$522 MM
IF
you take the lump sum. At this level of reward, one is always more prudent to agree to the state-driven annuity.
Depends on if a future Congress hikes the current top rate.
Yep, If you can’t live on $50 million a year before taxes, you don’t deserve the money.
You can't guarantee that the state lottery commission or the insurance company that issues the annuity will ever fulfill their promise. Only a fool would trust a state entity or an insurance company on a promised future payment that large.
Kinda depends on how old you are. And I don’t think the annuity is part of your estate. It dies with you.
I’d take the lump sum. $522M I can live with. LOL
Taking the annuity is the equivalent of a mere 2% return. You can invest better that.
Thanks. No. One would be more prudent to understand there are uncertain things. I can invest that same $522 M and have more in pocket after 29 years, than I'd get having someone else pay me 30 equal payments. Not only that, but given the way things are going these days, it's a good possibility those payments may stop quite a bit sooner than the 29-year payout.
My grandmother always tilde....a birdin the hands worth 2 in the bush
Hah sorry. I tried typing that with one hand. Try it again.
My grandma always told me.....a bird in the hand is worth 2 in the bush.