That's exactly why people should take the annuity because so many go broke taking the lump sum. The annuity will protect yourself from yourself. AND everyone else for that matter. You will only be able to spend so much in one given year and hopefully you get wiser every year and handle the money better
Benjamin Hatchett depends how smart they are. I know some lump cash out winner invest early made more than if they take annuity total. But most ppl r dumb and blow it up . Yea so it depends on how u want to manage money. Honestly if i won alot i take lump for early investment, if i won like only 1m i rather take annuity as that much isnt gonna grow as fast as if i had hundred millions.
You can easily go to a bank and borrow against the annuity so it's not exactly idiot proof as everyone says. The lump sum is the way to go, you can make a fortune off the interest. Better than letting the government hold on to it tax & interest free.
Setup a hold on your lump sum with your wealth management group so your only allowed to spend so much in a yr and if your dumb enough to blow it all, your hold you signed up for them to do will protect you from yourself.... Sign a 3 yr contact so they can deny you from accessing more money..... Say cap your access at $5M a yr for 3 yrs anytime in a given yr you exceed 5 mil your denied access to the rest of your money..... Review your vicious spending habits and sign another contract allowing them to deny funds to you..... Your only protecting your lump sum from yourself....... Besides if you invest in bonds and a few triple A credits from a few companies your return monthly should be 4% that's like 6 figures A MONTH take home without touching your principle!!!! Who can't live on that?
Too bad there is no lotto in my country. The average bond gives 6-10% annually, and the gdp grows by 6% a year. This means one can buy 6% yield government and quasi government bonds together with 10% corporate bonds. Then use the annual income to buy shares, property investments, insurance etc and invest in 2% every 6 month yield fixed deposit bank accounts for short term emergency funds. As well as use a 1.5% compound interest transaction account for day to day use. As inflation is between 3-6% per annum, and our most expensive city is 56% cheaper on average to any American city, then this investment will theoretically set you up for life.
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I’d take it up front ! To TRUST the government to give it to you over 30 years is a stretch ! At some point they are likely to say we can’t pay you . Look up the pension funds in California !
@@edwardlopez9061 Except you've got that reversed. If you take it all out and leave it in a bank account, you're actually losing money to the future. That's why people invest: to beat inflation.
They forgot to mention, the attractive 5% 8% 10% return is usually investing in the stock market, where more than 90% of the investors lose money, careful with wealth managing companies or any other financial adviser, they don't care about you, they only care about their fees and commissions. for example, if you suddenly won the lotto and you were making under 100K per year you don't need a million dollar return per year, Also, learn to say NO to a family business proposals and joint ventures lol... bank interest, CDs, and federal bonds give a lower return but at a much lower risk. Ignorance, greed and not understanding priorities will destroy you.
Agree I remember my cousin called me about her mother who just inherited 800k from my grandfather she was asking if she should invest with a financial advisory in stocks in order to get a 10% return. I asked her how much does her mother spend a month she lives in a home with no mortgage drives a 10 year old Honda civic. Turned out she was spending much less then 10% return on 800k after we ran the numbers she could get a few CD's and only risk 100k in low risk stocks and bonds to give her a lifetime more then double what she was living on with social security. I agree with what your saying greed will only make you broke.
Thus why you only hear mostly about lump sum winners who went broke after a few years, as opposed to the annuity takers who went the private route are who you do not hear about because they are more successful and cautious or more frugal with their winnings.
Another reason in favor of the annuity is if you take the lump sum, and all your friends and relatives know you how much you won, they will expect more from you and will despise you no matter how much you give them. But if you take the annuity, they will be happy with less and won't want to appear ungrateful for fear of losing future payments.
The yearly payment wit the annuity are millions. What's the difference? Why will they be happy with less? They know you have millions. Nobody should know about you winning the lottery anyways.
That's some krazy talk right there. That's not even remotely a valid reason and it doesn't make sense anyway as we are talking about millions here. You'd be a millionaire from the get-go and they know it. You are describing somebody who has personal issues due to their lack of spine. 🙂 Such a person needs to learn to say NO and not tell anybody about their win. Such person is ruled by others.
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch! Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients. The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them. It sounds smart to take the annuity, but it is ironically, the riskiest option.
Yes but you should analyse the annuity the state is offering. If its less than 1-2%, you would be smarter taking a 50/50 bond/equity investment and setting up your own annuity.
