putzbutt
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site breaks down how much you'd get net out of 540 million lottery win for each state
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for both lump sum and annuity
http://www.usamega.com/mega-millions-jackpot.asp
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Gaevren
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Nice!
Annuity is definitely the way to go, lol.
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FunTak
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I'll take $13.7M for 26 years please.
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Itab
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FunTak posted:
I'll take $13.7M for 26 years please.
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I would take the 292M lump. I would hate to sit around and count on them having money in the bank for the next 20 years to pay me. I would probably dump about half of it into real estate so it would be sitting out there in the open and as safe as it could possibly be. It would probably grow too but I would really only care about it paying for its own taxes.
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Caledric
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Gaevren posted:
Nice!
Annuity is definitely the way to go, lol.
I'll just take PAs straight up 300m to go 
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HeartView
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Can I get mine in pennies?
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Reapist
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HeartView posted:
Can I get mine in pennies?
Sure, but you are oonly allowed to keep what you can carry away in two 5 gallon buckets. I get the rest in $100s.
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pkhere: Jebus sometimes you make my arse tired.
Referring to illegal aliens as 'immigrants' is the same as referring to shoplifters as 'shoppers' - Dorvinion
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Cao_Ren
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I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.
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Fozzie_Bear
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Massachusetts: 5% State Tax - $1,038,462
- $19,500,000
Your net per year: $14,538,461 Your net payout: $273,000,000
After 26 payments: $377,999,986
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HeartView
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Cao_Ren posted:
I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.
You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?
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JD_HOGG
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HeartView posted:
Can I get mine in pennies?
LOL YES BUT U WILL NOT BE ABLE TO USE THEM SOON!!!!
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Cao_Ren
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HeartView posted:
Cao_Ren posted:
I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.
You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?
Which is better?
14.8 million a year for 26 years. Will grow with investments
vs.
79 million +
10 million a year forever. Will grow with investments.
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Jesus.Christ..
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Being Jesus I don't buy lottery tickets, but I do know a guy who's never bought tickets before and decided to drop $20 on them yesterday just for grins. 
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JD_HOGG
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HeartView posted:
Cao_Ren posted:
I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.
You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?
Dividends tend to grow over time. That fixed payment won't.
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Fozzie_Bear
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I'd take a lump sum simply because I doubt I'll be alive the whole 20+ years
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The Oatmeal Butterscotch paired with a Snickerdoodle
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Then after an Oatmeal Cranberry and Double Chocolate,
it made my new vagina spontaneously sing the Trolololo Song in an elevator.
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Surge_MT
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site breaks down how much you'd get net out of 540 million lottery win for each state
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JD_HOGG posted:
HeartView posted:
Cao_Ren posted:
I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.
You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?
Dividends tend to grow over time. That fixed payment won't.
They're also not going to adjust future annuity payments for inflation.
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Nestor_II
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Lump sum it for me, i can grow 200 million of that a conservative 5% a year and end up with 400 million in 20 years, on the high side 1 billion +, so screw that annuity.
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sliyurs
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What if the lottery system isn't around for 20+ years? Where do you get the money from then?
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Former_Camilla
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Lump sum for me because as a Canuckistanian, I can claim the taxes and get a portion back!
Besides, how the hell would I know the difference in my lifestyle if I was making $15M/year or had $275M + whatever I make on interest/investments.
Don't think I'd be like "OH CRAP! I CAN'T AFFORD THIS TODAY! I'M ON A BUDGET!"
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Fozzie_Bear
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maybe if you are talking about buying some retardedly expensive painting or something
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Ungabhunga
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Lump sum for me please.
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HeartView
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JD_HOGG posted:
HeartView posted:
Cao_Ren posted:
I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.
You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?
Dividends tend to grow over time. That fixed payment won't.
My point is that you would be investing the payments just like you did the lump sum. After 26 years, you'd essentially end up with $100 million more in "interest" by not choosing the lump sum. You'd get that $100 million bonus even if your investments were doing poorly over time.
