- NEW!
by ConservativelyLiberal on January 4th, 2009
I'll take the pay out. Think of how much I could have 26 years later if I invested it wisely.
by Oddball on January 4th, 2009
The only smart way is to take the one time payment. With proper financial advice you can invest the one time payment and grow it to a much larger sum than the total you would receive over the 26 yrs.
The payment system is not transferrable. If you die you cannot leave the remaining payments to your family.
by ALF - Gordon Shumway on January 4th, 2009
"One-time payout" and I'll do the investing!
by Scrappy on January 4th, 2009
I want it NOW. I might die next year. I could do a LOT with that $. Always take the sure thing
by altgirl84 on January 4th, 2009
I'd like the yearly payouts instead of the lump sum. That way, much less of a chance I'd blow it right away lol (even though it's $100 million, but people can go crazy with money and piss it all away). This way, I'd be assured to be taken care of financially for at least the next quarter century. But if I happen to die in that time, I'd want to remaining payments to go to family, hopefully it would work that way...
by Ec-nal Licensed Bootie Inspector on January 4th, 2009
Lump sum. Ec will have financial people multiply his money, not the government yo...
by Don Gorgeous George on January 4th, 2009
I would take out about 10 million right away and take the rest out in payouts if possible.
by Colt COAT of Justice on January 4th, 2009
One time payout!
by loves.CSI.vegas on January 4th, 2009
One time payout. My BFF and I have agreed that we will split it if either of us wins.
by Spicy Hot on January 4th, 2009
Give me it now please. I can live on 50 million.
by Suby the Coat on January 4th, 2009
I will take the $50 million without a second thought.
Investing this properly my income needs will be more than met.
Whatever is left after meeting my personal needs will go to charity.
by Sixty B - Commander Topcoat on January 4th, 2009
I'd do the long-term payout. It's like a built-in accountant that would make life awfully comfortable without the overwhelming issue of having the lump sum. The lump sum is kind of greedy - unless the circumstances of debt, expenses, etc. absolutely call for the hefty chunk of cash to right monetary wrongs.
by Blackberry. on January 4th, 2009
I would just receive the payments, the thing about money is that you have to think long term. What if there was another recession/depression and someone you cared for lost a job or something?
by Anonymous on January 4th, 2009
The one year pay out! I can invest it and make more than they can! As if I need more money now!
by Kdmichaels on January 4th, 2009
I would take the annual payouts. I don't have a lot of outstanding debt that I need a lump sum to pay off, and the annual payout would ensure that I don't overspend and waste much of it. It would definitely give me the opportunity to live extremely comfortably for years to come, and be able to help a lot of people, too.
by DA BEN DAN yanggui zi on January 4th, 2009
payout...I won't live long enough according to statistics to really see all of it...,besides what on earth would I do with 100 million? true I could make a difference in some friend's lives ..but 100 million?--assuming that I won it in Canada where it is nontaxable income.
by JuJubee is wearing a COAT of chocolate on January 4th, 2009
I'll take the payout. I wouldn't know what to do with that much money at one time.
by Bigessfour wears a Army COAT on January 4th, 2009
One time payout - it's worth more now than that exact amount in the future. Net Present Value of Money -
by Reptar on November 22nd, 2009
I would take the money and run.
by sm00z on October 29th, 2009
A solid gold '48 Cadillac.
by Lights Squared on May 29th, 2009
Pay me out
by Sammy1 on May 29th, 2009
I would have the money in installments. Think about Mike Tyson how he blew 300 million. Some financial adviser steals your money, you just know that you had money for next year coming to you. I would make sure I got every bit of money that was due to me.
by Daniel on January 6th, 2009
Hmm, hard choice... let me run some numbers really fast...
$100 million in 26 years comes out to roughly 3.84 million a year. Considering the fact that at my last job before I was laid off, I was earning roughly $20,000 a year and more than meeting my needs, I believe that at $40,000 a year I could live quite comfortably. So, with that first $3.84 million, I could purchase a decent piece of property - say 10 acres, a 3 bed 2 bath house - not more than $200,000 in my neck of the woods - and a vehicle that can get me to work and back - no more than $15,000. That leaves about $3.59 million just off of the first check. I could put away... say, 5 million in two years for retirement, and proceed to give the rest to those who need it more than I.
See, the thing is, I'm not the kind of person who would stop working and live off of that money if I won it. I fully adhere to the saying, "He who does not work shall not eat." And even if I didn't... I need a job because I enjoy working. I don't know how people can stand life without a job - I go stir crazy in about a week.
So... in the end, I would take the payout - I can help a heck of a lot more people in the long run that way.
by Anonymous on January 6th, 2009
Ultimately, I'd probably go with the lump sum as I'd have complete and immediate control of it but I'd be fine with the installments too.
by sprky777 on January 4th, 2009
I would take the one time payout. Even poor return investments would yield more than the yearly payoffs. Then live happily on the interest alone. :)
by Runs_With_Scissors on January 4th, 2009
One time pay out. I can live with 50 million...so long as I get a restraining order against my sister-in-law and brother-in-law.
by Anonymous on November 26th, 2009
I would take less than half in 1 time payout. You may get more over 26 years but depending on your age, you may not live long enough to collect it all.
by john pennington on November 26th, 2009
Have you compared the income tax on a lump sum payout compared to the income tax over a 26 year period? lets not forget the interest accumulated.
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Comments
Yeah that's a good way of doing it.
by Don Gorgeous George on January 4th, 2009
Thanks. A wise answer.
by Jim in a Nautilus COAT on January 4th, 2009