Keep your mouth shut. Secrecy will keep you and your family safe. Hire a tax attorney, CPA and estate planner separately. They should not be affiliated with one another. Don't hire them from the same firm and don't take one of their professional referrals. Set up whatever corporation that the tax attorney recommends. Don't let the attorney sell you unnecessary services or steal from you.
In my experience the lawyers are the ones stealing all that damn money. Get a financial advisor and freeze all your damn credit. Live on 20% of the earnings after tax if it's an annuity. People lose it all with grandiose investements. AKGTFT
I feel the same. They all will overcharge since you don't have a clue and will strip you off your money. They are just vultures. Why would ppl need them? The lump some will take the taxes out, and the rest you put in the bank and spend wisely . Generate an interest - that will be taxed ( you do taxes yearly anyway ) and live from that.
@@monis9198 No, the lottery only withholds 24% but the top tax rate is 38%. Therefore an additional 14% to pay Obviously Jason Kurland the lottery lawyer was a scam artist, who is now incarcerated. But an attorney is still of importance for tax minimalising, trust and estate planning as well as asset protection.
increased tax rates over the years + taking loans against the annuity + probability of the dollar weakening over years..lump sum is the way to go,granted the individual knows how to grow and not blow their winnings
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch! Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients. The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them. It sounds smart to take the annuity, but it is ironically, the riskiest option.
Such a great analysis. It’s too true - the dollar value has plummeted dramatically. It really isn’t logical to limit wealth to fiat money. Especially over the long term
I wouldn’t mind taking annuity, but since I’m 22 I would love to just live my life, invest it, place into life insurance, travel, buy a small house and just live life as normal
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch! Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients. The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them. It sounds smart to take the annuity, but it is ironically, the riskiest option.
@Duy Huynh There's no guarantee that the US Dollar will be as strong as it is today. For all we know the country could go bankrupt. we are up to our eyeballs in debt.
I’d take the annuity because if I have one bad year and don’t spend it wisely then I still have more years to come and I 1million or less is good enough to start a business, and u learn to control ur thoughts and emotions because money can get the best out of you, and if u can’t do anything with 1 million dollars than ur obviously not good with money
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch! Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients. The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them. It sounds smart to take the annuity, but it is ironically, the riskiest option.
@@DynamicGracer both can be risky I mean take the lump sum if you are willing to start a small business then hopefully make it into a franchise or also invest in owning apartments houses etc now for annuity should be for those who have no clue on how to spend or better yet have their money work for them if they make mistakes in the 1st year they receive the check then they can learn to not do the same thing however it all depends on that individual
That’s not really the safest. Annuity doesn’t cover 30 years of inflation. Which means you will technically be receiving less value over the years. Not to mention the general push America has for higher taxes on the rich, which would make how much you pay taxes on your annuity most likely higher and higher every year. There is a reason even a professional financial advisor picked the lump sum
@@darencolby1916 Of course the financial guy would take the limp sum, coz he knows what he’s doing. 70% of people lose ALL their lottery winnings in just a few years, and the larger the jackpot, the easier it is to lose, according to this video. No one knows future tax rates or inflation, but who cares when the payments are $1 mil+ per year? You think you’ll be the 30% who doesn’t lose it all in a few years? Why take that chance? Hard to watch where all that $400 mil lump sum is going to.
Going broke after winning huge sum of money only happens if you stay in the states, that’s the paradise of ridiculous taxes! Don’t even look any further, almost 80% percent of your winnings goes to taxes! That’s so ridiculous! Nonsense!!
I realize later; financial advisors always say take the cash not annuity because the financial advisor gets more money up front from the winner, not a good advice my personal opinion. If you have a government that's has a mind set, like Democrats take the annuity taxes to with Democratsin office, if a Republican in office take cash options lower taxes. You have more money in the long run.
Set up an LLC under your name . The LLC buys the winning ticket from you. All winnings go to the LLC. The Math looks so much better ! Corporate tax rate = 12 % OR Personal Tax Rate = 35 - 55% Lawyer takes his/her % of the winnings AFTER you collect .
I'd put $10 million into dividend paying stocks averaging 10% a year so I always have one million dollars coming in. also a million dollar salary will make you eligible for every single loan on the planet. i would take out loans to buy real estate with the rest of the money.
Imagine how much you could borrow if you had $850 million. That's one thing people never talk about and I'm glad to see you did. Just because you have money now, doesent mean you can't still borrow from the bank. Use the banks money, not yours.