I look at it this way. I would not use the entire lump sum amount in the first year, I'd only use some of it. If I only intend to use a portion that is less than the yearly payout then then the yearly payout gives me one distinct advantage. I get 25 more payments even if I screw up badly the first year. Screwing up badly is VERY likely for someone not used to handling that kind of money (which would be everyone on ACF).
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Cao_Ren
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HeartView posted:
JD_HOGG posted:
HeartView posted:
You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?
Dividends tend to grow over time. That fixed payment won't.
My point is that you would be investing the payments just like you did the lump sum. After 26 years, you'd essentially end up with $100 million more in "interest" by not choosing the lump sum. You'd get that $100 million bonus even if your investments were doing poorly over time.
I look at it this way. I would not use the entire lump sum amount in the first year, I'd only use some of it. If I only intend to use a portion that is less than the yearly payout then then the yearly payout gives me one distinct advantage. I get 25 more payments even if I screw up badly the first year. Screwing up badly is VERY likely for someone not used to handling that kind of money (which would be everyone on ACF).
I know how to invest. With the lump sum if I invest 200 million, I get 79 million left to play with and give to family and charity.
Now, onto investing 200 million versus investing 15 million per year.
After one year, at 5 percent (and I'd likely pull closer to 10%), I'd have 210 million. That's an extra 10 million.
On the other hand, I'd only have 15.75 million. And, if I invest all of it, I have no play money.
Now for the later years. Let's forget my play money. We're only talking investments now. Calculations are (lump * 1.05) vs (total annuity * 1.05 + 15 mill)
in millions:
year 2: 210 vs 30.75
year 3: 220.05 vs 47.29
year 4: 231.05 vs 64.65
year 5: 242.6 vs 82.88
year 6: 254.73 vs 102.02
year 7: 267.47 vs 122.12
year 8: 280.84 vs 143.23
year 9: 294.88 vs 165.39
year 10: 309.62 vs 188.66
year 11: 325.10 vs 213.09
year 12: 341.36 vs 238.74
year 13: 358.43 vs 265.68
year 14: 376.35 vs 293.96
year 15: 395.17 vs 323.66
year 16: 414.93 vs 354.84
year 17: 435.68 vs 387.58
year 18: 457.46 vs 421.96
year 19: 480.33 vs 458.06
year 20: 504.35 vs 495.96
year 21: 529.57 vs 535.76
So, it would take 21 years for the annuity to beat the lump sum at 5%. However, in this scenario, the lump sum person got 79 million to play with up front. The annuity person didn't get anything. This would look a lot different if the annuity was reduced for play money.
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JD_HOGG
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HeartView posted:
JD_HOGG posted:
HeartView posted:
[quote=Cao_Ren]I'd take the bulk sum. I could invest 200 million and easily make 10 million a year in dividends and interest.
You'd be starting out over $100 million behind from the payment method. Are you going to make that back over 26 years considering you could still invest your yearly payments and get the same interest/dividends?
Dividends tend to grow over time. That fixed payment won't.
My point is that you would be investing the payments just like you did the lump sum. After 26 years, you'd essentially end up with $100 million more in "interest" by not choosing the lump sum. You'd get that $100 million bonus even if your investments were doing poorly over time.
I look at it this way. I would not use the entire lump sum amount in the first year, I'd only use some of it. If I only intend to use a portion that is less than the yearly payout then then the yearly payout gives me one distinct advantage. I get 25 more payments even if I screw up badly the first year. Screwing up badly is VERY likely for someone not used to handling that kind of money (which would be everyone on ACF).[/quote]
What do u mean? I have vaults full of money. I'm a fat cat.
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Chevya
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Sounds like HV is going to go put 30 billion pennies (give or take a few) on the railroad tracks if he wins.
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winga
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Fozzie_Bear posted:
I'd take a lump sum simply because I doubt I'll be alive the whole 20+ years
This.
You never know...
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HeartView
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Chevya posted:
Sounds like HV is going to go put 30 billion pennies (give or take a few) on the railroad tracks if he wins.
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HeartView
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Cao_Ren posted:
year 21: 529.57 vs 535.76
So, it would take 21 years for the annuity to beat the lump sum at 5%. However, in this scenario, the lump sum person got 79 million to play with up front. The annuity person didn't get anything. This would look a lot different if the annuity was reduced for play money.
