, it's 740 million after tax, divided by 64 people = 11.5 mill each.
I thought 740 million is if you take a huge lump sum up front instead of yearly payments for years (1 billion).
Then you will have to pay federal income tax on that 740 plus state and local income taxes (if applicable).
Is that right? BTW, the damn Megamillions website is down right now for me.
Sure. Make sure I get a cut of your winning...heheheheh. Oh, remember NOT to hit the send button yet...don't count them chickens yet you hear?
for pool there isn't any way to do it but lump sum. i guess you could use a corporate trustee to collect and distribute the funds each year but you wouldn't be avoiding much tax in a relative sense like you would taking the annuity on small jackpots (million dollar range)yes, but lump sum is always worth more than the "lifetime jackpot." (don't forget your lifelong compound interest that starts now, with lump sum, vs never if you let it get eaten up over 40+ years) plus, how would one split up lifetime payments among 64 people?
impossible.
lump sum is the only option for AT pool.
also....assume another winner. jackpot/2 (or 3!) - tax // 64 = still kinda poor for AT standards
anyway, never look at "jackpot" numbers on these lottos. It's always realistically much less than the lump sum
for pool there isn't any way to do it but lump sum. i guess you could use a corporate trustee to collect and distribute the funds each year but you wouldn't be avoiding much tax in a relative sense like you would taking the annuity on small jackpots (million dollar range)
IMO, you'd be leaving a lot of money on the table if you did annuities. I'd rather start investing that xx million right away and turning 5-10% interest.
it's not xx million, it's x million, and maybe smaller.IMO, you'd be leaving a lot of money on the table if you did annuities. I'd rather start investing that xx million right away and turning 5-10% interest.
I believe that version of the Roth IRA is known as the Romney Specialit's not xx million, it's x million, and maybe smaller.
and zin what roth IRA are you stashing a million+ dollars in?
Someone won the jackpot (1 ticket) and the amount is down to $20 million. Is it us, the cool AT team?
I believe that version of the Roth IRA is known as the Romney Special
you open it up...and uh, uh, just pull all of your money in!
lol, I suddenly tripped over myself, history of doing a roll-over into a brand new IRA, and was thinking, oh yeah...first account! you just put whatever money in there!
my brain farted. sew me!
Harness up the goats.One match 5 winner in VA. So we can possibly be splitting $1mm still. Otherwise anyone want to buy me a tractor?