with payments, that over $50 million USD a year. All i need is the $50 million. I think the rest, I would spend on buying Derrick, Mod and KOH a clue...... :P

It wouldn't be enough :)

LMAO! Im not giving up the first $50 mil for those 3...

After taxes and lump sum deductions, it would be around 680mill cash.

You could live off 35mill a year interest/growth and never touch the principal.

People that take the annuity payments are suckers.

Actually, assuming that you live long enough to get to the same amount of payments, you come out WAY ahead by taking the annuity payments. The tax savings are where it's at. BIG savings that way.


Just FYI, a braindead person can make 4%-5% per year on their money. 3-4mil is more than enough for just about anyone to comfortably live off of.

Properly investing your principal will net far better returns than annuity payments.

Lol to live off? People can live off making $1m in a lifetime let alone 3-4 or even 34m in interest.

Obviously your quality of life will depend how much you need. There is a reason 60% of lottery winners end up broke within a few years through drugs or gambling addictions.

Sad but true. Here in Australia you don’t pay tax on lottery so that’s a win.

The lottery is just a stupid tax. With that said I think I have the winner in my back pocket right now. $$

This



(bonus post)

All I need is no bills, a nice piece of property with a lake, a boat and Im set; a simple quality of life.. Depending on your age, you start to think of what "legacy" you leave to your offspring and your bloodline I guess. So if 30-50 mil out of 1.6b lets me do that, then the rest is for my heirs to squander. But there is truth in properly investing the principal for better returns. I'm thinking more in line with investing the income annually, letting it grow for my kids without them having access. I will never live long enough to spend all that $, nor do I have an interest, but they could turn this into Brewsters Millions in a heartbeat.. My idea: claim it under a trust; no one will know.. take my 30-50 mil and live the rest of my life in comfort. Let the world know the truth when I'm dead.,.. And I wish we didn't have to pay the tax man, mrcuban. The Gov't seems to be the winner in all cases...

Yeah im not sure why the australian govt doesnt tax lottery winnings, still doesn't stop most going broke in less than 3 years. LOL I am with you on the property w simply quality of life there... when fluff hits the fan being able to live off your own stuff sounds pretty good.

Ill take the annuity. Better to know I am set for 30 yrs without worrying I might go on some spree or business venture and end up broke.

^
What he said.....

And who the fluff are you?

But thanks anyway :-)

If youd like to buy me a clue I accept cash, venmo or paypal. Also hookers and booze if you insist.

Might as well throw a blowjob in the mix :P

Just give it to me...I'll invest it for you.

People that play the lottery are suckers.

Except for the winner, I agree however.