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Started By
Message
Annuity or Lump? Updated for 1.6 Billion
Posted on 10/19/18 at 8:17 am
Posted on 10/19/18 at 8:17 am
Annuity-$1,600,000,000
Lump-$904,900,000
Federal: ~ 37%
Louisiana: 5% State Tax
Annuity for 30 years
Your average net per year: ~$30,933,333
Lump
Your net payout: ~$524,842,000
Lump-$904,900,000
Federal: ~ 37%
Louisiana: 5% State Tax
Annuity for 30 years
Your average net per year: ~$30,933,333
Lump
Your net payout: ~$524,842,000
This post was edited on 10/20/18 at 9:26 am
37
Posted on 10/19/18 at 8:18 am to LSU6262
Lump sum and invest it myself
Posted on 10/19/18 at 8:18 am to LSU6262
Lump
Posted on 10/19/18 at 8:18 am to LSU6262
Lump also frick the government for taking 600 million of it
Posted on 10/19/18 at 8:20 am to LSU6262
Lump sum.
I’m getting old.
30 years would be a stretch for me.
I’m getting old.
30 years would be a stretch for me.
Posted on 10/19/18 at 8:20 am to dawgfan24348
Lump. Annuity=Assassination
Posted on 10/19/18 at 8:20 am to LSU6262
LUMP
Posted on 10/19/18 at 8:21 am to LSU6262
Lump without question
Posted on 10/19/18 at 8:21 am to Buck Dancer
quote:
Lump sum and invest it myself
Correct.
Posted on 10/19/18 at 8:22 am to LSU6262
Lump.
Posted on 10/19/18 at 8:28 am to LSU6262
If you lived in Louisiana and won would it not be better to pack your shite up and move to say Tennessee before you claimed the check? Tennessee has no income tax.
Posted on 10/19/18 at 8:28 am to White Roach
Lump is the ONLY correct answer.
Posted on 10/19/18 at 8:31 am to LSU6262
quote:
Louisiana: Five percent state tax
Annuity: - $1,616,667 per year (avg. net pay per year: $22,956,666; after 30 payments: $688,699,980)
Lump sum: - $27,430,000 (net payout: $389,506,000)
With this much money I guess it really doesn't matter
Am i missing something? How did your math get down to 27,430,000
Posted on 10/19/18 at 8:32 am to LSU6262
Everyone that said they'd take the lump sum the other day didn't have the wherewithal to actually generate better returns than the annuity did.
Posted on 10/19/18 at 8:32 am to LSU6262
Lump sum simply for the matter that if you die they could cease the payments. At least make sure the entity taking the annuity is going to be around for the life of the payout.
Posted on 10/19/18 at 8:34 am to GetmorewithLes
quote:
Lump sum simply for the matter that if you die they could cease the payments. At least make sure the entity taking the annuity is going to be around for the life of the payout.
I'm about 99% certain it's a 30-year period certain annuity payout.
Posted on 10/19/18 at 8:35 am to LSU6262
I used to think that if you were a young person (30's or less) take the annuity and older take the lump. Now though, I do not have confidence that the system will remain solvent long-term for any number of possible reasons so take the lump regardless.
Posted on 10/19/18 at 8:36 am to GetmorewithLes
quote:
Lump sum simply for the matter that if you die they could cease the payments. At least make sure the entity taking the annuity is going to be around for the life of the payout.
False
quote:
winner dies before collecting?
If a winner dies before receiving all annual payments, Mega Millions will continue to pay the annual payments, as scheduled, to the winner's designated beneficiary or to the winner's estate.
faqs
Posted on 10/19/18 at 8:37 am to LSU6262
Lump.
Easiest ? I have ever answered
Easiest ? I have ever answered
Posted on 10/19/18 at 8:38 am to highcotton2
quote:
If you lived in Louisiana and won would it not be better to pack your shite up and move to say Tennessee before you claimed the check? Tennessee has no income tax.
State tax depends on where you bought the ticket.
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