SG Talk

(10-08-2023, 10:24 AM)Levin Wrote: [ -> ]https://sg.news.yahoo.com/one-lucky-play...46323.html

" The $1.58 billion payout would go to the winner if they opt for an annuity, doled out over 30 years. But people usually prefer a lump sum option, which for Tuesday’s jackpot is an estimated $783.3 million.

The prize money is subject to federal taxes. Many states also tax lottery winnings. "
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It's always prudent to opt for annuity over 30 years as you will have 50% more amount and also help to prevent uncontrollable spending.

With $1.58Billion for 30 years, you will still be getting a mind-boggling $52.67M per year, which is higher than most Fortune 500 CEO annual package, LOL.

(10-08-2023, 05:05 PM)lioncityftw Wrote: [ -> ]" The $1.58 billion payout would go to the winner if they opt for an annuity, doled out over 30 years. But people usually prefer a lump sum option, which for Tuesday’s jackpot is an estimated $783.3 million.

The prize money is subject to federal taxes. Many states also tax lottery winnings. "
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It's always prudent to opt for annuity over 30 years as you will have 50% more amount and also help to prevent uncontrollable spending.

With $1.58Billion for 30 years, you will still be getting a mind-boggling $52.67M per year, which is higher than most Fortune 500 CEO annual package, LOL.

30 years have 35% federal tax

lump sum only 25% federal tax

bank deposit for lump sum is 7%

(10-08-2023, 05:08 PM)grotesqueness Wrote: [ -> ]30 years have 35% federal tax

lump sum only 25% federal tax

bank deposit for lump sum is 7%

You calculate for wat? Got win anything or not?

(10-08-2023, 05:12 PM)Sentinel Wrote: [ -> ]You calculate for wat? Got win anything or not?

teo 4 white balls only

(10-08-2023, 05:17 PM)grotesqueness Wrote: [ -> ]teo 4 white balls only

You hv to get whoever bought the ticket for you to honor the agreement and collect for you if u win the jackpot

(10-08-2023, 05:20 PM)Sentinel Wrote: [ -> ]You hv to get whoever bought the ticket for you to honor the agreement and collect for you if u win the jackpot

aiyeah

the win got to split with my ang mo blonde relatives

(10-08-2023, 05:23 PM)grotesqueness Wrote: [ -> ]aiyeah

the win got to split with my ang mo blonde relatives

Depends on who holds the ticket

Everything else is not impt.

(10-08-2023, 05:28 PM)Sentinel Wrote: [ -> ]Depends on who holds the ticket

Everything else is not impt.

ask her to buy 20 white ball 
she bought 69 white ball


that why win 4 balls only

(10-08-2023, 05:05 PM)lioncityftw Wrote: [ -> ]" The $1.58 billion payout would go to the winner if they opt for an annuity, doled out over 30 years. But people usually prefer a lump sum option, which for Tuesday’s jackpot is an estimated $783.3 million.

The prize money is subject to federal taxes. Many states also tax lottery winnings. "
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It's always prudent to opt for annuity over 30 years as you will have 50% more amount and also help to prevent uncontrollable spending.

With $1.58Billion for 30 years, you will still be getting a mind-boggling $52.67M per year, which is higher than most Fortune 500 CEO annual package, LOL.

Anytime you die, the payout cease. It doesn't become your estate... So win liao as good as no win.

(10-08-2023, 05:54 PM)Sticw Wrote: [ -> ]Anytime you die, the payout cease. It doesn't become your estate... So win liao as good as no win.

that why you get..............

(10-08-2023, 05:08 PM)grotesqueness Wrote: [ -> ]30 years have 35% federal tax

lump sum only 25% federal tax

bank deposit for lump sum is 7%

(10-08-2023, 05:54 PM)Sticw Wrote: [ -> ]Anytime you die, the payout cease. It doesn't become your estate... So win liao as good as no win.

https://www.cnbc.com/2023/08/07/mega-mil...-best.html

The winner can choose between the one-time lump sum worth $757.2 million or 30 annuitized payments valued at $1.55 billion. Both options are pretax estimates.

Annuity recipients can expect an initial payout, followed by 29 years of annual payments, which increase 5% every year, according to Mega Millions.

If you pass away before collecting all 30 payments, Mega Millions will make the remaining payments on schedule to your designated beneficiary or your estate.

Picking the lump sum payout is a ‘big mistake’

Andrew Stoltmann, a Chicago-based lawyer who has represented several lottery winners, says 95% choose the lump sum option, which he describes as a “big mistake.”

“Let’s just say the curse of the lottery is real,” he said.

There are three “big drains” on lottery winners: bad investments, relatives who ask for money and overspending, according to Stoltmann.

If you opt for the annuity, “you can make those first-, second- or even third-year mistakes, and still have the majority of the corpus coming to you,” he said.

" You can make those first-, second- or even third-year mistakes, and still have the majority of the corpus coming to you. "
- ATTORNEY AT STOLTMANN LAW

Without financial experts to help you manage the windfall, you can “protect yourself” by choosing the annuity payout option, said Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida.

However, professionals can likely outperform the annuity payments by managing the upfront lump sum, he said.

Tuesday’s Mega Millions drawing comes about three weeks after a single ticket sold in California won Powerball’s $1.08 billion jackpot. That game’s top prize is back down to $145 million, with a roughly 1 in 292 million odds of winning the jackpot.
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(10-08-2023, 06:43 PM)lioncityftw Wrote: [ -> ]https://www.cnbc.com/2023/08/07/mega-mil...-best.html

The winner can choose between the one-time lump sum worth $757.2 million or 30 annuitized payments valued at $1.55 billion. Both options are pretax estimates.

Annuity recipients can expect an initial payout, followed by 29 years of annual payments, which increase 5% every year, according to Mega Millions.

If you pass away before collecting all 30 payments, Mega Millions will make the remaining payments on schedule to your designated beneficiary or your estate.

Picking the lump sum payout is a ‘big mistake’

Andrew Stoltmann, a Chicago-based lawyer who has represented several lottery winners, says 95% choose the lump sum option, which he describes as a “big mistake.”

“Let’s just say the curse of the lottery is real,” he said.

There are three “big drains” on lottery winners: bad investments, relatives who ask for money and overspending, according to Stoltmann.

If you opt for the annuity, “you can make those first-, second- or even third-year mistakes, and still have the majority of the corpus coming to you,” he said.

" You can make those first-, second- or even third-year mistakes, and still have the majority of the corpus coming to you. "
- ATTORNEY AT STOLTMANN LAW

Without financial experts to help you manage the windfall, you can “protect yourself” by choosing the annuity payout option, said Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida.

However, professionals can likely outperform the annuity payments by managing the upfront lump sum, he said.

Tuesday’s Mega Millions drawing comes about three weeks after a single ticket sold in California won Powerball’s $1.08 billion jackpot. That game’s top prize is back down to $145 million, with a roughly 1 in 292 million odds of winning the jackpot.
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Let me tell you something
This lottery is not owned by the state

If you don't get one lump sum and the company close your 30 years of money is gone

And another factor is state is in the state of war or emergency
The payment cease

You choose wisely

(10-08-2023, 07:28 PM)grotesqueness Wrote: [ -> ]Let me tell you something
This lottery is not owned by the state

If you don't get one lump sum and the company close your 30 years of money is gone

And another factor is state is in the state of war or emergency
The payment cease

You choose wisely

Hokay, opting for lump sum nao!..

oh wait..