600 Million Powerball Jackpot

[Grayeagle]

I am a lump sum type-of-guy

Don't matter what the amount is .. wife and I get a ticket once a week.
Figure to keep about 4 mil spread out in several banks and a few more invested to generate income with.
First week will be pretty busy
.. designing a decent home with a bit more than just code minimums laid out the way we want it
on a peice of acreage for stuff like a grass field, hangar, workshop/garage.
Garage needs space for 5-6 cars. Gotta put together a '68 Hemi Cuda first.
Mebbe a Pietenpohl Camper second ..or some kinda sunday flyer to putt around in.
Useda be I would have gone for a P-51 ...that boat has sailed.
Runnin out of getup and go to getup and go
House just needs to be 3 bed, 2 bath ..with a video-computer room

Rest will go to helpin out family and charities.

-GE aka Frank

[rpm]

How would I spend it? The first $300,000,000 on women and whiskey. I'd just blow the rest.

[flight17]

Always take the lump sum, that's money you can be making interest off of.

Actually, both work the same.

Taxes are the same whether you take the lump sum or annuity.

So for simplicity, let's just say you get 300Mil after taxes.

Now that 300 million will have an interest rate associated with it that will grow it back to 600million when you take your last payment for annuity.

If the interest rate is higher than what you could get investing, then the annuity is the better option. However, if they are using a lower interest rate, then the lump sum is better.

[Lab Rat 3947]

Take in a lump.
Invest it myself.
Help a few friends and family members.
Build a house to suit me.
Have a brand new P38L built. I would be tempted to have it made with the Hamilton propellers, which would make it K model. Better than the L but with sleek looks of the G.
Live happily ever after.

Now, while money may not be able to buy me happiness; it will, however, allow me be to be miserable comfortably.

LtngRydr   

P.S. Seriously, with that kind of jackpot I would have my own P38.

[helbent]

Why build a 38?  there are 4 more in the ice.  I would pull at least 1 more out of there.

[Lab Rat 3947]

If I had a new one built and then crashed in it, it would not be a loss of a real original P38.

It would be great to try and recover the rest of the lost sqaudron, though. I totally agree on that part.

As for making it a K model, read about what the K was capable of. Its a true pity that the War Dept. didn't let Lockheed shut down for the 2 - 3 weeks necessary to switch over.
But there was a war on and we needed planes.


LtngRydr

[DubiousKB]

I'ma anger some americans.... Canadians don't pay taxes on lottery winnings... 

 I would buy/build my own real air to air fighting arena. Planes would be outfitted with lazers and collectors to indicate "kills", each plane would have pyrotechnics to release smoke upon a "kill".   Also, I'd buld/buy WWii tanks and outfit them with non-lethal weaponry for people to actually drive/operate.

...Although if I, as a Canuck, won that big of a lottery in the states, I'd be lucky to make it out of the country alive! They 'd be chasing me to the border yelling, SKIN THAT BEAVER!

 

[Bino]

"Give your children enough money to do something, but not enough to do nothing."  I've seen far too many aimless trust-fund brats.

Oh yes, and make mine a lump sum, please. I don't trust the lottery admins any farther than I can toss a piano.

[rpm]

I'ma anger some americans.... Canadians don't pay taxes on lottery winnings... 

When the Canadian Lottery reaches $600,000,000 let us know...

[guncrasher]

canadian lottery winners get the ultimate price.  a move to the united states  .


semp

[DubiousKB]

When the Canadian Lottery reaches $600,000,000 let us know...

.... Wouldn't help Americans though, you'd have to pay taxes on your return. (just stay, it's better with maple syrup anyways)

...Semp, honestly, REALLY!?  I can't handle cheep beer, smokes, and women! I'd lose me mind!

 

[guncrasher]

.... Wouldn't help Americans though, you'd have to pay taxes on your return. (just stay, it's better with maple syrup anyways)

...Semp, honestly, REALLY!?  I can't handle cheep beer, smokes, and women! I'd lose me mind!

 

you are on on the do not allow list.  for what I understand you are a little dubious  .


semp

[DubiousKB]

HAHA  Just listen to the background music, that guy is evil!