Current Events > If you won that big powerball jackpot do you think you would ever want for more

(+) Yeah! (+)

...money, again for the rest of your life? Or do you think that you can never have too much money? Have heard others say that.

i don't need that big jackpot

just let me win like 100 mil

My Gundam elevator could always be taller...

I would never need any more money than that. Id give money to everybody I know, and then spend the rest of my life wandering the earth helping people in need.

Shotgunnova posted...

My Gundam elevator could always be taller...

is that like anime or something? not familiar

A surprising number of people who win jackpots that large end up blowing it all and spiraling into depression later lol.

It I won that much my first plan of action would be to call an attorney and/or a financial advisor. I would also consider the annuity payment instead of the lump sum. Unless I won it at an older age then I would go with a lump sum but in your 30s there's virtually no reason not to opt for the installments, unless you have some horrible illness and know you only have a few years to live or something like that

Phantom36 posted...

A surprising number of people who win jackpots that large end up blowing it all and spiraling into depression later lol.

It I won that much my first plan of action would be to call an attorney and/or a financial advisor. I would also consider the annuity payment instead of the lump sum. Unless I won it at an older age then I would go with a lump sum but in your 30s there's virtually no reason not to opt for the installments, unless you have some horrible illness and know you only have a few years to live or something like that

At 1.5 billion most financial advisors would say take the lump sum because you could live off the interest alone even after all the taxes taken out

Phantom36 posted...

A surprising number of people who win jackpots that large end up blowing it all and spiraling into depression later lol.

It I won that much my first plan of action would be to call an attorney and/or a financial advisor. I would also consider the annuity payment instead of the lump sum. Unless I won it at an older age then I would go with a lump sum but in your 30s there's virtually no reason not to opt for the installments, unless you have some horrible illness and know you only have a few years to live or something like that

No, i think you're wrong. Almost all financial people tell winners of huge jackpots to take the lump sum. Even if they're in their 20s. Cause, iirc you can just invest that huge lump sum and you make more than with the annuity

Shit no, I'd get rid of most of it. I need like 50 to 100 million dollars to set myself, my extended family, and friends up for life. The rest would go to charities or foundations.

Let's see... a new house (in a HOA so outside of buying the attached unit in our duplex I can't really expand what we have otherwise I'd just do that), replace my PC, stay up to date on game consoles, and buy every Bad Dragon i could ever want. Pay off the debt, and otherwise just... live my life? I'd prolly keep working but only like, a shift a week "for something to do"

Yeah I mean, I can definitely see why a financial expert would recommend the lump sum since you put it that way and I suppose that's technically correct, but I think I'd personally still feel more comfortable with continuous yearly income for 30 years

plus you could die in a random accident and then you dont get the rest of the money. lump sum is 100% way to go.

Phantom36 posted...

Yeah I mean, I can definitely see why a financial expert would recommend the lump sum since you put it that way and I suppose that's technically correct, but I think I'd personally still feel more comfortable with continuous yearly income for 30 years

you can set up a trust to do this for yourself if u get the lump sum. why trust the state? trust your lawyers.

Sort of. I would invest most of it.

Robot2600 posted...

you can set up a trust to do this for yourself brainiac, if u get the lump sum

That brainiac was one of the most dismissive things I have ever read

it wasn't dismissive it was mean

Robot2600 posted...

it wasn't dismissive it was mean

It was the equivalent of somebody saying newsflash bozo

that's still not what dismissive means

Robot2600 posted...

that's still not what dismissive means

Newsflash bozo, youre taking this way too seriously

okay i am honestly relieved *retracts spikes*

Honestly, I'd take 20 million. Split 50 million between friends and family. Then donate the rest.

Robot2600 posted...

why trust the state? trust your lawyers.

OK that's a persuasive point...

The_X_Dawg posted...

Honestly, I'd take 20 million. Split 50 million between friends and family. Then donate the rest.

Donate to who?

MICHALECOLE posted...

Donate to who?

The Monterey Bay Aquarium and SF Zoo.

MICHALECOLE posted...

Donate to who?

I'd go the MacKenzie Scott route and actually hire a team to investigate and interview various non-profits across the globe. They do their due-dilligence. I'd also give a good amount to the Episcopalian Church I go to because they preach acceptance and support the LGBTQ community.

id build atheist taoist temples in major cities.

ya know after just going through a well past due body shave, i'd prolly get laser hair removal too.

I'd probably be set for life with $10m tbh.

no Id just chill

No, that's actually enough to max out a Diablo Immortal character

Trumble posted...

I'd probably be set for life with $10m tbh.

Same. Hell, I could make it work for $2m.

bump

I would never need more with only one million

thx1138 posted...

I would never need more with only one million

Bullshit lol