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Message
re: Friday Megamillon Winner
Posted on 7/16/22 at 12:53 am to SquatchDawg
Posted on 7/16/22 at 12:53 am to SquatchDawg
I know taking the lump sum is always the way to go. But, does there become a point where the jackpot is so large that the 20 year payout makes sense? At 700 million your getting 35/year and you collect the entire sum. Is there a tipping point or lump sum no matter what?
7
Posted on 7/16/22 at 1:18 am to SoFla Tideroller
Lump sum and hide most of it in 55 gallon drums underground with armed guards watching it.
But for real, this economy is fricked and about to crumble. You absolutely take the money while it's there. Normally you wouldn't try to liquidate it all and literally bury it, but it's probably worth it.
But for real, this economy is fricked and about to crumble. You absolutely take the money while it's there. Normally you wouldn't try to liquidate it all and literally bury it, but it's probably worth it.
Posted on 7/16/22 at 4:22 am to SoFla Tideroller
quote:
I know taking the lump sum is always the way to go. But, does there become a point where the jackpot is so large that the 20 year payout makes sense? At 700 million your getting 35/year and you collect the entire sum. Is there a tipping point or lump sum no matter what?
Even if the numbers worked, you’d have to factor in default risk.
Posted on 7/16/22 at 8:08 am to SoFla Tideroller
quote:Well the only reason lump sum is the way to go is because of default risk.
I know taking the lump sum is always the way to go. But, does there become a point where the jackpot is so large that the 20 year payout makes sense? At 700 million your getting 35/year and you collect the entire sum. Is there a tipping point or lump sum no matter what?
The math itself, without factoring that, says you need to take the payments.
But obviously, frick that
Posted on 7/16/22 at 8:16 am to SoFla Tideroller
quote:For most of the undisciplined slobs who win, is it? Why not take the payout that guarantees you will have money coming in for 20 years?
I know taking the lump sum is always the way to go.
Posted on 7/16/22 at 10:27 am to SoFla Tideroller
quote:
does there become a point where the jackpot is so large that the 20 year payout makes sense?
No
Posted on 7/20/22 at 2:43 am to SoFla Tideroller
Could have your very own Bobby Bonilla day for every month for 35 years…could be worse.
Posted on 7/21/22 at 5:38 pm to SoFla Tideroller
What are the chances the financial world as we know it will still exist in 20 years??
Take the cash!
Take the cash!
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