The yearly payouts continue to 26 years.
It only matters if you plan to use more than what the yearly payouts would be, if you anticipate spending more in the first few years then the lump sum is the way to go, otherwise go with the payments. This is especially true if you are young enough to survive the 26 years of payments.
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-Abysmal-
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lump sum here in MA, kidnap my kid from his mother and move to some island and not tell a soul!!
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Gaevren
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At this point I think I would just take the freaking lump sum lol.
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tantallous
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-Abysmal- posted:
lump sum here in MA, kidnap my kid from his mother and move to some island and not tell a soul!!
so uh.. hows that not telling anyone working out for ya? 
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Sith_Mauler
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I want cash now, just because of the nature of interest.
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putzbutt
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i'd take the annuity because of the nature of me
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Cao_Ren
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HeartView posted:
Cao_Ren posted:
year 21: 529.57 vs 535.76
So, it would take 21 years for the annuity to beat the lump sum at 5%. However, in this scenario, the lump sum person got 79 million to play with up front. The annuity person didn't get anything. This would look a lot different if the annuity was reduced for play money.
The yearly payouts continue to 26 years.
It only matters if you plan to use more than what the yearly payouts would be, if you anticipate spending more in the first few years then the lump sum is the way to go, otherwise go with the payments. This is especially true if you are young enough to survive the 26 years of payments.
You're missing the point. Yes, I know there are 26 payments. I'm saying it would take 21 payments for the annuity to overtake the lump sum investment if you never took a dime out of it. But if you never take a dime out of it, what's the point? The lump some investor got 79 million to spend on top of his investment.
And if you bump up the percentage to 7%, the annuity investment could never overtake the lump sum investment.
Here, play with this javascript in your scratchpad:
function interest()
{
var years = 27;
var lumpAmount = 200;
var annuityAmount = 15;
var interest = 1.07;
for (var x = 0; x < years; x++)
{
lumpAmount = lumpAmount * interest;
annuityAmount = annuityAmount * interest + 15;
}
alert( "lump: " + lumpAmount + "; annuity: " + annuityAmount);
}
interest();
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ryu_masamune
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As long as I'm dreaming, I'd like a building constructed at Cornell named after me.
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HeartView
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I'm not missing the point. Most people couldn't handle suddenly having $10 million let alone $500 million. Personally, after the first $5 million I'd have to get creative on how to spend it or save it. The thought of piling up money just to make more money does not appeal to me at all. In 30 years are you really going to care if your fortunes are at $500 million or $600 million? Will it really matter?
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Cao_Ren
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Also, if comparing apples to apples, investing everything either way (the full 279 million vs the 15 million annuity), at 5% and 26 years:
lump: 1041.63 million
annuity: 876.04 million
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HeartView
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Cao_Ren posted:
Also, if comparing apples to apples, investing everything either way (the full 279 million vs the 15 million annuity), at 5% and 26 years:
lump: 1041.63 million
annuity: 876.04 million
But the vast majority of people would not stop at spending the $79 million you would choose to spend. Most would finish that off and go back for more. If you are capable of that level of self control then great for you. But history has proven over and over again that the vast majority of people that come into sudden wealth do not know how to handle it and lose it quickly.
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Cao_Ren
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HeartView posted:
I'm not missing the point. Most people couldn't handle suddenly having $10 million let alone $500 million. Personally, after the first $5 million I'd have to get creative on how to spend it or save it. The thought of piling up money just to make more money does not appeal to me at all. In 30 years are you really going to care if your fortunes are at $500 million or $600 million? Will it really matter?
Your original argument was about a concern of losing $100 million. Now you're recanting?
HeartView posted:
You'd
be starting out over $100 million behind from the payment method. Are
you going to make that back over 26 years considering you could still
invest your yearly payments and get the same interest/dividends?
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Cao_Ren
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HeartView posted:
Cao_Ren posted:
Also, if comparing apples to apples, investing everything either way (the full 279 million vs the 15 million annuity), at 5% and 26 years:
lump: 1041.63 million
annuity: 876.04 million
But the vast majority of people would not stop at spending the $79 million you would choose to spend. Most would finish that off and go back for more. If you are capable of that level of self control then great for you. But history has proven over and over again that the vast majority of people that come into sudden wealth do not know how to handle it and lose it quickly.
