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If You Won The PowerBall Lottery which is $1.2 Billion Dollars Now.
#8723585
11/01/22 03:37 PM
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Joined: Apr 2005
Posts: 44,021
Stub
OP
THF Celebrity
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OP
THF Celebrity
Joined: Apr 2005
Posts: 44,021 |
How would you take the winnings/money?
Would you take the annuity over 30 years which would be $40 Mil per year, or the whole Enchilada in lump sum of $600 Million or thats a chump game for suckers and I am don't play!
Last edited by Stub; 11/01/22 03:40 PM.
“I never forget a face—but in your case, I’ll be glad to make an exception.” —Groucho Marx
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723589
11/01/22 03:40 PM
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Joined: Apr 2007
Posts: 60,580
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,580 |
40 million a year in a trust.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723590
11/01/22 03:41 PM
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Joined: Sep 2012
Posts: 16,053
Jimbo1
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 16,053 |
Doubt I have 30 more years in me, so lump sum.
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: BOBO the Clown]
#8723592
11/01/22 03:42 PM
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Joined: Oct 2008
Posts: 16,846
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,846 |
40 million a year in a trust. This
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: BOBO the Clown]
#8723602
11/01/22 03:51 PM
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Joined: Dec 2009
Posts: 9,871
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,871 |
40 million a year in a trust. ^^^ Legacy Money...
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: The Dude Abides]
#8723604
11/01/22 03:54 PM
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Joined: Jan 2013
Posts: 3,431
TLew
Veteran Tracker
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Veteran Tracker
Joined: Jan 2013
Posts: 3,431 |
40 million a year in a trust. ^^^ Legacy Money... Yep, doesn't matter how long I live then. Also, it means that I could space out my charitable giving and make people accountable for getting future installments.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723606
11/01/22 03:56 PM
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Joined: Mar 2010
Posts: 12,341
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,341 |
Lump sum. Get it away from the state before the rules get changed.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723608
11/01/22 03:57 PM
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Joined: Jul 2008
Posts: 6,439
Chopped54
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2008
Posts: 6,439 |
Lump sum invested modestly taking annual payouts you would net a lot more in 30 years than the $1.2....
Wealth is of the heart and mind and not of the pocket
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723611
11/01/22 03:57 PM
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Joined: Jun 2008
Posts: 7,946
bigjoe8565
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2008
Posts: 7,946 |
If you buy the farm, does your estate continue receiving the money? I was under the impression that once you’re gone the state stops paying out.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: bigjoe8565]
#8723614
11/01/22 03:58 PM
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Joined: Aug 2016
Posts: 8,325
Herbie Hancock
THF Trophy Hunter
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THF Trophy Hunter
Joined: Aug 2016
Posts: 8,325 |
If you buy the farm, does your estate continue receiving the money? I was under the impression that once you’re gone the state stops paying out. I wouldn't be shocked somewhere written in there that if you die it stops being paid out.
It takes beer to make thirst worthwhile - J. Fred Schmidt
The internet is an I.Q. Test, people post their scores in the comment section.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723616
11/01/22 03:59 PM
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Joined: Dec 2008
Posts: 41,219
J.G.
THF Celebrity
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THF Celebrity
Joined: Dec 2008
Posts: 41,219 |
Lump sum. Nothing says they would honor their 30 year pay out.
$600M is more than I need anyway.
800 Yard Steel Range Precision Rifle Instruction Memberships and Classes Available
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: bigjoe8565]
#8723617
11/01/22 03:59 PM
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Joined: Jul 2008
Posts: 6,439
Chopped54
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2008
Posts: 6,439 |
If you buy the farm, does your estate continue receiving the money? I was under the impression that once you’re gone the state stops paying out. yes, that's why its best to have an estate or trust accepts the winnings, not an individual.
Wealth is of the heart and mind and not of the pocket
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723627
11/01/22 04:10 PM
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Joined: Sep 2008
Posts: 6,695
Cochise
THF Trophy Hunter
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THF Trophy Hunter
Joined: Sep 2008
Posts: 6,695 |
No guarantee that the lottery exists a year from now - let alone 30.
Lump sum.
~$375 million after taxes (in Texas)
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Cochise]
#8723634
11/01/22 04:14 PM
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Joined: Apr 2007
Posts: 60,580
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,580 |
No guarantee that the lottery exists a year from now - let alone 30.
