Can the annuity payments be passed down upon death of the winner or do they just stop at that point?
kephartprong__ on
Does not account for possible interest to be gained over 19 years with the lump sum payment, greatly exceeding the return of the annuity over that timespan.
Silist on
If you had average returns on that 493 billion you would anticipate having 2 billion at the “break even” point
Ilikepancakes87 on
So more money than any human needs vs. more money than any human needs? What a tough choice.
GoForthandProsper1 on
Of course the 19 year break even is assuming you don’t invest your lump sum payout at all and spend every cent
Just wanted to illustrate a hypothetical break even point
BicycleGripDick on
Perfect timing that it’s just happened to be won at Christmas. Definitely not rigged
IHadADreamIWasAMeme on
How could someone secure this in the best way to feed future generations of their family? Could you set up some kind of trust where each child, grand child, great grandchild, etc. all the way down the line gets 10m when they turn a certain age or something, and it just sits there and keeps growing and growing for multiple generations and giving out 10m as new children in the family tree come of age? I hear a lot about generational wealth but I’ve always been curious what kind of mechanisms allow it to truly be generational.
BrainJar on
We can tax this, but can’t figure out how to tax billionaires.
8 Comments
Can the annuity payments be passed down upon death of the winner or do they just stop at that point?
Does not account for possible interest to be gained over 19 years with the lump sum payment, greatly exceeding the return of the annuity over that timespan.
If you had average returns on that 493 billion you would anticipate having 2 billion at the “break even” point
So more money than any human needs vs. more money than any human needs? What a tough choice.
Of course the 19 year break even is assuming you don’t invest your lump sum payout at all and spend every cent
Just wanted to illustrate a hypothetical break even point
Perfect timing that it’s just happened to be won at Christmas. Definitely not rigged
How could someone secure this in the best way to feed future generations of their family? Could you set up some kind of trust where each child, grand child, great grandchild, etc. all the way down the line gets 10m when they turn a certain age or something, and it just sits there and keeps growing and growing for multiple generations and giving out 10m as new children in the family tree come of age? I hear a lot about generational wealth but I’ve always been curious what kind of mechanisms allow it to truly be generational.
We can tax this, but can’t figure out how to tax billionaires.