I didn't say what people should do. I said what I'd do.
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Kriegprojekt
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Id be happy with 10% of one annuity payment.
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HeartView
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Cao_Ren posted:
HeartView posted:
I'm not missing the point. Most people couldn't handle suddenly having $10 million let alone $500 million. Personally, after the first $5 million I'd have to get creative on how to spend it or save it. The thought of piling up money just to make more money does not appeal to me at all. In 30 years are you really going to care if your fortunes are at $500 million or $600 million? Will it really matter?
Your original argument was about a concern of losing $100 million. Now you're recanting?
HeartView posted:
You'd
be starting out over $100 million behind from the payment method. Are
you going to make that back over 26 years considering you could still
invest your yearly payments and get the same interest/dividends?
I recant nothing. Assuming you can do what you say, you are far from normal in regards to sudden wealth. The safety net of getting the annual payment is a far better bet for most people.
Also, not everyone will manage to invest that much money and get back a sustained rate above 5%. Some investments will take many years to get back what you put in and be a loss (from a liquidity standpoint) until then.
Ideally, I would not argue that the lump sum will make you more in the long run, I just doubt most people are up to the task to see that through.
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Motar98
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would seem like you could get a lump sum from a bank or something and get a lot more than you would from the lottery
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Annuity is ONLY $17 million/year...
Ya, I think I'll be ok with that.
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ArchrikerHG
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I would probably hire an accountant or two and go talk to some investors and see what they think would be the best...
no state income tax in TN, so I'd walk out with a cool $134 million more by doing 26 payments versus the lump sum...
but in reality, I don't think it would matter much to me. I don't have a family full of poor people (in fact, very few are poor), so I wouldn't have half my family knocking on my door pleading for money. And the ones who did, I probably wouldn't have a problem giving them some.
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notmforce2k
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The annuity helps keep the INSANE insane purchases at bay. Don't lump me in with the "anyone who gets that kind of money will blow it" crowd. Pffft. I'd be fine.
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notmforce2k posted:
The annuity helps keep the INSANE insane purchases at bay. Don't lump me in with the "anyone who gets that kind of money will blow it" crowd. Pffft. I'd be fine.
I'd be setting up smaller annuities for friends and family. I suppose if you wanted to be super safe, you could create a small annuity for yourself. Maybe an account with a few million in it set to pay out for 25 years or so after the age of 60.
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FineYoungCannibals
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can i get mine in blockbuster 2 for 1 coupons?
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TickyAtack
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Screw this smarts crap.
Lump sum. Immediately waste 100 million.
Then figure the rest out.
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I must be the dullest lottery daydreamer on the planet :/
I figure if I win, I'll take a bit and create a trust fund to make sure that all my main relatives (aunts uncles cousins and nephews) have their education and health care paid for for life. Set aside two reasonable and managed trusts to insure that my and my wifes parents can spend comfortably in their retirement, and dump the rest in diversified long term investments and live off the earnings.
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I would take the lump sum and then die of a hooker/cocaine overdose 2 weeks later.
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Jesus.Christ..
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tillsb posted:
I would take the lump sum and then die of a hooker/cocaine overdose 2 weeks later.
Its happened before:
Poverty, after spending all the money on drugs and hookers. This is the sad tale of "Lotto Lout" Michael Carroll, the "self-styled King of Chavs," who "turned up to collect his £9.7million [UK] win wearing an electronic offender's tag." After winning, he used his money on drugs, gambling, and "thousands of prostitutes" only to end up back on the dole after eight years of living the Lotto life. Said Carroll to the Daily Mail, "The party has ended and it's back to reality. I haven't got two pennies to rub together and that's the way I like it. I find it easier to live off £42 dole than a million." He sounds pretty chipper given the details of his story, which involve his wife leaving him and taking their daughter with her, and the loss of £100,000 over eight years in payments to prostitutes, among other rather grave financial mistakes.
http://news.yahoo.com/terribly-sad-true-stories-lotto-winners-164423531.html
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Lokkie_the_Fierce
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10% return? Please tell.
