Powerball "technical glitch"?

[McDad]

The winning numbers are: 10, 33, 41, 47 and 56 with the Powerball of 10.

My numbers were:
10 15 22 52 49 5

 

[happy-go_vol]

It's an annuity and is an asset that can be passed on to heirs.

Yeah, if you were given 100 million of a 1.5 billion award, I'd say you could not spend that much in a year if you put in an 8th of the effort. I think you'd be numb to eventually

 

[happy-go_vol]

I'd take the annuity. I don't the support system of lawyers, accountants etc in place to handle that influx of cash.

How cool would it be to wake and have about 30 million deposited I your account.

 

[Ernest T. Vol]

It's an annuity and is an asset that can be passed on to heirs.

Don't forget the 40% estate tax you'd owe to support your democrat friends.

 

[happy-go_vol]

Don't forget the 40% estate tax you'd owe to support your democrat friends.

Yeah, you best buy a bunch of land and gold and large safes.

 

[hog88]

It's an annuity and is an asset that can be passed on to heirs.

What I would do with it would be to. Probably for generations.

 

[GordonC]

My numbers were:
10 15 22 52 49 5

I played those a couple of weeks ago.

 

[GordonC]

If you take the annuitized amount of est. 1.9 or whatever, the amount you draw each year is subject to taxes, which can and do change.

Taking cash option is the only way to know exactly what you will pay in taxes on the prize itself.

 

[GordonC]

It's an annuity and is an asset that can be passed on to heirs.

Only a 30-yr payout. Better to take cash and purchase an SPIA if you want to go that route.

 

[ClearwaterVol]

Only a 30-yr payout. Better to take cash and purchase an SPIA if you want to go that route.

The success stories of people taking the cash out option are negligable.

 

[Fun coupon VOL]

I'd take the annuity. I don't the support system of lawyers, accountants etc in place to handle that influx of cash.

So you can handle approximately 17 million after taxes on your first payment?

You will need lawyers and accountants either way.

 

[GordonC]

The lottery keeps half your money. I'd call that a fee.

no
the cash option is the only money that is there based on ticket sales, with half going to education in that state and half into the "cash option"
the "estimated jackpot," based on a 30-year payout, is the amount of the cash option that is invested to guarantee you receive the payout for 30 years, after you receive the first payment
this is why you are better off to take the cash option always: you know exactly how much tax will be paid on the initial amount and should be able to invest it in something yielding a higher rate than government securities

 

[GordonC]

The success stories of people taking the cash out option are negligable.

and, of course, gift tax laws are subject to change as well

 

[GordonC]

So you can handle approximately 17 million after taxes on your first payment?

You will need lawyers and accountants either way.

and one hell of an umbrella liability policy

 

[ClearwaterVol]

So you can handle approximately 17 million after taxes on your first payment?

You will need lawyers and accountants either way.

The world of people capable of managing 17 million is fairly small. The world of people that can help manage 500M is way smaller.

 

[hog88]

The world of people capable of managing 17 million is fairly small. The world of people that can help manage 500M is way smaller.

The same people that can handle 17mil could handle 500mil.

 

[ClearwaterVol]

The same people that can handle 17mil could handle 500mil.

Absolutely not.

 

[McDad]

The same people that can handle 17mil could handle 500mil.

I would like an opportunity to handle both, please.

 

[hog88]

Absolutely not.

Ok

 

[hog88]

I would like an opportunity to handle both, please.

Yep, I'd like to take that test myself.

 

[hog88]

I don't have a plan for winning never have thought about it much since I have never won any type of lottery, raffle or drawing but I do know one thing that I would do. I would leave, me and the wife would be a ghosts until we had a plan and all of the vehicles in place to manage the money. After that we would contact the kids and let them know where we are. Middle TN would be history for us for at least a few years.

 

[Orangeburst]

I don't have a plan for winning never have thought about it much since I have never won any type of lottery, raffle or drawing but I do know one thing that I would do. I would leave, me and the wife would be a ghosts until we had a plan and all of the vehicles in place to manage the money. After that we would contact the kids and let them know where we are. Middle TN would be history for us for at least a few years.

You could then buy a cattle ranch in Texas

 

[hog88]

You could then buy a cattle ranch in Texas

Yeah I don't think that would be in our plans.

 

[Jeff Clark]

I went and bought 4 Powerball Multipliers after i voted today

 

[ClearwaterVol]

I don't have a plan for winning never have thought about it much since I have never won any type of lottery, raffle or drawing but I do know one thing that I would do. I would leave, me and the wife would be a ghosts until we had a plan and all of the vehicles in place to manage the money. After that we would contact the kids and let them know where we are. Middle TN would be history for us for at least a few years.

I would vanish for a bit.