$1k a week for life or a one time payment of $1m? What would /biz/ do?
I already told you. Take the recurring payments. Sell the debt to someone for a lump sum for less taxes.
>>609509271000 weeks is 19.17 years for total payout. 1,000,000 put in a 20 year US treasury would be: (1.0459^20)x1,000,000 = $2453597.16 for full payout. Across the same timeframe as the weekly payouts it would be $2363885.44. You also miss out on the opportunity to put a substantial amount into emerging fourth turning technologies. You are a RETARD if you take the 1000 weeks unless you know you know you lack impulse control and will lose it all like a complete NPC. This isn't even controversial or difficult it is just basic math with the wildcard of psychology. The weekly option is always so they can earn interest and keep it off your money.
>>60950964tldr If you take the weekly payout you are choosing to not 2.4x your total payout and receive biannual higher payouts which you could reinvest for additional yield which are when divided much larger than your weekly payouts themselves would have been.
YOU ALWAYS TAKE THE LUMP SUM
>>60950964Everyone knows it math's out better as lump sum(you did forget the taxes tho). Personally I think that the larger the sum gets the better the annuity looks. If you win a billion, then your payouts are retarded high anyways
>>60950964>unless you know you know you lack impulse control and will lose it all like a complete NPCThis applies to the vast majority of people though. They've been conditioned all their life to spend money as soon as they get it
Are you guys that dumb? none of you could think of a valid reason why anyone would choose the 1k a week payout? Here’s one: maybe she’s got parasites and leeches for family members and how do you deal with that? Simple, tell them u only get 1000 bucks a week.
>>60951009I simply wouldn't tell anyone, leeches or not. Or I would say I won a few thousand.
>>60951016hard to not tell anyone when your face is literally on the picture
>>60951022In the UK they give you the choice whether or not to publicise it. Don't know how it works elsewhere.
>>60950927That's less than normal weekly take home pay after taxes if your making $100k at work
>>60951008If you're even so minimally retarded as to be able to turn around and hand it to spendthrift trust that gives you weekly payments because you're retarded you'd still do better.
my old job offered me £80k or £1500 a month to fuck off. I took the £1500 a month.
>>60950964>>60950967In the US you only get 40% of the total if you do the lump sum. You're not as smart as you think you are.
>>60950927For life* 20years @ 52k per year is around $1m40years = $2m 60years = $3m 80years = $4m If you were to lock those down into diversified investments with a dividend reinvestment scheme in high growth potential industries. Including compounding interest you could generate quite significant returns with a ‘lifetime’ of $1000 payments. If you take it in payments you avoid lump tax, and also create the ability to minimise it in your structuring moving forward. Place it in trust.If it’s permanent and guaranteed income, your best best would be to take and equity line against that projected lifetime income, value against data from actuarial tables. Then you would use the liquidity drawn on the equity line to fund your investment firm. How does $1.5m sound as a line of credit sir? You can have low rates and we don’t really expect repayments, you can also have this black card to cover any other liquidity issues. You could take the $1m upfront for max opportunity leverage. But it creates large downside and ongoing obligations that are hard to mitigate. Leaves you with buying power now of around $600k.Unlocking equity might actually yield more. Even if that lifetime cap was 20years/1m taking equity against it now, is probably a way to unlock just as much in short term liquidity.. I think a bank would lend 600k against 20years of $1000 weekly payments. Especially if the bank receives anywhere near what you would lose as tax, as their interest/fees. Hell, the banks would probably lend you 750..
Never trust that the payments actually continue in to the distant future. You just can't predict the future and anything could happen to yourself or the payer. I would absolutely take the full sum
>>60951125Now we know why they fired you.
>>60951009nigger if I win the lottery then I am cutting all fuckoids out of my life. you better earn your fucking spot in my billionaire lifestyle bitch because I aint putting up with NO SHIT from anybody after that.
>>60950927man, what a retard.
>>60951009with 1 million bucks i would have them grovel at my feet for crumpets
>>60950930No taxes on lotteries in canada
>>60951139I don’t think he was pretending to be smart with his grade 10 math. He even said it’s basic math.
>>60951108The population-weighted mean IQ globally is 87. The IQ necessary to fully understand first order effects is estimated to be 100. Meaning 81% of the global population has serious trouble grasping first order effects. To be able to grasp second order effects like you're talking about, an estimated IQ of 110 is necessary. Meaning 91% of the global population is not capable of grasping it. So your strategy wouldn’t even cross the minds of 91% of people. Best case they're within the top 19% and opt for recurring payments to protect themselves against themselves.
>>60951139The thing is, 609k is the highest tax bracket anyways, and it's only 15% higher than the average wagie gets taxed anyways. If you win a HUGE jackpot where the annuity was going to be 250k+ a year, then you are only saving 2% on taxes, meanwhile having to still live like an upper class person the rest of your life. You can live really well on 250k obviously, but you would be better off taking the lumpsum and investing it or even getting 4% returns in bonds.Unless like other people said, you are a brain dead child that burns through your entire winnings on one drunken binge at vegas
>>60950964At what point do you have enough money? This is an addictive personality disorder. $1000 every week for life and you’ve won. You don’t need to work, you don’t need to do anything, you can just live. What do you need in life to be happy? Seriously.
