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Most people who win the lottery have no money sense. They've often never dealt with large amounts of money and have no education on managing it.
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congrats to them :)
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i would take the money up front because you never know how many days or years you have ahead of you (but i wouldnt spend it all, that's crazy). more importantly, i would take it up front because here in Cali, our government has already borrowed against it's entire share and then some of the compiled winnings. they are in the negative for payback as of right now. the money may not be there to payout over the 25 years (and they wont give a fuck).
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I read an article a few years back of a family on the verge of bankruptcy a few years after winning a dream home. The upkeep on the property, utilities, etc. was more than they could afford. |
Cool people, I am sure they will spend there money smart invest in Compton and watts
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they are very lucky !
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They invest the money and if they lose, you lose. |
50% of that 133M goes to taxes. They are left with $66M.
Still, $66M is good for the rest of their entire lives. |
It won't take them very long to loose everything. They are stupid. You don't go on TV as a lottery winner.
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I would take the payout, their is no fucking way i would trust ANYONE with that amount of cash but myself. hell i would barely trust that amount sitting in a savings account. but i would spread it out under multiple accounts just incase a certain bank goes by by or the govt comes in and tries to lock up the money with some future law.
25 years is way to long for to much shit to go wrong. i dont trust people with $100 let alone 122million. fuck that. |
How nice for them.
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I could easily spend 133 million dollars in 1 year.
I would probably let my parents deal with that kind of money. They're way better at investing than I am. I would take the lump sum though. Not that I couldn't live off of 6+ million a year but if I wanted to be stupid with it I would want to be able to be stupid with it. First thing I would do is pay to have my name legally changed so no one I knew could get ahold of me unless I wanted them to. Fuck people with their hands out. |
266$mil !!! It`s shit loads of money. If he is a good money player he could do so many things
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£67 million jackpot in the Euro lottery tomorrow. Now that would be nice :)
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i just dont trust the govt, they are shadddddddddddy ass bastards, its like they let the natives win in canada so they can funnel it back through them via banks LOLZ |
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According to the PowerBall/Mega Millions Calculator they should get approx. $103M assuming a 28% tax Lump Sum : (approx) $143,766,669.00 / $103,512,002.00 (after 28% tax) Per Year ( 26 yearly payouts ) : (approx) $10,230,769.00 / $7,366,154.00 (after 28% tax) |
its a lot of money....maybe they will have time to go to the gym now
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Take the money and fucking run.
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