Lump Sum Or Annuity? :)Prev Topic Next Topic

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Karen Nathan

Miami Florida
United States
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July 13, 2018
549 Posts
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Jul 25, 2020, 7:54 pm

You find a dollar on the ground. With that dollar you decide to gamble on the Lottery. You pick the numbers 6, 22, 32, 40, 50, 53. You watch that night's Lottery Draw. Ball 6 pops up. You smile a bit skeptically. 22 pops up. Your smile begins to get a bit wider. 32 pops up. You are now smiling even bigger. You are now a winner of at least $5 no matter what. 40 pops up. You are now ecstatic. You won $50 at least! Woo hoo. 50 pops up! Yes! You just won $10,000! Field goal!

You begin dancing like a happy maniac. But your heart is doing a happy anticipation beat. Please be 53! You pray to the Lottery Gods and the actual God that the final number is 53. 53 pops up! Holy crap in a good way! You are a winner of 6 million dollars before taxes. You thank both the Lottery Gods and the actual God.

You kiss your winning ticket and sign your name on the back in pen. You drive yourself 1 hour to The State Lottery Headquarters. They check your ID and run you through their background check. You are 25, have never been married, and have no offspring, owe no loans/debts,don't owe back taxes, etc

Congratulations! The money is all for you after fees and taxes! The Lottery Representatives ask you this very important and life changing question. Do you want us to pay you 4 million right now as a one time lump sum or do you want to be paid every year $300,000 before taxes? What do you Lottery Post Members do? :)
darthfury78

homestead
United States
Member #158,173
August 14, 2014
749 Posts
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Jul 25, 2020, 9:02 pm

I would take the annuity option. This is after I have the winnings placed in a Trust so it can collect the payment over a 20 year period. The annual payment would allow me to invest the cash in blue chip stocks. By the time when I receive the last instalment the $4 Million Jackpot would be worth around $60 Million(divdends reinvested). The Jackpot is a once in a lifetime opportunity. Why blow it on things that will be a liability, like having multiple houses and cars?
grwurston

100

Same digits. Different games.

United States
Member #90,245
April 24, 2010
16,930 Posts
Online

Jul 25, 2020, 9:18 pm

Quote: Originally posted by Karen Nathan on Jul 25, 2020
You find a dollar on the ground. With that dollar you decide to gamble on the Lottery. You pick the numbers 6, 22, 32, 40, 50, 53. You watch that night's Lottery Draw. Ball 6 pops up. You smile a bit skeptically. 22 pops up. Your smile begins to get a bit wider. 32 pops up. You are now smiling even bigger. You are now a winner of at least $5 no matter what. 40 pops up. You are now ecstatic. You won $50 at least! Woo hoo. 50 pops up! Yes! You just won $10,000! Field goal!

You begin dancing like a happy maniac. But your heart is doing a happy anticipation beat. Please be 53! You pray to the Lottery Gods and the actual God that the final number is 53. 53 pops up! Holy crap in a good way! You are a winner of 6 million dollars before taxes. You thank both the Lottery Gods and the actual God.

You kiss your winning ticket and sign your name on the back in pen. You drive yourself 1 hour to The State Lottery Headquarters. They check your ID and run you through their background check. You are 25, have never been married, and have no offspring, owe no loans/debts,don't owe back taxes, etc

Congratulations! The money is all for you after fees and taxes! The Lottery Representatives ask you this very important and life changing question. Do you want us to pay you 4 million right now as a one time lump sum or do you want to be paid every year $300,000 before taxes? What do you Lottery Post Members do? :)

If you look at the Quick Links and click on USA MEGA, and then click on Jackpot Analysis, it will give the breakdown of how much you will get each year if you take the annuity on any Jackpot win for MM and PB.

Maybe that can help you decide. What you do would also depend on your age at the time, knowing that it is going to take 30 years to get everything.

I like your scenario. People find discarded scratch offs and win, so why couldn't it happen?

Good Luck anyway!!!

When playing the lottery the one thing that should matter the most is: Are you winning more than you spend?
music*

Fresno, California
United States
Member #157,847
August 2, 2014
3,959 Posts
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Jul 25, 2020, 9:57 pm

darthfury78, Enjoy having a check arriving in your mailbox on the Anniversary of your win.

If you are not interested in real estate than stay out. Settle inside your home.

Antique cars may be your choice.