The annuity is the safer bet. Its better to save yourself, than to worry about some potential investment calculations that exactly NOBODY is going to follow. So just play it safe....take the guaranteed money over time.
or the really smart ones who take the annuity and invest most of each yearly payout to earn even more income and stay as frugal as they once were and thus why you never hear about them compared to those who took the lump sum and lost it all or lost their life by their own hands or someone else killing them.
If you got $440 million after taxes, why on Earth would you invest it? Nearly half a billion dollars isn't enough money for you? Of course you'd want the money to be safe, and wherever you'd put it (other than under you bed) would return some interest, but if you suddenly became fabulously rich and all you could think of to do with your money is create more money, you are a lame, dull person.
The annuity for sure! Because spending that much money is way too much work. much better to spread the task of spending it over 30 years so you still have time to enjoy it.
Annuity isn’t for sure something could happen id take the lump some and invest it right and make sure I have enough to live off interest just in case my my investment doesn’t work out in the long run
Not if you're rich. The rich get tax cuts, tax breaks, and tax loopholes that are financed by, but not available to, the working poor and middle class.
Fermain Jackson it doesn't matter who you hire when 2008 happens again, or 2001 or 1987. Those CPAs and investment advisors didn't protect anyone then. Another crash will come and if you take the lump sum and have a lot of your money in the market , you will be ready to jump out the window. If you take the annuity you protect yourself from the surprises of the world, you protect yourself from yourself (overspending) and family and friends. You can only lose so much each year. Then you are able to re-up the next year after maybe a bad year
Benjamin Hatchett question, if we take the annuity and the economy crashes hard because of our $19 trillion dollar debt, if states go broke who will pay us the remainder of the annuity?
I’m taking the lump sum & buy my own semi since I’m a truck driver. I don’t need to hire all these people because I know how to safe & I’ll let the truck make me money as if I didn’t win the lottery at all. I’ll get a nice house not a mansion, a car not an exotic car, give my family money ONE TIME. If they can’t invest like I did with the truck then oh well. I don’t need designer clothes, jewelry & etc. I’m 27 & not a damn fool
First you do the tax, whether, its a lump sum or annuity. Then you place it in a foundation, three of the first four years is not liable for taxes. Then you get a lawyer who finds a bum, pay him or her, say, $75k to act as your proxy. Then you charter a jet to Las Vegas. Get a suite. Get some high price hookers. Rest is up to your imagination
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch! Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients. The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them. It sounds smart to take the annuity, but it is ironically, the riskiest option.
Annuities will do better LONG term (if invested think 1-5.9%) if the interest is low. Lump sums will pay out better LONG TERM (if invested) if the interest rates are high (think 6% or so). LONG TERM = 15 years or more. If you are going to invest short term, get lump sum and invest it. The only way to achieve a rate of 6%-10% is investing in equities (stocks) over a long term, and stocks fluctuate greatly but long term grow better (risky though throw 20% bonds in there in case you hit a 5 year depression). Short term investments (bonds) are SAFER but pay off in 2-3%. So if you are young (and financially smart) take the lump sum, if you are young (and financially dumb=95% of population) take the annuity. If you are old, take the lump sum and put it into bonds or GICs. Make sure you designate heirs to avoid probate taxes. Or find out the limit on your tax-free-gifts (state to state) and spread it around to your young heirs with the condition that its invested long term. You can also set up investments that pay off in annuity and you will achieve a much higher rate of return than the state will give you. It all depends on the annuity payouts the state is offering. Ideally, if you are super smart, take the lump sum, use 50-100% to buy income property, manage it, use 40% to invest as above, use 10% to invest in gold...your return will be much higher. And use 10% of it in seed investments to win more "jackpots" but this last recommendation is high high high high high risk. The last thing you would ever do is invest in crypto. Pure lottery.
A common man plays the lottery when he has a few extra bucks, knowing he can turn a small amount into a large amount. A smart man plays the lottery only when the prize is large, for it's mathematically profitable A wise man NEVER plays the lottery, knowing competently, yet unconsciously the depths of prospect theory, loss aversion, and reverse implied odds
Get a team of people that works for you and live off you and when you go broke it wasn’t their fault they were there just to guide you not guarantee to make you rich
Not so simple my friend. The future is uncertain, look at the consumer inflation y/y 8.5%, that's crazy. Also you don't know how hard the mega rich will cracked down with taxes in 7 years due to politics for example. Regardless of the payment method one will live a luxurious life, but the actual buying power in 30 probably is higher with lump sum, when you purchase shares, property & non-depreciating assets over a long time period.