Lump sum.
~$375 million after taxes (in Texas) Market could crash also and devalue your investment by 98% + also. One constant in US history is taxes and Federal government as Fed survived the Great Depression Kind of like a 401k. In theory the constant investing, levels out market swings. That’s who I look at annual payments
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723646
11/01/22 04:34 PM
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Joined: Sep 2009
Posts: 4,580
Gumbeaux
Extreme Tracker
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Extreme Tracker
Joined: Sep 2009
Posts: 4,580 |
Historically, the annual rate of return on the stock market is 10%. I know, I know, not this year, but historically, that's where it's always been and always will be. The rule of 72 says that at that 10% rate of return your money doubles every 7 years.
Take the lump sum and don't be a complete and utter moron and you'll do WAY better than the 30 year payout. That's what I plan to do after I win tonight.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723662
11/01/22 04:44 PM
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Joined: Nov 2014
Posts: 7,789
Mr. T.
THF Trophy Hunter
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THF Trophy Hunter
Joined: Nov 2014
Posts: 7,789 |
Payout and buy one new ranch every year.
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723664
11/01/22 04:46 PM
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Joined: Nov 2012
Posts: 15,669
QuitShootinYoungBucks
THF Celebrity
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THF Celebrity
Joined: Nov 2012
Posts: 15,669 |
Lump sum. $50 million to play with/buy the land I want and fund it's operation. Rest goes into 75% low-risk funds/bonds, 25% riskier stuff. Max giving amounts/accounts for relatives so that they can enjoy some too.
https://web.archive.org/web/20170223065011/http:/www.rrdvegas.com/silencer-cleaning.html
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723705
11/01/22 05:48 PM
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Joined: Nov 2009
Posts: 69,287
NORML as can be
^^Cut the Cord^^
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^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,287 |
Lump sum, then I'd buy into Cresco Labs and be set for Life
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723713
11/01/22 06:00 PM
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Joined: Aug 2005
Posts: 32,020
txtrophy85
THF Celebrity
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THF Celebrity
Joined: Aug 2005
Posts: 32,020 |
Lump sum
Then I would go ranch shopping. Probably buy a new Bronco too
For it is not the quarry that we truly seek, but the adventure.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723724
11/01/22 06:12 PM
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Joined: Jun 2008
Posts: 7,946
bigjoe8565
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2008
Posts: 7,946 |
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: J.G.]
#8723728
11/01/22 06:19 PM
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Joined: Mar 2009
Posts: 4,426
jeffbird
Extreme Tracker
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Extreme Tracker
Joined: Mar 2009
Posts: 4,426 |
Lump sum....
$600M is more than I need anyway. Yep. Couple of coupons and I'll be able to squeak it out, maybe even Whatasize it at the drive through.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723749
11/01/22 06:30 PM
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Joined: Aug 2008
Posts: 14,956
don k
THF Celebrity
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THF Celebrity
Joined: Aug 2008
Posts: 14,956 |
I don't buy a lottery ticket so I don't have to worry about what to do if I win. Makes life easier.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723751
11/01/22 06:31 PM
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Joined: Nov 2009
Posts: 4,616
chalet
Extreme Tracker
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Extreme Tracker
Joined: Nov 2009
Posts: 4,616 |
Lump sum. Smallish ranch out West or North. Keep or invest enough to live on, give the rest away.
Shoot. Eat. Repeat.
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723755
11/01/22 06:37 PM
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Joined: Jan 2007
Posts: 1,810
MO
Pro Tracker
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Pro Tracker
Joined: Jan 2007
Posts: 1,810 |
Lump sum you get 50 cents on the dollar, Take the payments , you can sell any or part of your winnings for 70 cents on the dollar.
Spreads the tax bite out.
good luck to us all
MO
MY BACKYARD , 20,000 ACRES , NO MOWING
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Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now.
[Re: Stub]
#8723771
11/01/22 06:51 PM
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Joined: Mar 2013
Posts: 2,000
Barcelona Rick
Veteran Tracker
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Veteran Tracker
Joined: Mar 2013
Posts: 2,000 |
Lump Sum then buy this Forum & make Sniper RAB & Oxner the Chief Moderators...would be fun to watch !
rick
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