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Old 05-06-2010, 06:10 AM  
rowan
Too lazy to set a custom title
 
Join Date: Mar 2002
Location: Australia
Posts: 17,393
Anyone know any stats on whether winners typically chose a (reduced) lump sum, or yearly payments totalling the full amount? I bet the majority would choose the former.

I would choose the 25 year option, go crazy on the first year's payment (have fun blowing $10m), then in the second start seriously investing... after a year or two of further payments you could comfortably live off the interest alone.

Are yearly payments guaranteed? What happens if the company folds?
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