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Soldier on leave wins $150 million

Originally posted by: Roger
It's gonna suck when he has to go back on duty.
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Tirrell Moore is a chemical decontamination specialist with the 520th Maintenance Company. They chose to receive a lump sum payment of $88.9 million, and now plan to ask the Army for releases.

Haha...



 
I wonder if they'll release him, my guess would be they probably will.

I would think that having him around would be too big a distraction, they'd be better off without him.

Viper GTS
 
Originally posted by: edro13
That @ss! Our IT dept. was in a pot for that! That was supposed to be our money!
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Phvck that, I drove all the way to Virginia to buy tickets because I live in a state filled with religious moral freaks
 
A lot of times, winning nearly $90 Mil is more of a curse than a blessing. Just think of all the weirdos and long lost relatives that will come out of the woodwork and hit them up, if not put a hit on them.

And these two look like the $$ will totally ruin them. So young and all. And of that $88 Million check they get from the state, I think something like 50% of it will go to the feds right away. If It were me, I'd take the Annuity option as the Taxes are a lot less.

Just my $0.02
 
Originally posted by: thatsright
A lot of times, winning nearly $90 Mil is more of a curse than a blessing. Just think of all the weirdos and long lost relatives that will come out of the woodwork and hit them up, if not put a hit on them.

And these two look like the $$ will totally ruin them. So young and all. And of that $88 Million check they get from the state, I think something like 50% of it will go to the feds right away. If It were me, I'd take the Annuity option as the Taxes are a lot less.

Just my $0.02
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Screw that! Lump sum all the way!

After the IRS and State get their share, he'll probably still have about $45-50million!!

Invest that and make just 2%/yr and that's up to $500,000/yr! Never touch the principal!
 
Originally posted by: thatsright
A lot of times, winning nearly $90 Mil is more of a curse than a blessing. Just think of all the weirdos and long lost relatives that will come out of the woodwork and hit them up, if not put a hit on them.

And these two look like the $$ will totally ruin them. So young and all. And of that $88 Million check they get from the state, I think something like 50% of it will go to the feds right away. If It were me, I'd take the Annuity option as the Taxes are a lot less.

Just my $0.02
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They would get 20 years of interest on your money
 
Originally posted by: conjur
Originally posted by: thatsright
A lot of times, winning nearly $90 Mil is more of a curse than a blessing. Just think of all the weirdos and long lost relatives that will come out of the woodwork and hit them up, if not put a hit on them.

And these two look like the $$ will totally ruin them. So young and all. And of that $88 Million check they get from the state, I think something like 50% of it will go to the feds right away. If It were me, I'd take the Annuity option as the Taxes are a lot less.

Just my $0.02
Click to expand...

Screw that! Lump sum all the way!

After the IRS and State get their share, he'll probably still have about $45-50million!!

Invest that and make just 2%/yr and that's up to $500,000/yr! Never touch the principal!
Click to expand...


Daytrade man, daytrade!

 
Originally posted by: Nitemare
Originally posted by: thatsright
A lot of times, winning nearly $90 Mil is more of a curse than a blessing. Just think of all the weirdos and long lost relatives that will come out of the woodwork and hit them up, if not put a hit on them.

And these two look like the $$ will totally ruin them. So young and all. And of that $88 Million check they get from the state, I think something like 50% of it will go to the feds right away. If It were me, I'd take the Annuity option as the Taxes are a lot less.

Just my $0.02
Click to expand...

They would get 20 years of interest on your money
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Yes thats right, but only partially so......... The feds&state would tax them for the time they get the annuity-20 years-but by doing this in the end they will save many more Millions by going with the Annuity. For the lump sum option, they get taxed at a much higher rate compared to the Annuity every year. But now that I think about it, this is still a problem I'd like to have..............😉
 
Originally posted by: conjur
Originally posted by: thatsright
A lot of times, winning nearly $90 Mil is more of a curse than a blessing. Just think of all the weirdos and long lost relatives that will come out of the woodwork and hit them up, if not put a hit on them.

And these two look like the $$ will totally ruin them. So young and all. And of that $88 Million check they get from the state, I think something like 50% of it will go to the feds right away. If It were me, I'd take the Annuity option as the Taxes are a lot less.

Just my $0.02
Click to expand...

Screw that! Lump sum all the way!

After the IRS and State get their share, he'll probably still have about $45-50million!!

Invest that and make just 2%/yr and that's up to $500,000/yr! Never touch the principal!
Click to expand...

Don't forget to account for inflation 😉
 
I heard or read a great article that a magazine interviewed folks who won it big in the lottery. For most of them it was not a good thing. All the family members hitting them up, blowing it all in 5 years, declaring bankruptcy, getting robed, etc. I can't believe that somebody could go through $120 or $90 million in a few years, but it happens and then a lot of them had to file Chapter 7.

Why am I still posting in here? I still buy the damn scratch tickets once a week. I even won $2000 in July.
 
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