Reply To: Question about the lottery

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#135503
JWilkes
Participant

I would take the lump sum payout. Pay the taxes up front, payoff any and all debt, invest the balance and live off the interest. If I won $100 million / take the $50 million pay the government say 40%, this leaves $30 million to invest. At a meager 4% that is $1.2 million per year in interest. I can’t image needing that much money every year to live and have fun on. I am always amazed how people can spend all that money. It’s not about spending everything its about being able to really enjoy life and have great experiences.