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post #21 of 54 (permalink) Old 11-28-2012, 09:36 AM
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Re: WOW $500 Million

ill take the money up front and buy a house (still finance ill take the tax credits and what not that come with the loan) and likely travel a lot. who knows though, some of you guys make a great point, the money per year really isnt a bad way to go.
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post #22 of 54 (permalink) Old 11-28-2012, 09:40 AM
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Re: WOW $500 Million

well, since california doesnt do powerball, I guess Im out... :/
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post #23 of 54 (permalink) Old 11-28-2012, 09:51 AM
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I think I would probably do the annuity in this case, especially. Most people arent forward thinking enough to live on a budget. I mean hell, you just won the largest lotto jackpot ever. You traded a dollar for half of Oprah's net worth. The gravity and reality of that setting in would make anyone make poor decisions.
Actually the largest was a 656 million mega millions jackpot a fears years ago. This is the largest powerball though.

Agreed on the annuity though.

Last edited by Rocky5000100; 11-28-2012 at 09:53 AM.
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post #24 of 54 (permalink) Old 11-28-2012, 10:03 AM
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Re: WOW $500 Million

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well, since california doesnt do powerball, I guess Im out... :/
This.

But if I won I would buy a Panigale, complete my build for my 07 into a track bike, pay off my debts, buy a house, invest the rest. And be prepared for the possibility to lose all my friends.



Proud winner of April 2013 ROTM with a bike that no one likes!

I <3 PASSION MOTORSPORTS

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Ive taken bigger shits than Ricky, but he has personality, so that should count for something......right?
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I see my balls are in high demand in terms of cupping
RIP Jason (Snocompton). We will miss you.
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post #25 of 54 (permalink) Old 11-28-2012, 10:15 AM
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Re: WOW $500 Million

Many factors go into making the decision whether to take the annuity over the lump sum. For example, the difference in the total annuity payments between Florida and New York would be approximately $45 million in taxes alone. For the majority of americans it makes more sense to take the lump sum in large jackpot amounts. Considering how low current interest rates are the annuity does offer a decent return on investment, giving you an approximate ROI of 5%. However, when winning a jackpot this large, your main concerns should be estate and tax planning and not return.

Either way, when you win, your first call should be to an attorney you trust (they are hard to find) and second should be a PM to me (that financial advisor guy that does this everyday).

For the rest of my first 5 things to do:
#3 - Give my parents enough money that they never have to think about money again.
#4 - Quit my job (although I love it)
#5 - Buy a private island

Current Mods: Full Leo Vince Factory EVO II carbon exhaust, Bauce Racing ECU, Bazzaz Z-Fi + AFM, DID ERV3 520 chain, Renthal 15/47 sprockets, Michelin Pilot Power 3 tires, BMC track filter, HyperPro RSC steering damper, Rizoma RRC rearset, Rizoma Radial Sport mirrors, Fren Tubo SS brake lines, Rizoma front and rear brake reservoirs, Puig DB light smoke windscreen, AGG smog block-off plates, Proton flushmounts, Shermoto Racing levers, Driven D3 grips, Motodynamic smoked integrated tail light, Rizoma chain adjuster, Rizoma gas cap, Rizoma oil filler cap, OEM solo seat cowl, BikeStyle passenger peg plugs, Carbon fiber ram air covers, Shogun framesliders, Vortex swingarm spools, Gregg's Customs rear tag cover, Custom fender eliminator, 90 degree valve stems, CustomLED relay, Scala G9, Slowboy reservoir socks, Motul 300V, Engine Ice, NJG custom decal set, Pitbull front and rear stands
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post #26 of 54 (permalink) Old 11-28-2012, 10:16 AM
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Re: WOW $500 Million

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Originally Posted by m3lover1 View Post
This.

But if I won I would buy a Panigale, complete my build for my 07 into a track bike, pay off my debts, buy a house, invest the rest. And be prepared for the possibility to lose all my friends.
Or gain




CMRA #620
Wreck It Pandas #68

My 2008 R6 race build

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post #27 of 54 (permalink) Old 11-28-2012, 10:26 AM
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Re: WOW $500 Million

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Originally Posted by babymilo36 View Post
Or gain



You'll still be my friend!



Proud winner of April 2013 ROTM with a bike that no one likes!

I <3 PASSION MOTORSPORTS

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Quote:
Originally Posted by redisdeadrideblue View Post
Ive taken bigger shits than Ricky, but he has personality, so that should count for something......right?
Quote:
Originally Posted by babymilo36 View Post
I see my balls are in high demand in terms of cupping
RIP Jason (Snocompton). We will miss you.
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post #28 of 54 (permalink) Old 11-28-2012, 10:30 AM
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Buy my dad whatever the fcuk he wanted, buy my brother a boat and a house, help my adopted mom out a lot, open a mechanic shop with a private track out back, and buy some security to keep all the crazies and my moms side the family away.

Then I'd live like those duck dynasty ****ers

Go fast parts:
Pipercross race filter, Leo sbk slip on, 05 header mod, pcv, bauce racing ecu flash, agg smog block offs, quick turn throttle, 520 rk gxw chain -1-1 renthal sprockets, ebc hh pads
, Shorai battery.

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post #29 of 54 (permalink) Old 11-28-2012, 10:52 AM
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Re: WOW $500 Million

1. House
2. Twin turbo UGR lambo gallardo
3. Bunch of land
4. Travel the world
5. Ship my bike to germany and ride the nurburgring

MODS:
* Roth industries smog block offs
* Zero gravity smoked DB
* Shermoto shorty levers
* Scotts steering damper
* 06 shorty muffler conv.
* 520 chain conv. -1/+2
* Factory pro +4 rotor
* BMC race filter
* Dunlop Q2's
* Dynojet Pc3
* 12k h.i.d kit

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post #30 of 54 (permalink) Old 11-28-2012, 10:58 AM
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Re: WOW $500 Million

Quote:
Originally Posted by bryan j View Post
Buy my dad whatever the fcuk he wanted, buy my brother a boat and a house, help my adopted mom out a lot, open a mechanic shop with a private track out back, and buy some security to keep all the crazies and my moms side the family away.

Then I'd live like those duck dynasty ****ers
That Is EXACTLY what I would do
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