"this may result in more after-tax dollars" ...it won't.
all the while that cash is losing value over those years when it could have been invested all that time.
so yeah, you can keep paying more and more taxes on increasingly less-valuable money over those years--giving the gubbermint more money, I thought you hated that--or not.
Yes, the problem with the lump sum is that for most lottery types it's enough money to make them do crazy things.
the thing you quoted didn't mention the value of your payment 20 years from now vs today.
So what do you do with the lump sum? Who do you trust? American Greed says no one. I can't imagine that I would outlive $69K/day in 20 year money.
problem with that is your $64k/day 20 years from now doesn't have the same value it does today. And then the taxes on that value are even worse than if you get the entire value taxed at one time, today.
something something invest in funds with returns that beat inflation and you technically end up with more if you opt for the lump sum.
well, so say the smart people.
honestly, I imagine that 64k/day is still going to be pretty sweet 20 years from now. I think for anyone that is lazy enough and isn't bothered by such pauper's pay, the annuity is an OK option.
Unless I get a new body, I'm effed in 25years anyway...I hope.... unless I live to rival George Burns.me neither, but by raw value the generally-agreed upon greater winnings is the lump sum, which of course depends on a bit of work (wise investing that isn't necessarily all that risky from what I understand), or simply because of taxes and inflation
real estate is always a good idea, of course.
Of course, it's certainly possible to turn that lump sum into far more than the annuity value after only a few years, but I guess that is really risky.
as for who to trust...I dunno. I would first hire a lawyer and consult some smarty pants investment types, though of course I've come to trust few of those. I have some friends that know their stuff, though, so I'd trust them.
"this may result in more after-tax dollars" ...it won't.
all the while that cash is losing value over those years when it could have been invested all that time.
so yeah, you can keep paying more and more taxes on increasingly less-valuable money over those years--giving the gubbermint more money, I thought you hated that--or not.
Yes, the problem with the lump sum is that for most lottery types it's enough money to make them do crazy things.
the thing you quoted didn't mention the value of your payment 20 years from now vs today.
Thanks for the update.I have the winning ticket here in my hand... yall can go home now
someone, stop being a dickhead. dafuq is you problem. You "might" have some useful facts or information to contribute but your "I know it" attitude sucks balls. So no one will even read your posts. You're wasting your chance to help people on the boards and, I hope not, people in you life. For the record, you don't know it all.
Add not subtract.
Again, you're retarded. Hands down you're a winner. I know your daddy told you when he bought his weekly lotto that the lump sum is best choice, but if you actually stop and do some thinking in life, you would know how wrong you are. First and foremost you make an assumption that you (or people in general) invest their money after winning it. The first thing you (or anyone) does is spend it. Nice try.
Second, If at any time a lump sum MAY be more sizable than an annuity, it would be where it wasn't a big winning. How fucking retarded do you have to be to not realize that paying 39.6% on EVERY DOLLAR after $415,000 is a straight loss of 40% of your stockpile? It doesn't matter how much you want to say "buh buh... tha interest compounding!1!1one!" How can we transmit this valuable knowledge into your tiny insignificant brain that a 40% loss is hands down the worst possible action?
I know it's challenging making simple math calculations, but c'mon ol' chap. You can do it!
I'm not even going to get into the stupidity of you trying to work out in your head something stupid like acting as if you're going to accrue 10% interest on the entire lump sum for 20 years straight compounding.
Unless I get a new body, I'm effed in 25years anyway...I hope.... unless I live to rival George Burns.
https://www.youtube.com/watch?v=7S94ohyErSw
51, 25 will be 76. George age will be 100. Oh, the hotties I can have that the 20 somethings can't.I always pictured you as a mid 50's age
Again, you're retarded. Hands down you're a winner. I know your daddy told you when he bought his weekly lotto that the lump sum is best choice, but if you actually stop and do some thinking in life, you would know how wrong you are. First and foremost you make an assumption that you (or people in general) invest their money after winning it. The first thing you (or anyone) does is spend it. Nice try.
Second, If at any time a lump sum MAY be more sizable than an annuity, it would be where it wasn't a big winning. How fucking retarded do you have to be to not realize that paying 39.6% on EVERY DOLLAR after $415,000 is a straight loss of 40% of your stockpile? It doesn't matter how much you want to say "buh buh... tha interest compounding!1!1one!" How can we transmit this valuable knowledge into your tiny insignificant brain that a 40% loss is hands down the worst possible action?
I know it's challenging making simple math calculations, but c'mon ol' chap. You can do it!
I'm not even going to get into the stupidity of you trying to work out in your head something stupid like acting as if you're going to accrue 10% interest on the entire lump sum for 20 years straight compounding.
u aint got no date?...agian...Nobody is going to win the big one tonight.
I won $4!!! Should I take the annuity or lump sum?
Nobody is going to win the big one tonight.
I want to see it hit $1 billion, tickets sales would be over the top nuts.