"We are all in this together!"
Karen Nathan

Miami Florida
United States
Member #191,028
July 13, 2018
549 Posts
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Jul 25, 2020, 10:41 pm

Quote: Originally posted by grwurston on Jul 25, 2020
If you look at the Quick Links and click on USA MEGA, and then click on Jackpot Analysis, it will give the breakdown of how much you will get each year if you take the annuity on any Jackpot win for MM and PB.

Maybe that can help you decide. What you do would also depend on your age at the time, knowing that it is going to take 30 years to get everything.

I like your scenario. People find discarded scratch offs and win, so why couldn't it happen?

Good Luck anyway!!!

Good point on the age. In my Scenario, the Person is only 25 and doesn't have any children and is unmarried, so most likely wouldn't be thinking of leaving money for heirs or anything like that, so that 25 year old is more likely to choose the Lump Sum and blow it friviously on cars, fancy food, fancy Jewelry, more gambling, travel, drinking, drugs, wild parties, fancy clothes, Limo Rides, etc.

A 55 year old would most likely take the Annuity in order to make sure his Family is well taken care of for LIFE. A 55 year old knows he is middle aged so he really isn't in the prime of Life anymore and is most likely to make sure his family can still live off his Lottery Win after his death and besides most 55 year olds wouldn't find exciting what a young 25 year old finds exciting.

"What's your ADDRESS?" May be the CREEPIEST question EVER asked to a Lottery Winner! O.O WTF?

At first, I found the one digit away draws kind of amusing, but now I am PISSED! 15 or 16 times I was off by just one digit in recent times!🤬 No longer find this amusing, it's making me REALLY angry now!🤬
Karen Nathan

Miami Florida
United States
Member #191,028
July 13, 2018
549 Posts
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Jul 25, 2020, 10:45 pm

On an interesting side note, tonight's Lottery Purchase are 862 box Pick 3, , 6,22, 30, 32,40,50 for Lotto, EZ Match. :)

"What's your ADDRESS?" May be the CREEPIEST question EVER asked to a Lottery Winner! O.O WTF?

At first, I found the one digit away draws kind of amusing, but now I am PISSED! 15 or 16 times I was off by just one digit in recent times!🤬 No longer find this amusing, it's making me REALLY angry now!🤬
bigdaddy

BETWEEN OAKRIDGE AND WRIGHT-PATTERSON AFB
United States
Member #1,647
June 10, 2003
3,387 Posts
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Jul 25, 2020, 10:52 pm

lump sum putting half in stock symbol O and 2 other blue chip stocks that are lower than they should be with solid management..put a 1/4 of it in various cannabis stocks and live off the dividend...

Relax,Bigdaddy has your number

turning $30 or less into thousands everyday!!

here we go steelers ..here we go---------stairway to seven

TIME FOR THE LOMBARDI TROPHY TO COME HOME..
Stack47

Kentucky
United States
Member #32,651
February 14, 2006
10,529 Posts
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Jul 26, 2020, 6:54 pm

Quote: Originally posted by Karen Nathan on Jul 25, 2020
You find a dollar on the ground. With that dollar you decide to gamble on the Lottery. You pick the numbers 6, 22, 32, 40, 50, 53. You watch that night's Lottery Draw. Ball 6 pops up. You smile a bit skeptically. 22 pops up. Your smile begins to get a bit wider. 32 pops up. You are now smiling even bigger. You are now a winner of at least $5 no matter what. 40 pops up. You are now ecstatic. You won $50 at least! Woo hoo. 50 pops up! Yes! You just won $10,000! Field goal!

You begin dancing like a happy maniac. But your heart is doing a happy anticipation beat. Please be 53! You pray to the Lottery Gods and the actual God that the final number is 53. 53 pops up! Holy crap in a good way! You are a winner of 6 million dollars before taxes. You thank both the Lottery Gods and the actual God.

You kiss your winning ticket and sign your name on the back in pen. You drive yourself 1 hour to The State Lottery Headquarters. They check your ID and run you through their background check. You are 25, have never been married, and have no offspring, owe no loans/debts,don't owe back taxes, etc

Congratulations! The money is all for you after fees and taxes! The Lottery Representatives ask you this very important and life changing question. Do you want us to pay you 4 million right now as a one time lump sum or do you want to be paid every year $300,000 before taxes? What do you Lottery Post Members do? :)

"You thank both the Lottery Gods and the actual God."

