Lottery Fever!

[timesup]

Buy up all the ups stock and have a majority vote.hahaha

 

[scooby0048]

Just think I could sit at home and make fun of you asshats all day long.

Sounds like nothing would change with you then!

it's more trouble than it's worth. ( talking from an experience ) not on a mega million scale but we had a windfall about 15 years ago and it was nothing but a nightmare.
relatives, phone, IRS, phone calls, media , strangers, charities , and more. we ended the problems by giving it all up. it's a very long story.
but the gist of it is that unearned wealth ends up being a curse.

Is that like the time UPS supposedly directly deposited millions in your account and it was all over the news or did you get a big stripper tip?

The lottery is the trailer park retirement plan.

I just want the opportunity to prove that money can't make me happy.

 

[pkgdriver]

No

nope. Lump sum will be about 400 million I think then you'll end up with about a third of that depending on where you live.

Powerball Jackpot Annuity schedules and state tax charts.
https://www.usamega.com/powerball-jackpot.asp

 

[Brownslave688]

Powerball Jackpot Annuity schedules and state tax charts.
https://www.usamega.com/powerball-jackpot.asp

Interesting. I'll have to look at the article I was reading. I thought a third of the lump sum was a very low amount also.

 

[Brownslave688]

So just for fun did some math. At a 300 million dollar payout and current stock prices and dividend. You could UPS up for the tune of almost 9.5 million dollars a year. Lol


And that's how the rich get richer.

 

[rod]

 

[upschuck]

I'd still work if I won.

 

[Brownslave688]

I'd still work if I won.

I would for at least a year.


At least as much I work now I would be ok with. lol

 

[brownmonster]

I'd still work if I won.

I might finish out the week. Maybe.

 

[BrownBrokeDown]

$675M projected should net at least $400M after taxes, which works out to between $6-7M per driver.

The projected 700 million is only if you take the annuity monthly payout. If you take the lump sum its about half of that before taxes.

 

[upschuck]

The projected 700 million is only if you take the annuity monthly payout. If you take the lump sum its about half of that before taxes.

Wonder if JG Wentworth would be a better deal, I doubt it.

 

[Brownslave688]

The projected 700 million is only if you take the annuity monthly payout. If you take the lump sum its about half of that before taxes.

A little over 60% I think.

 

[BrownBrokeDown]

Wonder if JG Wentworth would be a better deal, I doubt it.

Yeah i bet they make loads off of their deals.

 

[BrownBrokeDown]

A little over 60% I think.

Regardless, i would take the lump sum in a heartbeat. Screw a 30 year annuity. I would invest it myself.

 

[Brownslave688]

Regardless, i would take the lump sum in a heartbeat. Screw a 30 year annuity. I would invest it myself.

I used to think man I would want the full payout but once you add in all of the risk factors it's probably smarter to take the lump sum.

 

[upschuck]

A little over 60% I think.

Usually you get about 33% cash payout. $700 mil has a $428.4 mil cash payout

 

[Brownslave688]

Usually you get about 33% cash payout. $700 mil has a $428.4 mil cash payout

428 million is 61% of 700 million.

 

[upschuck]

428 million is 61% of 700 million.

I was including taxes too.

 

[upschuck]

428 million is 61% of 700 million.

The 428 is from the Powerball website.

 

[Brownslave688]

I was including taxes too.

Ok you mean in your pocket you'll get about a third of the projected jackpot.