Anyway, my choice:
Virginia: 4% State Tax
Your net per year: $17,476,924
After 26 payments: $454,400,024
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Gildash
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I'd have to look into it.
If there was any possible future where I would get shafted, I'd take the lump.
Yay for no CA taxes!
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lump sum and i would still keep my job i would just change to part time
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jonus156 posted:
lump sum and i would still keep my job i would just change to part time
....really?
How boring. I would find it hard to keep a job while traveling the world.
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Jezza_Belle
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lump sum for sure, I don't know if I'll be alive tomorrow, let alone in 26 years, and I wouldn't want my family to be destitute (lol) because I took the annuity.
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Galdwarf
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8% in Oregon :/
Maybe I'd send ticket to Doug_Doug in Penn to turn it in. No tax = more $$.
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Lokkie_the_Fierce
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What happens if I win an annuity and die before all the installments have been paid?
Your designated beneficiaries will receive the remaining payments.
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Mangler_SC
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Wisconsin: 7.75% State Tax
Your net per year: $16,553,847 Your net payout: $310,695,000
After 26 payments: $430,400,022
Long term is the only sane choice.
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TheUnholyGhost
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I said it in the other thread, and I'll say it in this one.
If you took the annuity over the lump sum, you must be half-retarded.
Any which way you slice it, the lump sum comes out on top.
Even with average interest and dividends, you'd eclipse the annuity at the end of the 26 years....nevermind it would take you 26 years. With the lump sum,
"It's my money, I need it now!"
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Mangler_SC
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You like soccer, you are obviously not qualified to answer anything.
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Cao_Ren
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With the new higher jackpot, the lump sum is way better than the annuity.
For Indiana: 330.79 million lump or 17.62 million per year.
Investing just 250 million of the lump some versus investing every cent of the annuity after 26 years with an average of 5% return:
933 million vs 885 million.
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ryu_masamune
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I would lose a lot of friends, I think. Since I'm waiting on feedback from interviews, I got bored so I've spent some time thinking about what I'd do.
1) I'd hire a recent grad CPA or JD (or preferably both) to be a Personal Assistant and advisor after a very thorough background investigation and interview process as his starting salary would be around $300,000/yr. There would be an 'X' factor that really makes or breaks getting the job. The willingness to execute 'other duties as assigned' and resourcefulness. I would likely target White House interns or Jr. Staffers (for reasons explained below).
2) I'd send 1st Class Tickets and $5,000 for shopping to my first mentor, 2 former bosses, 3 friends that work at MS in various capacities, a friend of mine that works at Lowe's and is convinced he'll turn me gay some day, my oldest friend from the Corps and his Philosophy Professor wife, a friend from Cornell, a chef friend at Alan Wong's and his GF. We'd meet, all of us flying, in Las Vegas or something.
3) I'd offer everyone at this meeting a proposal: come and see the world with me for a year on cruise ships, planes, trains, safaris and trails; all expenses paid - and collaboratively think of how we could utilize $150M of my winnings to make some measure of impact. This could be the development of a product, starting a company, building a community center, funding research, creating a SuperPAC and literally buying a High Office election... anything is on the table. This plurality is being asked because I trust them and know these people all to think much more critically than I tend to: so I could also trust they would not be afraid to tell truth to power. And the purpose of the extended expedition is to broaden our perceptions and experiences to better inform our discussions. On top of which, for helping me find some meaningful use, everyone who comes will get a $2M gift from me as a thank you. No contracts or anything - it isn't a job (though it could turn in to one) and if in 4 months you can't stand half of my other friends, no hard feelings if you want to leave and go home to return to your lives. I think many would accept, a few probably wouldn't - and most all of my friends that didn't get the invitation would be furious they weren't asked and I'd lose some of them.
4) Hire a PsychD whose primary purpose is to observe and safeguard me in private, but also as an equal input to the panel and for medical situations, if any. It crosses and blends lines of the Doctor/Patient relationship, so I expect this would be difficult to do.