Everyone stop playing these games. Its all a crooked scam. Think about it, its your money and you have to take it over thirty years or get half? They already made the money.
If I win 200 million lottery, I will take annuity for 30 years I don't have to worry about paying a lawyer, cpa and financial adviser, I don't trust them they might RIP me off thanks for the video cheers and hulaluia...
No entiendo nada de numeros soy mayor 76 años no puedo andar boy encarillo de roedas escotel soy mayor no puedo hablar no puedo andar no puedo comer por motivo de la boca no tengo ordenador ni dinero para pagar nada
That's exactly why people should take the annuity because so many go broke taking the lump sum. The annuity will protect yourself from yourself. AND everyone else for that matter. You will only be able to spend so much in one given year and hopefully you get wiser every year and handle the money better
Benjamin Hatchett depends how smart they are. I know some lump cash out winner invest early made more than if they take annuity total. But most ppl r dumb and blow it up . Yea so it depends on how u want to manage money. Honestly if i won alot i take lump for early investment, if i won like only 1m i rather take annuity as that much isnt gonna grow as fast as if i had hundred millions.
You can easily go to a bank and borrow against the annuity so it's not exactly idiot proof as everyone says. The lump sum is the way to go, you can make a fortune off the interest. Better than letting the government hold on to it tax & interest free.
Thank You 😊 New Free Advicers ..
If I Win Lump Cash Follow Your Interactions..!!
Setup a hold on your lump sum with your wealth management group so your only allowed to spend so much in a yr and if your dumb enough to blow it all, your hold you signed up for them to do will protect you from yourself.... Sign a 3 yr contact so they can deny you from accessing more money..... Say cap your access at $5M a yr for 3 yrs anytime in a given yr you exceed 5 mil your denied access to the rest of your money..... Review your vicious spending habits and sign another contract allowing them to deny funds to you..... Your only protecting your lump sum from yourself....... Besides if you invest in bonds and a few triple A credits from a few companies your return monthly should be 4% that's like 6 figures A MONTH take home without touching your principle!!!! Who can't live on that?
Too bad there is no lotto in my country.
The average bond gives 6-10% annually, and the gdp grows by 6% a year.
This means one can buy 6% yield government and quasi government bonds together with 10% corporate bonds.
Then use the annual income to buy shares, property investments, insurance etc and invest in 2% every 6 month yield fixed deposit bank accounts for short term emergency funds. As well as use a 1.5% compound interest transaction account for day to day use.
As inflation is between 3-6% per annum, and our most expensive city is 56% cheaper on average to any American city, then this investment will theoretically set you up for life.
Dude is bold. Asked her out on live television.
No only if she won... He wants some cash
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@@kickedandbacked1120 dammn lol
Asked her to pay too, a true feminist.
I’d take it up front ! To TRUST the government to give it to you over 30 years is a stretch ! At some point they are likely to say we can’t pay you . Look up the pension funds in California !
agreed. plus in economics there's a term called the "present value of money" meaning that $1 today will be worth FAR MORE than $1 in the future.
@@edwardlopez9061 Except you've got that reversed. If you take it all out and leave it in a bank account, you're actually losing money to the future. That's why people invest: to beat inflation.
patricia, the government does not pay out lottery winnings.
They forgot to mention, the attractive 5% 8% 10% return is usually investing in the stock market, where more than 90% of the investors lose money, careful with wealth managing companies or any other financial adviser, they don't care about you, they only care about their fees and commissions.
for example, if you suddenly won the lotto and you were making under 100K per year you don't need a million dollar return per year, Also, learn to say NO to a family business proposals and joint ventures lol... bank interest, CDs, and federal bonds give a lower return but at a much lower risk.
Ignorance, greed and not understanding priorities will destroy you.
Agree I remember my cousin called me about her mother who just inherited 800k from my grandfather she was asking if she should invest with a financial advisory in stocks in order to get a 10% return. I asked her how much does her mother spend a month she lives in a home with no mortgage drives a 10 year old Honda civic. Turned out she was spending much less then 10% return on 800k after we ran the numbers she could get a few CD's and only risk 100k in low risk stocks and bonds to give her a lifetime more then double what she was living on with social security. I agree with what your saying greed will only make you broke.
julio chavarria - Thank You 😊 So much
Thus why you only hear mostly about lump sum winners who went broke after a few years, as opposed to the annuity takers who went the private route are who you do not hear about because they are more successful and cautious or more frugal with their winnings.
