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Post by Ginger on Jul 27, 2022 7:00:00 GMT -6
Mega is over one billion now.
Cash option or annual payments for 30 years?
I’ve always read that the annual payments end up being more by the end. How much does that end of being annually? Cash option…you all that money now that you can blow or invest. 30 years is probably too long if you’re my age but your estate would have it and you could have some long standing foundations set up.
For those of you not retired, would you quit right away? How many people do you tell before you disappear? Would you have loser family members crawling out of the woodwork for $$?
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Post by NOTTHOR on Jul 27, 2022 7:44:36 GMT -6
Let's just use round numbers and say the pot is $1.2 billion. If you take the annuity option, you will get the full $1.2 billion in 30 equal payments of $40 million each. The amount you will get if you take the immediate payout is completely dependent on the number they use for the discount rate in the net present value formula.
A person won a few years ago a few miles south of my house. Rumor is it was some guy who worked on the transmission manufacturing line at ZF in Simpsonville, SC. The state got such a windfall that they sent everyone who had filed a tax return the prior year a check for $50.
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Post by egadsto on Jul 27, 2022 13:44:08 GMT -6
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Post by LansingHawk on Jul 27, 2022 18:26:45 GMT -6
I'll let you know which option I take by the middle of next week.
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Post by socal on Jul 28, 2022 6:17:28 GMT -6
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Post by livingintheusa on Jul 28, 2022 12:38:05 GMT -6
What Some said for less
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Post by Ginger on Jul 30, 2022 7:16:14 GMT -6
Welp. There goes the new house. Some asshole in Illinois won the whole thing.
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