Lottery players

[Phoenix]

Fox breaking news says:

Mega Millions Jackpot Increases to World-Record $640 Million

 

[Phoenix]

Doubt they play the lottery.

Just don't "bet" on that


http://www.sbnation.com/nfl/2012/3/...rategy-is-taking-professional-sports-by-storm

 

[Hoofbite]

Just to get your dreams really going, here's a site that lists how much you would have if you took lump sum and then paid taxes on it.

http://www.usamega.com/mega-millions-jackpot.asp

 

[JonJon]

I'm gonna get a ticket just to say I got one.

 

[5Stars]

Just to get your dreams really going, here's a site that lists how much you would have if you took lump sum and then paid taxes on it.

http://www.usamega.com/mega-millions-jackpot.asp

Notice how Utah is not on the list! It kinda pisses me off that this state won't let us play the Lotto. If we do get a ticket, I have to travel to Idaho to get one.

 

[kristie]

Just to get your dreams really going, here's a site that lists how much you would have if you took lump sum and then paid taxes on it.

http://www.usamega.com/mega-millions-jackpot.asp

and i live in a state with no sales tax yet my husband & i would have to deal with a state tax of 6.9% if we won in addition to federal taxes.


thank god my mother-in-law is an accountant.

 

[Cajuncowboy]

ALWAYS ALWAYS ALWAYS take the lump sum payment.

 

[kristie]

ALWAYS ALWAYS ALWAYS take the lump sum payment.

definitely. it's the wiser way to go.

 

[Kristi]

We got a few tickets. However, when I win I won't be able to cash my ticket as the lottery office is not accessible. No accessible parking and no curb cutouts to get in the door. I'm working on getting it accessible, but law stuff takes FOREVER. It's nice out -- they can give me my check outside.

 

[5Stars]

We got a few tickets. However, when I win I won't be able to cash my ticket as the lottery office is not accessible. No accessible parking and no curb cutouts to get in the door. I'm working on getting it accessible, but law stuff takes FOREVER. It's nice out -- they can give me my check outside.

When you win...could you throw 500 dollars my way? :

 

[rkell87]

ALWAYS ALWAYS ALWAYS take the lump sum payment.

definitely. it's the wiser way to go.

what? why the hell would you just let them keep 120 million dollars?

 

[Kristi]

When you win...could you throw 500 dollars my way? :

Sure, I think I could pass that along to you.

 

[Hoofbite]

what? why the hell would you just let them keep 120 million dollars?

When is enough, enough?

People I talked to today had similar ideas and talked about what they'd do with it.

One guy said he would invest in such and such and just sit back and do nothing.

Like he couldn't do that without investing or something.

I said I'd probably find the safest place to store it away, even if it means the amount doesn't grow at all. I'm not trying take over the world. Ensuring I don't lose any part of 300M is good enough for me.

But, you take the lump sum because money now is generally always better than money 25 years from now.

You take 200M and find someone who knows what they are doing and if they can get even minimal returns year in and year out, you'll far exceed the 26 year annuity.

If you get real lucky, I don't think it would be unreasonable to cross a billion before its all said and done.

Then again, I don't know how it all works when you get to that scale. Not a single clue.

 

[Afigueroa22]

You take 200M and find someone who knows what they are doing and if they can get even minimal returns year in and year out, you'll far exceed the 26 year annuity.

#Truth

 

[Manwiththeplan]

what? why the hell would you just let them keep 120 million dollars?

Unless you just spend on frivolous things, you should be able to make more than the 120 million over the 26 years.

 

[rkell87]

Unless you just spend on frivolous things, you should be able to make more than the 120 million over the 26 years.

you should be able to make that by investing the money you get each year too and you aren't leaving 120 million on the table to do it.


i just don't see any reason to need 346 million now instead of 480 million over 26 installments.

 

[SC Cowboyfan]

you should be able to make that by investing the money you get each year too and you aren't leaving 120 million on the table to do it.


i just don't see any reason to need 346 million now instead of 480 million over 26 installments.

can you guys come to an agreement so I know what to do when I win tonight......

 

[Hoofbite]

you should be able to make that by investing the money you get each year too and you aren't leaving 120 million on the table to do it.


i just don't see any reason to need 346 million now instead of 480 million over 26 installments.

It's not about need.

If you're determined to come out with the most amount of money, you take it all and invest.

If that isn't your goal, you do whatever fits your needs and desires best.

 

[kristie]

We got a few tickets. However, when I win I won't be able to cash my ticket as the lottery office is not accessible. No accessible parking and no curb cutouts to get in the door. I'm working on getting it accessible, but law stuff takes FOREVER. It's nice out -- they can give me my check outside.

nice.

 

[Manwiththeplan]

Well, I'm not a millionaire.....