Another reason in favor of the annuity is if you take the lump sum, and all your friends and relatives know you how much you won, they will expect more from you and will despise you no matter how much you give them. But if you take the annuity, they will be happy with less and won't want to appear ungrateful for fear of losing future payments.
The yearly payment wit the annuity are millions. What's the difference? Why will they be happy with less? They know you have millions. Nobody should know about you winning the lottery anyways.
That's some krazy talk right there. That's not even remotely a valid reason and it doesn't make sense anyway as we are talking about millions here. You'd be a millionaire from the get-go and they know it. You are describing somebody who has personal issues due to their lack of spine. 🙂 Such a person needs to learn to say NO and not tell anybody about their win. Such person is ruled by others.
I would take the Annuity even though I'm pretty good with my money now, to protect myself from myself and others.
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch!
Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients.
The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them.
It sounds smart to take the annuity, but it is ironically, the riskiest option.
Yes but you should analyse the annuity the state is offering. If its less than 1-2%, you would be smarter taking a 50/50 bond/equity investment and setting up your own annuity.
Only take Annuity if I can say what i get yearly not the state or government
Same
@@johnspence8141 the powerball and mega millions annuity payments increase 5% every year.
Keep your mouth shut. Secrecy will keep you and your family safe. Hire a tax attorney, CPA and estate planner separately. They should not be affiliated with one another. Don't hire them from the same firm and don't take one of their professional referrals. Set up whatever corporation that the tax attorney recommends. Don't let the attorney sell you unnecessary services or steal from you.
Live off the interest and you’ll never go broke. Don’t spend the principal money. Let the money earn money.
I'm not tryna be old and broke. People gotta think 30 years down the line(not 30 months)
Legend says he still waiting for her to take him out to lunch
In my experience the lawyers are the ones stealing all that damn money. Get a financial advisor and freeze all your damn credit. Live on 20% of the earnings after tax if it's an annuity. People lose it all with grandiose investements. AKGTFT
I feel the same. They all will overcharge since you don't have a clue and will strip you off your money. They are just vultures. Why would ppl need them? The lump some will take the taxes out, and the rest you put in the bank and spend wisely . Generate an interest - that will be taxed ( you do taxes yearly anyway ) and live from that.
@@monis9198 No, the lottery only withholds 24% but the top tax rate is 38%. Therefore an additional 14% to pay
Obviously Jason Kurland the lottery lawyer was a scam artist, who is now incarcerated. But an attorney is still of importance for tax minimalising, trust and estate planning as well as asset protection.
Never take the annuity. Why? Rule of 72.
I would take the Annuity for a such a sizable prize. If the prize was less than $10 million, then I would do the Lump Sum.
take cash, tomorrow isn't promised. nuff' said
The annuity because of the high percentage of people who lose it all.
Annuity + Investments + live on a Fixed budget you set for yourself = Good to go for life
increased tax rates over the years + taking loans against the annuity + probability of the dollar weakening over years..lump sum is the way to go,granted the individual knows how to grow and not blow their winnings
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch!
Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients.
The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them.
It sounds smart to take the annuity, but it is ironically, the riskiest option.
Such a great analysis. It’s too true - the dollar value has plummeted dramatically. It really isn’t logical to limit wealth to fiat money. Especially over the long term
I wouldn’t mind taking annuity, but since I’m 22 I would love to just live my life, invest it, place into life insurance, travel, buy a small house and just live life as normal
Joe Luis - I'm 25 now ..
Absolutely Dude I will do this also••
and I'll Must help For Orphanage.. Kids.Until My Life END.😊
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch!
Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients.
The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them.
It sounds smart to take the annuity, but it is ironically, the riskiest option.
@Duy Huynh There's no guarantee that the US Dollar will be as strong as it is today. For all we know the country could go bankrupt. we are up to our eyeballs in debt.
@Duy Huynh You spoke of Covid then why did you suggest buying property for rent when the government is forgiving people having to pay rent?
I don't need Lawyers or financial advisors all I need is a coffee date with Heather 🎉🎉
I’d take the annuity because if I have one bad year and don’t spend it wisely then I still have more years to come and I 1million or less is good enough to start a business, and u learn to control ur thoughts and emotions because money can get the best out of you, and if u can’t do anything with 1 million dollars than ur obviously not good with money
I'll take the annuity.
