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Powerball jackpot at $400 million - Oops! $1.5 billion - $40 mil

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zinfamous said:
"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.
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Correct. Also, the annuity will keep you in a higher tax bracket for the duration while the lump sum will only be the year you are paid out. And I'd like to think we can all get a better rate of return than the government by investing it. Funny thing about the article that the retard posted is that it actually doesn't even demonstrate that the annuity is more advantageous, only that it may be.
 
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highland145 said:
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.
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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.
 
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zinfamous said:
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.
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20 years ago (1995) $65,000.00 would have been equivalent to $40,000.00. That's still a lot of money per day to live on.

I guess the only part that sucks is the value of the money after 20 years inflation is only 61% of what it was, although still being taxed the same amount.
 
zinfamous said:
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.
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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
 
zinfamous said:
"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.
Click to expand...

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.
 
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Chess said:
I have the winning ticket here in my hand... yall can go home now 😉
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Thanks for the update.


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.



I'm the asshole poster around there anyway.


eff, when did I become my Dad?
 
highland145 said:
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.
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All of this.
 
s0me0nesmind1 said:
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.
Click to expand...

But 8% isn't unreasonable that should effectively double your money twice over 20-25 years.
I do believe you could even do better. Once you have a few million to invest you get into the high frequency trading guys. I know there is one brokerage that hasn't posted a daily loss for years (as of a few months ago). You just need to have big money for them to do business with you.
 
s0me0nesmind1 said:
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.
Click to expand...

are you purposefully stupid, or is it an online act?

daddy issues?

don't even need 10% compound interest, numnuts. You've still yet to work out the consistently depreciating value of your cash from year to year in your 3rd grade math. But this is actually very simple to figure out:

with the annuity--it is guaranteed to lose value over time. You know that, unless you are an idiot.

With the lump sum, you have the option of losing it all at once, breaking even, or pretty easily making more than the annuity, or making a metric shit ton more.

But by all means--let the government invest it for you over 20 years. I'm sure that sits comfortably with you.

You also don't know me or my dad, dickscarf.

You come into this thread spouting insane logical fallacies and not understanding the topic at hand. You probably think the whiskey bottle is evil--did your daddy get drunk and beat you or something?

take your ignorance back to P&N where it has a more tolerable audience for your shrunken brainpan.
 
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WaTaGuMp said:
I want to see it hit $1 billion, tickets sales would be over the top nuts.
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Now we need a powerball insider to setup a scam. This amount of money exceeds any price tag one's ethics may have set. I am virtually certain there is enough money in play to get the necessary powerball employee(s) to play ball. Rigging that stupid machine to spit out desired numbers shouldn't be hard and that could be done by one insider. We would need another to scan the submitted combinations so we know which (unique?) combination to pick.
 
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