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Message
re: Powerball at 1.40 Billion after no Winner
Posted on 10/5/23 at 8:58 am to pioneerbasketball
Posted on 10/5/23 at 8:58 am to pioneerbasketball
quote:
CASH VALUE
$643.7 Million
Just remember that's what our government sends Ukraine every two days.
Posted on 10/5/23 at 9:32 am to pioneerbasketball
How would you take care of family (parents and siblings)? One time pay out or put them on a salary?
Posted on 10/5/23 at 9:54 am to danilo
One time and tell them, in a tactful manner, its the last time.
Posted on 10/5/23 at 9:57 am to jeffsdad
I would probably give the winning ticket to my six kids and let them split it up with the understanding they pay for our future trips etc. I figure if I cash it, it would be taxed then and then when I give money to them, it would be taxed again. Thinking I would skip one of those taxings.
Posted on 10/5/23 at 10:21 am to Akit1
quote:
Or, lump sum: $600+ million
How many winners are broke in 10 years?
None in this case. After taxes, you're looking at $400 million. No one is broke in 10 years after winning $400 million. In fact, no one is broke in their lifetime after winning $400 million.
Posted on 10/5/23 at 10:25 am to pioneerbasketball
I would choose to take the cash but I would have to give my ticket to someone I trusted with my life to claim the prize.
The state has me on the hook for child support payments for a few more years and they (the state & the baby mama) won’t be getting chit from me.
My kid will prosper though.
The state has me on the hook for child support payments for a few more years and they (the state & the baby mama) won’t be getting chit from me.
My kid will prosper though.
This post was edited on 10/5/23 at 10:27 am
Posted on 10/5/23 at 10:28 am to Akit1
quote:
Annuity is something like $30 million per year for 30 years = $900 mill
Or, lump sum: $600+ million
How many winners are broke in 10 years? Annuity can’t be too bad of an option.
I guess I just don't have any faith in the system to rely on them keeping their obligations to make the payments for x amount of years.
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