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Author Topic: site breaks down how much you'd get net out of 540 million lottery win for each state [Locked]
HeartView  4 stars
Title: Be right back...
Posts: 1,209
Registered: 2001-12-20 08:11:56
Cao_Ren posted:

I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.



You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?

 

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JD_HOGG  4 stars
Posts: 2,846
Registered: 2008-3-18 08:04:21
HeartView posted:

Can I get mine in pennies?



LOL YES BUT U WILL NOT BE ABLE TO USE THEM SOON!!!!
Cao_Ren  1 star
Title: Archmaster
Posts: 157
Registered: 2001-7-13 18:33:35
HeartView posted:

Cao_Ren posted:

I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.



You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?



Which is better?

14.8 million a year for 26 years. Will grow with investments
vs.
79 million +
10 million a year forever. Will grow with investments.

 

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Jesus.Christ..  1 star
Posts: 165
Registered: 2011-5-20 16:21:16
Being Jesus I don't buy lottery tickets, but I do know a guy who's never bought tickets before and decided to drop $20 on them yesterday just for grins.

 

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JD_HOGG  4 stars
Posts: 2,846
Registered: 2008-3-18 08:04:21
HeartView posted:

Cao_Ren posted:

I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.



You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?



Dividends tend to grow over time. That fixed payment won't.
Fozzie_Bear  4 stars
Posts: 2,490
Registered: 2001-12-20 01:43:43
I'd take a lump sum simply because I doubt I'll be alive the whole 20+ years

 

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Surge_MT  1 star
Posts: 213
Registered: 2001-5-9 11:10:00
JD_HOGG posted:

HeartView posted:

Cao_Ren posted:

I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.



You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?



Dividends tend to grow over time. That fixed payment won't.



They're also not going to adjust future annuity payments for inflation.

 

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Nestor_II  1 star
Title: I Would Walk 500 Miles
Posts: 160
Registered: 2002-1-31 07:03:29
Lump sum it for me, i can grow 200 million of that a conservative 5% a year and end up with 400 million in 20 years, on the high side 1 billion +, so screw that annuity.

 

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sliyurs  3 stars
Title: Official VN Stalker
Posts: 771
Registered: 2003-1-9 21:27:11
What if the lottery system isn't around for 20+ years? Where do you get the money from then?

 

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Former_Camilla  1 star
Title: Official Team Canada Cheerleader!
Posts: 189
Registered: 2001-3-11 13:54:39
Lump sum for me because as a Canuckistanian, I can claim the taxes and get a portion back!

Besides, how the hell would I know the difference in my lifestyle if I was making $15M/year or had $275M + whatever I make on interest/investments.

Don't think I'd be like "OH CRAP! I CAN'T AFFORD THIS TODAY! I'M ON A BUDGET!"

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