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch!
Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients.
The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them.
It sounds smart to take the annuity, but it is ironically, the riskiest option.
@@DynamicGracer both can be risky I mean take the lump sum if you are willing to start a small business then hopefully make it into a franchise or also invest in owning apartments houses etc now for annuity should be for those who have no clue on how to spend or better yet have their money work for them if they make mistakes in the 1st year they receive the check then they can learn to not do the same thing however it all depends on that individual
Basically the safe thing to do is to take the annuity. So weird so many take the lump sum
That’s not really the safest. Annuity doesn’t cover 30 years of inflation. Which means you will technically be receiving less value over the years. Not to mention the general push America has for higher taxes on the rich, which would make how much you pay taxes on your annuity most likely higher and higher every year.
There is a reason even a professional financial advisor picked the lump sum
@@darencolby1916 Of course the financial guy would take the limp sum, coz he knows what he’s doing. 70% of people lose ALL their lottery winnings in just a few years, and the larger the jackpot, the easier it is to lose, according to this video. No one knows future tax rates or inflation, but who cares when the payments are $1 mil+ per year? You think you’ll be the 30% who doesn’t lose it all in a few years? Why take that chance? Hard to watch where all that $400 mil lump sum is going to.
Going broke after winning huge sum of money only happens if you stay in the states, that’s the paradise of ridiculous taxes! Don’t even look any further, almost 80% percent of your winnings goes to taxes! That’s so ridiculous! Nonsense!!
Haha damn 80%? That's a lot of money being wasted
Don't scanned the nothing me not like that you hreally OK
I don’t trust lawyers!
Annuity easy peasy. Take the first year off to mess around and after that, invest, invest and own a few investment properties!
lump because states can default
That is what was in my mind too
I realize later; financial advisors always say take the cash not annuity because the financial advisor gets more money up front from the winner, not a good advice my personal opinion. If you have a government that's has a mind set, like Democrats take the annuity taxes to with Democratsin office, if a Republican in office take cash options lower taxes. You have more money in the long run.
Set up an LLC under your name . The LLC buys the winning ticket from you. All winnings go to the LLC. The Math looks so much better ! Corporate tax rate = 12 % OR Personal Tax Rate = 35 - 55%
Lawyer takes his/her % of the winnings AFTER you collect .
Detectiv scams ruiz and other people who don't like you
I'd put $10 million into dividend paying stocks averaging 10% a year so I always have one million dollars coming in. also a million dollar salary will make you eligible for every single loan on the planet. i would take out loans to buy real estate with the rest of the money.
Imagine how much you could borrow if you had $850 million. That's one thing people never talk about and I'm glad to see you did. Just because you have money now, doesent mean you can't still borrow from the bank. Use the banks money, not yours.
The annuity is the safer bet. Its better to save yourself, than to worry about some potential investment calculations that exactly NOBODY is going to follow. So just play it safe....take the guaranteed money over time.
If ur smart, lump cash can be invested early for more than wat u can end up with annuity. So it depends if ur good at imvestments
or the really smart ones who take the annuity and invest most of each yearly payout to earn even more income and stay as frugal as they once were and thus why you never hear about them compared to those who took the lump sum and lost it all or lost their life by their own hands or someone else killing them.
If you got $440 million after taxes, why on Earth would you invest it? Nearly half a billion dollars isn't enough money for you? Of course you'd want the money to be safe, and wherever you'd put it (other than under you bed) would return some interest, but if you suddenly became fabulously rich and all you could think of to do with your money is create more money, you are a lame, dull person.
IF U WIN......!!
TELL NO ONE
GET THE ANNUITY
INVEST,INVEST,INVEST
SAVE,SAVE
N
SPEND ON HEALTH
N WELLBEING
1 ST.
You know some states don’t allow you to win privately. Which I find sucks cause then everyone knows you won
30 years is a long time, they won’t forget to pay me right??
I would take the lump sum. U don’t know if u will be alive for the next 30 days let alone 30 years. Take the money and run.
What will you Do -: Question
What I will Do I Take The Money And Run 🏃 😂😂😂😂😂
At sixty five years old; I would take the lump sum because I don’t expect to be living into the nineties!
Lump sum for me. I’d buy real estate and get to work. Apartment complexes.
