To: commish
Ralph and his wife, Mary, elected to take a lump-sum payment of $124.7 million, less taxes. They could have chosen to spread $208 million in payments over 26 years.Smart move.
How sad for his wife and family ... and a reminder that any one of us could be gone tomorrow.
4 posted on
12/28/2006 8:07:13 AM PST by
Tax-chick
("Everything is either willed or permitted by God, and nothing can hurt me." Bl. Charles de Foucauld)
To: Tax-chick
Gotta disagree wiuth you, here, Tax-chick..MOST people would be far better off if they chose the annuity option..
23 posted on
12/28/2006 8:15:31 AM PST by
ken5050
To: Tax-chick
I rarely play the lottery, but always found the "26 years of installments" to be kinda silly, esp. since with inflation, the payments 26 years from now would be a comparative pittance to what you end up with, even if you spend a bunch up front and invest the rest.
40 posted on
12/28/2006 8:20:02 AM PST by
RockinRight
(To compare Congress to drunken sailors is an insult to drunken sailors. - Ronald W. Reagan)
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