"Thou shalt have no other gods before me."'

Just saying.

"Some people have something to say while other people feel the need to say something"
Karen Nathan

Miami Florida
United States
Member #191,028
July 13, 2018
549 Posts
Offline

Jul 26, 2020, 9:56 pm

Quote: Originally posted by Stack47 on Jul 26, 2020
"You thank both the Lottery Gods and the actual God."

"Thou shalt have no other gods before me."'

Just saying.

It was just a lighthearted joke.... :)
music*

Fresno, California
United States
Member #157,847
August 2, 2014
3,959 Posts
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Jul 29, 2020, 11:59 am

For the love of money is the root of all evil. The love of money is another god.

We have a jealous God. Too land in the hands of our living God is frightening.

"We are all in this together!"
grwurston

100

Same digits. Different games.

United States
Member #90,245
April 24, 2010
16,930 Posts
Online

Jul 29, 2020, 7:39 pm

Quote: Originally posted by music* on Jul 29, 2020
For the love of money is the root of all evil. The love of money is another god.

We have a jealous God. Too land in the hands of our living God is frightening.

If we didn't love money, or at least want more of it, why would we be on a lottery site trying to figure out how to win some of it?

When playing the lottery the one thing that should matter the most is: Are you winning more than you spend?
Midnite0807

Corona
United States
Member #205,376
March 26, 2020
752 Posts
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Jul 29, 2020, 8:27 pm

Quote: Originally posted by Karen Nathan on Jul 25, 2020
You find a dollar on the ground. With that dollar you decide to gamble on the Lottery. You pick the numbers 6, 22, 32, 40, 50, 53. You watch that night's Lottery Draw. Ball 6 pops up. You smile a bit skeptically. 22 pops up. Your smile begins to get a bit wider. 32 pops up. You are now smiling even bigger. You are now a winner of at least $5 no matter what. 40 pops up. You are now ecstatic. You won $50 at least! Woo hoo. 50 pops up! Yes! You just won $10,000! Field goal!

You begin dancing like a happy maniac. But your heart is doing a happy anticipation beat. Please be 53! You pray to the Lottery Gods and the actual God that the final number is 53. 53 pops up! Holy crap in a good way! You are a winner of 6 million dollars before taxes. You thank both the Lottery Gods and the actual God.

You kiss your winning ticket and sign your name on the back in pen. You drive yourself 1 hour to The State Lottery Headquarters. They check your ID and run you through their background check. You are 25, have never been married, and have no offspring, owe no loans/debts,don't owe back taxes, etc

Congratulations! The money is all for you after fees and taxes! The Lottery Representatives ask you this very important and life changing question. Do you want us to pay you 4 million right now as a one time lump sum or do you want to be paid every year $300,000 before taxes? What do you Lottery Post Members do? :)

It depends on you age & health, if you're over 59 take the the Lump Sum!
Midnite0807

Corona
United States
Member #205,376
March 26, 2020
752 Posts
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Jul 29, 2020, 8:32 pm

Sometimes it's not the love of money per se....it is wanting not to have to live paycheck to paycheck and not worried about getting laid off and how to pay bills after the layoff happens .....or if an immediate family member is seriously ill being able to.spend time & care for them before their sunset.
music*

Fresno, California
United States
Member #157,847
August 2, 2014
3,959 Posts
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Jul 30, 2020, 4:18 pm

Quote: Originally posted by Midnite0807 on Jul 29, 2020
Sometimes it's not the love of money per se....it is wanting not to have to live paycheck to paycheck and not worried about getting laid off and how to pay bills after the layoff happens .....or if an immediate family member is seriously ill being able to.spend time & care for them before their sunset.

with both grwurston and Midnite0807 After a major win one can do wonderful things. Family and friends will appreciate your kindness.

People in general will see lottery winnings as free money. Let it be and do what you think is correct.

"We are all in this together!"
Stack47

Kentucky
United States
Member #32,651
February 14, 2006
10,529 Posts
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Jul 31, 2020, 4:40 pm

Quote: Originally posted by music* on Jul 29, 2020
For the love of money is the root of all evil. The love of money is another god.

We have a jealous God. Too land in the hands of our living God is frightening.

But she said it was just "a lighthearted joke". Do you think fire and brimstone is headed her way?

"Some people have something to say while other people feel the need to say something"

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