If i dont want a check can they give the money in cash
The annuity for sure! Because spending that much money is way too much work. much better to spread the task of spending it over 30 years so you still have time to enjoy it.
Mo money mo problems. I'll Take the Annuity
Who’s watching this on 11/7? 1.9 billion dollar jackpot tonight!
Annuity isn’t for sure something could happen id take the lump some and invest it right and make sure I have enough to live off interest just in case my my investment doesn’t work out in the long run
I find it incredible no one , especially the financial wealth manager didn't bring up taxes !! Taxes can kill you
he did
Not if you're rich. The rich get tax cuts, tax breaks, and tax loopholes that are financed by, but not available to, the working poor and middle class.
0:55 people who drink Surge would take the annuity. Let that sink in.
Id take the lump sum... I just dont trust the government: State or Federal.
I'll hire a financial advisor, CPA and a tax lawyer to find out how to invest such an amount of 💰 💰 💰💰💰
Fermain Jackson it doesn't matter who you hire when 2008 happens again, or 2001 or 1987. Those CPAs and investment advisors didn't protect anyone then. Another crash will come and if you take the lump sum and have a lot of your money in the market , you will be ready to jump out the window. If you take the annuity you protect yourself from the surprises of the world, you protect yourself from yourself (overspending) and family and friends. You can only lose so much each year. Then you are able to re-up the next year after maybe a bad year
That is correct but invest like 15million spread out with the lump sum and buy half of what you made in precious metals, oil, property.
Benjamin Hatchett question, if we take the annuity and the economy crashes hard because of our $19 trillion dollar debt, if states go broke who will pay us the remainder of the annuity?
That money was already raised from the ticket sales
Overall annuity>lump sum
I’m taking the lump sum & buy my own semi since I’m a truck driver. I don’t need to hire all these people because I know how to safe & I’ll let the truck make me money as if I didn’t win the lottery at all.
I’ll get a nice house not a mansion, a car not an exotic car, give my family money ONE TIME. If they can’t invest like I did with the truck then oh well. I don’t need designer clothes, jewelry & etc. I’m 27 & not a damn fool
I take it annuity is what I took
Do I call them
First you do the tax, whether, its a lump sum or annuity. Then you place it in a foundation, three of the first four years is not liable for taxes. Then you get a lawyer who finds a bum, pay him or her, say, $75k to act as your proxy. Then you charter a jet to Las Vegas. Get a suite. Get some high price hookers. Rest is up to your imagination
2:17 same habits, bigger mess.
classic UA-cam comment. Good Job.
I am 65 years old and have cardiomyopathy. Of course I would take the lump sum. I won't live 30 more years.
Lump Sum~ rather get taxed once and invest it
I took lump sum I want to claim my annuity
Lump sum(guaranteed).. annuity and the state you buy goes bankrupt: 🤔😢🤒💀⚰️....
i'd take the payments also.
The 30 year annuity is by far the riskiest option, as ALL the money goes into US dollars spread over many years! Ouch!
Take the lump sum and buy gold and silver, real estate, stocks, foreign stocks and currencies, luxury items even, and a large food supply, and put some away in trust funds and even other riskier investments. DO NOT trust the U.S. Dollar alone as a safe haven for maintaining your wealth into the future, as it is no longer backed by anything at all (it's just paper!). Even though it used to be backed by gold, the dollar has lost %96 of its value in the last 100 years. Instead, put that money into something that is real that will maintain its value into the future. Remember, prices aren't really going up, the purchasing power of the dollar is going down. The reason why stocks "go up" by %10 per year, is often because it takes more worthless dollars to buy shares of those stocks (The dollar is worthless). If a Little Caesar's pizza is $10 in 2029, it's probably because everything else is expensive too, and NOT because they are using better ingredients.
The video says that all 15 people have taken the lump sum, but what it doesn't tell you is that most people initially wanted the annuity before being talked out of it by people that were smarter than them.
It sounds smart to take the annuity, but it is ironically, the riskiest option.
@@DynamicGracer good Lord! Is your advice available in paperback?
Only a greedy idiot will take a lump sum. That's why 70% go broke
Annuities will do better LONG term (if invested think 1-5.9%) if the interest is low. Lump sums will pay out better LONG TERM (if invested) if the interest rates are high (think 6% or so). LONG TERM = 15 years or more. If you are going to invest short term, get lump sum and invest it. The only way to achieve a rate of 6%-10% is investing in equities (stocks) over a long term, and stocks fluctuate greatly but long term grow better (risky though throw 20% bonds in there in case you hit a 5 year depression). Short term investments (bonds) are SAFER but pay off in 2-3%.
