Author Topic: $258 million Powerball jackpot  (Read 2186 times)

Offline Raptor

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Re: $258 million Powerball jackpot
« Reply #30 on: April 29, 2010, 01:36:03 AM »
yup, the government rapes you less  :aok
or if you do a Future value analysis your money makes more money off interest by using the lump sum method over payments

Offline uptown

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Re: $258 million Powerball jackpot
« Reply #31 on: April 29, 2010, 06:44:52 AM »
Well, i try to win it but some redneck 29 year old from Missouri with two missing front teeth won it.  Sorry guys, i would offer to pay everybody a year worth of AH. 
I reckon me and ma can get us a cement pond and fancy eatin' table now
Lighten up Francis

Offline druski85

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Re: $258 million Powerball jackpot
« Reply #32 on: April 29, 2010, 09:01:15 AM »
Financially it is smarter to take the lump sum and put it in a Savings account to accrue interest, however most people want to go out and buy things they want.

Quite.  If you were to dump a measly 24 million on stuff you wanted and put the remaining 100 mil in an account, it would still accrue more value than taking the payments over a 30 year period.  (Even at relatively low interest rates)

Offline trax1

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Re: $258 million Powerball jackpot
« Reply #33 on: April 29, 2010, 02:32:04 PM »
Most people take the lump sum, not many go for the payments.
"I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me." - Hunter S. Thompson

Offline 68ZooM

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Re: $258 million Powerball jackpot
« Reply #34 on: April 29, 2010, 02:45:16 PM »
would be smart to take the one lump sum, in case of Death your family will have access to it, if you take the payments i don't know if you could will them to a family member.
UrSelf...Pigs On The Wing...Retired

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