Quote:
Originally Posted by Sharky
Why someone would give up $70M just to have it all now I don't understand. The guy getting it annually will get be getting $5.3M/yr for 26yrs.
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Lots of people are just greedy. I would take the annuity. If I die I can still pass it on to my child. Taking all the money at once leaves open the possibility of losing it all then having nothing. At least I know with an annuity that if I fuck up with my money next year I get another check. $5.3 mil would be about $3.2 mil after taxes. Honestly I could easily live off less than 3% of that. So I'd have 97% to invest.