5) Invest $40M in an IRA, $10M in savings accounts that couldn't be accessed unless all other resources were gone. $125M would go a diverse portfolio or would be figured out with my PA.
6) Ensure my dad never had to work again a day in his life, if he chose - and a few close friends not invited on the trip would get full rides to college, good housing, etc.
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Sgian_Dubh
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HeartView posted:
I'm not missing the point. Most people couldn't handle suddenly having $10 million let alone $500 million. Personally, after the first $5 million I'd have to get creative on how to spend it or save it. The thought of piling up money just to make more money does not appeal to me at all. In 30 years are you really going to care if your fortunes are at $500 million or $600 million? Will it really matter?
Yeah, it would.
I already have dreams of going over earnings statements with my financial team.
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EbonDragon
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AZ lottery website must be getting hammered..
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Shazami
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EVERY lottery-related website is getting hammered, lol
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BritonGuy
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ryu_masamune posted:
This could be the development of a product, starting a company, building a community center, funding research, creating a SuperPAC and literally buying a High Office election... anything is on the table.
Worked so well for Gingrich.
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Briton Guy...persnickety...NEVER! -Murron (truly) Hawkson is the greatest. -Hawkson Britonguy is usually right. -Onslaught on BT “Do or do not... there is no try.†- Yodazami Do you expect me to remember what I put in my mouth? -NSMachi
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silvadel
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Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state
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Reminds me of a bugs bunny episode...
$1,000,000
... tax
... tax
....
You owe us a total of $6.52 -- please remit...
You didnt get the money did you doc....
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Endgame all too often = End of the game being fun
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BritonGuy
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Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state
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Lump sum, duct tape it to my body, run cross country.
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Briton Guy...persnickety...NEVER! -Murron (truly) Hawkson is the greatest. -Hawkson Britonguy is usually right. -Onslaught on BT “Do or do not... there is no try.†- Yodazami Do you expect me to remember what I put in my mouth? -NSMachi
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LadyMetropolis
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Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state
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I noticed FL isn't on that list. Is there a reason we're being punished?
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Lothland
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Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state
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Lump sum is much more money if you invest ANY decent amount of it then the annuity.
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-Foxy-
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Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state
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Texas: No State Tax on Lottery Prizes!
Your net per year: $18,461,539
After 26 payments: $480,000,014
lump sum
Your net payout: $346,500,000
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Long suffering vassal to Xarkath, U.P. - Forever and ever
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ryu_masamune
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Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state
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BritonGuy posted:
ryu_masamune posted:
This could be the development of a product, starting a company, building a community center, funding research, creating a SuperPAC and literally buying a High Office election... anything is on the table.
Worked so well for Gingrich.
Oh Briton, I'm not so much a novice that I'd be using my fortune to buy 'me' the Office... no no, that never works out. Look at Ross Perot. I'd buy the candidate and stack the campaign. 74% chance of success there.
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Fozzie_Bear
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site breaks down how much you'd get net out of 540 million lottery win for each state
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LadyMetropolis posted:
I noticed FL isn't on that list. Is there a reason we're being punished?
Bush election, duh?
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The Oatmeal Butterscotch paired with a Snickerdoodle
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Then after an Oatmeal Cranberry and Double Chocolate,
it made my new vagina spontaneously sing the Trolololo Song in an elevator.
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deadcactus
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Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state
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You're an idiot if you take the annuity.
The annuity is less money. People investing $300 million aren't plopping it into a CD at 3% interest. You'd come out ahead with passive investing alone but most of you seem to highly underestimate the benefits of walking in with $300million to invest instead of your $5k Roth IRA. The return anyone half way competent (or smart enough to hire someone very competent) is going to vastly overshadow whatever return the government is giving you. Even if you invest your annuity, your money is sitting in a low-yield investment while you wait for it to be paid for you.
If you honestly can't keep from f--king up with $300 million, your odds aren't much better with an annuity. Bad financial habits are bad financial habits. They'll screw you over at $10 million a year just as easily as they screw you at $30k a year. Plenty of 1%ers are still working at 65 and 70 because they couldn't pull of something as basic as retirement...
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'member dat?
True dat.
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