So if you are young (and financially smart) take the lump sum, if you are young (and financially dumb=95% of population) take the annuity. If you are old, take the lump sum and put it into bonds or GICs. Make sure you designate heirs to avoid probate taxes. Or find out the limit on your tax-free-gifts (state to state) and spread it around to your young heirs with the condition that its invested long term. You can also set up investments that pay off in annuity and you will achieve a much higher rate of return than the state will give you. It all depends on the annuity payouts the state is offering.
Ideally, if you are super smart, take the lump sum, use 50-100% to buy income property, manage it, use 40% to invest as above, use 10% to invest in gold...your return will be much higher. And use 10% of it in seed investments to win more "jackpots" but this last recommendation is high high high high high risk. The last thing you would ever do is invest in crypto. Pure lottery.
A common man plays the lottery when he has a few extra bucks, knowing he can turn a small amount into a large amount.
A smart man plays the lottery only when the prize is large, for it's mathematically profitable
A wise man NEVER plays the lottery, knowing competently, yet unconsciously the depths of prospect theory, loss aversion, and reverse implied odds
it's mathematically profitable at any stage. imagine turning a $2 lottery ticket to $20 million
It would be nice if the people you hire worked for you but they will work for their own best interest.
Yeah, and that team of people will end up trying to take it from you..
Due my distrust of government I am taking the lump sum & I want it in gold.
What is wrong with that comparison? It is flawed. I bet you that financial advisor has no clue.
Get a team of people that works for you and live off you and when you go broke it wasn’t their fault they were there just to guide you not guarantee to make you rich
Here because Powerball is now at $1.9 billion!
I'm very sorry to be able to say this:
I have much more faith in me being able to manage the money
the my government being able to pay me my money
Can't belive some people go broke after winning..
I am 62 lump sum If I were in my 20s to 40s annuity for sure
I will take lumps sum because 67 yrs.older plus if you young u never know when Heavenly Father call u to sleep
Lump sum for me..give me money now..
Definitely the annuity, no brainer, at least you know you have money coming in for the next thirty years.
If you catch a felony all that money is gone
Not so simple my friend. The future is uncertain, look at the consumer inflation y/y 8.5%, that's crazy. Also you don't know how hard the mega rich will cracked down with taxes in 7 years due to politics for example. Regardless of the payment method one will live a luxurious life, but the actual buying power in 30 probably is higher with lump sum, when you purchase shares, property & non-depreciating assets over a long time period.
Everyone stop playing these games. Its all a crooked scam. Think about it, its your money and you have to take it over thirty years or get half? They already made the money.
Yeah all forms of income are taxed, whats your point?
Like the guy said..take the 💰 and run
Either take the annuity or lump sum and buy gold or crypto. I wouldn't trust the stock market.
If I win 200 million lottery, I will take annuity for 30 years I don't have to worry about paying a lawyer, cpa and financial adviser, I don't trust them they might RIP me off thanks for the video cheers and hulaluia...
Best way it’s lump sum
I'll take the lump sum.
Always take the annuity
Annuity for me!
Make sure I pay uncle Sam taxes. I am not going to jail over no money 💰😭
Good morning America 🇺🇸
I'll take the lump sum 😁 worry about the taxes all at once rather than in the next 30 years.
They say most will be broke in a few years. I take that challenge. I most likely die in a few days from just eating tacos. Lol
All these interviews and none are really useful...why dont u introduce a good trusted financial advisor, lawyer, and CPA instead?
annuity is what I got I would to get it
Think 🤔 Properly! And Take Care Of Your Every Cent! 🤑
I'll pay the tax
Im NEXT
Limping key 🧔
Para Jaén Capital para pagar todas las trampas que devon para mí Jaén Capital Polígono Del Valle de Andalucía
No entiendo nada de numeros soy mayor 76 años no puedo andar boy encarillo de roedas escotel soy mayor no puedo hablar no puedo andar no puedo comer por motivo de la boca no tengo ordenador ni dinero para pagar nada
I know how to save money
Limp sum
Oops sorry limp of sigar
778
Lump sum. Buy bitcoin lol
Das war
E de mais
First i must win
I would have a heart attack if I won so it really doesn't matter. Thanks Obama.
What does Obama have to with anything? Suppose Orange man is your guy?
Do I call them