If you won the Mega Millions would you take the lump sum or the payout?

[Cat piss martini]

Lump some.
My kicking it is gonna shorten
my damn life for sure.

 

[Shadow King]

I stand corrected. Coulda swore I read years ago you couldn't. Still gotta pay a funky gift tax on it though.

I think the inheritance gets taxed either way.

 

[Umoja]

I’d take 40 mil a year.

What would you actually do differently having 40mil in the first year vs. 550mil.

After buying a house and a car or 2. You still have at least 35 mil left even if you bought the most expensive cars and a $3 million home.

Can't help but think the answer to this question is why a lot of lottery winners go broke.

If the excuse is making money, you'd have to go towards risky investments to outweigh the money guaranteed from getting the equivalent of 40 million a year.

If the intent is to live an extravagant life, it would have to be in excess of 40 million a year which would result in losing the money in 10 to 15 years.

40 mil would be enough to last a lifetime. I'd spend less than 1/100th of it a year. To get that much a year for the next 25?

 

[Eternally Jaded]

The most important aspect of your life is, can you claim it anonymously or not?

If you can, you can live well.

If you cannot, life just got extremely difficult.

Watched Molly's Game, a story about how a young girl setup her own high stakes poker game.

Eventually some mob guys try to strong arm their way into her game just because they could. Violently.

Evil follows money like rats do crumbs.

 

[Michael's Black Son]

The payout is 568 million or would you take 25 years at 40 million a clip

Yes.

Bring it all to me like Blaque feat. JC Chasez

 

[Cakebatter]

You take the annuity, and the state stops paying you because the they can't balance their budget. Yep it has happened.
Illinois can't pay lottery winners

 

[Geek Nasty]

Anybody on the Coli hitting those numbers is taking the lumps, son

 

[Mr swag]

The payout is 568 million or would you take 25 years at 40 million a clip

You will make more investing it

 

[badhat]

How is that better than receiving 40 million a year, adjusted for inflation?

Will the 500 million make generate 40 million a year?

Nobody's saying the 500 million is generating an additional 40 million annually. You have the lump sum, you don't need to generate 40 million on top of that, you just need to beat the rate the inflation adjusted payout.

And pretty much any index fund will do that for you.

 

[MR. SNIFLES]

DEPENDS ON HOW MUCH YOU TRUST YOURSELF.

LUMP SUM FOR 99% OF SITUATIONS.

ANNUITY IF YOU HAVE IMPULSE CONTROL PROBLEMS OR ARE PRONE TO DO STUPID THINGS.

 

[RennisDeynolds]

I Think it's bullshyt they short change you with the cash option

 

[mrfortune]

yearly and set up a family trust. when i die kids gets a chunk and rest is divided to last 10 generations. maybe maybe million a year down the line. would buy a couple compounds and revenue generating properties put in trust that they can never be sold.

 

[NotAnFBIagent]

I’d take 40 mil a year.

What would you actually do differently having 40mil in the first year vs. 550mil.

After buying a house and a car or 2. You still have at least 35 mil left even if you bought the most expensive cars and a $3 million home.

Time value of money
Yesterday's price is not today's price

 

[TheEgyptianConniption]

I think I'd take the yearly payment. Its the smart choice. More money in the long run obviously. Only thing that would worry me is the state claiming to be out of money and stop paying me after 8 years or something.

 

[Roid Jones]

Take a 25 year payout and get ran over by a truck next week brehs

GIVE ME ALL MY MONEY NOW