Why the fuck do normies get so turned on by these huge 1.8 billion dollar jackpots? That money is almost too overwhelming, if you just had 300 million that would still be hard to spend. I would much rather join a lottery where there are 1,000 millionaire winners than one billionaire winner
>>60951139Can someone explain "you only get 40% with lump sum"I believe it's true, because I've heard of it myself from actual lotery winner videos. But IRS claims that lottery winnings just get taxed as regular income (the highest tax bracket is 37%) and state taxes usually aren't that high (arizona is a flat 2.5% for all income levels)Wouldn't that mean you keep around 60%, or am I missing something?
>>60950930Fucking kek! What kind of loser country do you live in where they tax lotteries winnings?
>>60951326Because the lump sum is a lower amount than the split payout. You are taxed at around 40%So, 2billion, turns to 1billion. Then gets taxed, then winner gets to take home 600m of the 2billion jackpot.
>>60950927Imagine you have a family and take the 1k a week and die in a car accident a month later. They get nothing. No money to pass downAnd when she’s old the 1k won’t be adjusted for inflation so it’ll be almost nothing by then
Lumpsum and all in btc. No dca because I'm not a pussy then wait until it's legal tender
>>60951326>>60951282>>60951266The absolute state of /biz/lets and genertion-Z to think like this.Go have another shitty vacation in your favela Thailand, poorest country on earth next to Venezuela.
>>60950927nothing wrong with choosing the weekly payments, no one can point a gun at you and steal your money unless they do it every week, less stress for you if you're financial retard (which takes some honesty to admit, maybe you think you're a crypto genius but you are retard who got lucky, what do you even know honestly can you even predict any market movement at all without your hunchs? think about it)
>>60951266>>60951326The absolute state of (You)
>>60951326People don’t understand this, but the “jackpot” is actually just the “value” of the payments, the annuity option. The lump sum option is based on what the lottery commission calculates the current value of that annuity to be based on the annuities annual growth, so the lottery only gives an expected payout but I believe if you choose the lump sum they actually calculate the current value of the annuity option to pay you out, so the lump sum rate actually varies based on current interest rates, is again my understanding of how the lottery system like powerball works. So depending on what the lottery commission calculates as the growth rate for the annuity vs. what the market is currently paying, there may be situations where it makes sense to take the annuity and borrow against it/sell it over taking the lump sum.
is brenda an indian lady?
>>60950927$1000 will be like $10 in 5 years
>>60951193>if I win the lottery then I am cutting all fuckoids out of my lifeEven me, anon 0_0
>>60951268$1000 a week is making it lol? Barely enough to pay a mortgage on a mcmansion. Not even enough to survive unless you live in a studio apartment.
underestimating the gov ability to print
>>60950927>Get $1m payout, entire family comes after you to clear their own debts>Get $4k/mo, people call you stupid, but you keep your family intact. Easy choice if you're not a shut-in like most people here.
>>60950984In Canada, there’s no tax on lottery winnings.
>>60950927>BrendaTypical Brenda shit.It'll be funny in 20 years when she's received over $1M in nominal payout, but the value of $1000 in 2045 money is like $478.50
>>60950927lump sum, i know how to manage my money. when the majority of people can't resist spending yet i had tens of thousands saved up just a few years into waging? yeah easy answer.also>$1k per week for lifeterrible deal if i end up dying and i can't give the weekly payment to a family member.however let's assume i live to 80 something. that's about $1.5m. that's a terrible deal just sticking it in the bank will yield me way, way more than $500k in profit in the same time assuming 2% interest. however i could pull off an even better return just playing on the stock market just by dumping it on SPY during a recession.>>60951009>can't even say "no"kek what terrible logic.
>>60950927women are stupid.
Daily reminder in canada lottery winnings are tax free
>>60950927I kinda get it especially if she has no financial education. 1k/week for life is a lot harder to fuck up than a one time 1m payment. She probably just knows that the temptation for bullshit would be too strong. Good for her. She has 52k/year coming in forever.
>powerball winners every year for decades>payouts are 9/10 figures regularly>only 900 billionaires in USWhat percentage of the billionaire population is just lotto winners?Are they all just too retarded to invest and manage to spend it all or what?Even a 250M payout would make you a billionaire after about 15 years in the markets. I guess lotto winners are by default retarded...
>>60950967>win 1 million>invest it for 20 years to double itThis is retarded. Just buy a house, invest the rest and work a couple of days a week for the rest of your life
>>60950927>>60951009i take 1000 a week and start travel the world like a hobo.
>>60957224nobody who knows money is out there buying lottery tickets.
>>60950927deposit $1m into aave usdt make 5% apy. ezmode
