Anyone buying tickets for tomorrows draw? Jackpot is over 700 million. Something like 445 million for a lump sum payment. We have a pool at work going. 24 tickets. All of which will probably lose lol. Still looking at a payout of 10 million per person or so here, roughly after taxes.
Power ball
- Thread starter DHG1078
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Wife and I drove the Ecoboost to the state line on Sunday and bought tickets. Damn Alabama and their uptight morals....
U.M.
U.M.
Yea, probably will. Bought tickets for the 535m, so why not the 700m.
first time I ever bought powerball was for the one that was over a billion. Cant not play for the kind of coin. Ill probably play for the 700 mil.
I'll probably set $20 on fire for a few tickets.
I'll be in.
I'll buy a brand new boat when I win. Sorry guys it's my turn.
I'm getting a divorce when I win.
My wife didn't think we'd argue about money, I told her I'll be buying a $15 million McLaren F1 at auction somewhere. She agreed a divorce would be best in the event we won.
My wife didn't think we'd argue about money, I told her I'll be buying a $15 million McLaren F1 at auction somewhere. She agreed a divorce would be best in the event we won.
Couple questions I've always had about these big jackpots. If you have at least a year to claim, Can you relocate to a no tax state first? Truth is, I'd give most of it away to causes and projects I support anyway, so could you set up a charity to claim it and pay taxes only on what you pay yourself as administrator of the charity?
I cant imagine the rate of return on taking payments is worth much of anything, so other than lack of self control, why would you want to get payments over a lump sum?
I cant imagine the rate of return on taking payments is worth much of anything, so other than lack of self control, why would you want to get payments over a lump sum?
Probably no reason. Or the person just really wants the most money they can get. But, ive seen those shows where people won mega lotteries and blew all the money in a year then file for bankruptcy then wish they never won the lottery to begin with. So, I guess for them the payment option is better.
In all honesty, if I won the power ball I would have some pretty modest uses for it.
Pay off my house, buy myself and my wife new DD. Nothing overly extravagant, just something new. Invest the rest and have someone manage the investments. I would keep my collections to less than whatever it accrues in interest. I'd probably continue to work so as to not get too bored. Take a few vacations a year and enjoy life.
Eventually I would save up the interest to buy a new house in cash, but nothing over the top. Maybe out of state, but with land and with manageable property taxes.
Pay off my house, buy myself and my wife new DD. Nothing overly extravagant, just something new. Invest the rest and have someone manage the investments. I would keep my collections to less than whatever it accrues in interest. I'd probably continue to work so as to not get too bored. Take a few vacations a year and enjoy life.
Eventually I would save up the interest to buy a new house in cash, but nothing over the top. Maybe out of state, but with land and with manageable property taxes.
Missed the lump sum question. Over the course of 30 years you can get better returns on the lump sum and beat the payments.
Many winners go bankrupt because they buy a 500 million $ mansion and can't afford the property taxes, utility costs, etc.
Many winners go bankrupt because they buy a 500 million $ mansion and can't afford the property taxes, utility costs, etc.
I will buy $100 million in Dodge Challengers for American Patriots.
Lump sum or payments? Guess that would all depend on how old you are when you won it! If I won 700 million at say 30 years old or younger I'd probably opt for the payments. At 55 I want the lump sum... hell I might keel over and croak next week for all I know!
U.M.
U.M.
It's around $275M after the 38% taxes. Still a grip of cash for sure. I bought mine...
Quit lying.
I'd buy a weekend house in Belize, a ranch in Montana, a condo on the Emerald Coast, and a residence in DFW with a garage large enough to fit a Heritage FGT, CO terminator, 07 I am legend GT500, 85 LX 5.0 5spd, 93 white Lightning, 01 True blue Lightning, Superman 13/14 GT500, and the current bags of shit I already own. I'd keep it modest.
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