lovedread
hell is other people
- Jan 2, 2020
- 213
Probably yeah. The issue is no one loves me. Id just donate money directly to ppl. Eat out a lot, go to jamaica then kms
AmericanMary
Mage
- Apr 30, 2024
- 599
I think MAYBE not. If I could use this to move to another country & start a brand new life & use it tk help CHANGE humanity, I think that this would be a temporary fix, but eventually, I would end up CTBing.
dreamfloat
Member
- Apr 22, 2024
- 52
I think I wouldn't anymore. Stress is the main issue for me, without the stress of having to work, I could just relax and sleep all day forever.
But it's a hypothetical of something that will never happen, sadly.
But it's a hypothetical of something that will never happen, sadly.
DeadManLiving
Ticketholder
- Sep 9, 2022
- 284
I'd have to build a collective working group of subject matter experts on near and long-term critical issues for the best possible disposition of the funds. And then maybe another working group and put together an estate trust funds accounts funding endowments for the most judicious, necessary or Noble causes (like medical imaging, academia, Neuroscience research grant funding, etc...). And then I'd see CTB after all of the funds were properly disposed.
If I won the lottery I won't have to work or do anything anymore, I'd probably just travel and buy things or start new hobbies look for some things to distract me. I don't think it'll give me a will to live but it can make my situation easier which would probably extend my life for a period of time. Until I get depressed again for one reason or the other. either way I don't see myself living to old age 80+ Imma be dead way before that
DarkRange55
I am Skynet
- Oct 15, 2023
- 1,841
1. If you are in the middle of receiving them annually, and you pass on, do your heirs then receive it?
whoever inherits it in a will or the estate will be taxed on it.
2. I read it's generally better to take the lump sum because even though you don't get the tax deductions, you can invest the winning for a higher return?
As for the lottery winnings, if you take it in one lump sum it is 50% of the winnings vs. an annuity over time. If you take it all at once, it will push you into a higher tax bracket.
every case is different. I would take the annuity and move to a less taxing state.
Just as an example, not where I live but, state tax savings of not being a MN resident could save someone 9.85% every year if they are not a resident. So, that tax savings could be invested every year. WA for example doesn't have state income tax but rather a B&O tax.
You also have to consider that by taking the lump-sum option has a discount associated with taking it as the annuity payment stream pays out with some reasonable interest factor.
You would also not spend the kiddy if you got it all at once.
Just my two cents.
whoever inherits it in a will or the estate will be taxed on it.
2. I read it's generally better to take the lump sum because even though you don't get the tax deductions, you can invest the winning for a higher return?
As for the lottery winnings, if you take it in one lump sum it is 50% of the winnings vs. an annuity over time. If you take it all at once, it will push you into a higher tax bracket.
every case is different. I would take the annuity and move to a less taxing state.
Just as an example, not where I live but, state tax savings of not being a MN resident could save someone 9.85% every year if they are not a resident. So, that tax savings could be invested every year. WA for example doesn't have state income tax but rather a B&O tax.
You also have to consider that by taking the lump-sum option has a discount associated with taking it as the annuity payment stream pays out with some reasonable interest factor.
You would also not spend the kiddy if you got it all at once.
Just my two cents.
Mebius
Student
- Jun 13, 2024
- 184
Com4tablyNumb.
Member
- Mar 9, 2024
- 7
DarkRange55
I am Skynet
- Oct 15, 2023
- 1,841
After the funds were distributed, I would put them into a trust. Not before. Trust's ordinary income are taxed at an overall higher rate and I don't think future lottery winnings distributed to an irrevocable Trust is permitted unless the winner is dead.
KillingPain267
Enlightened
- Apr 15, 2024
- 1,422
derpyderpins
In the Service of the Queen
- Sep 19, 2023
- 1,852
redeeming_butterfly
Life is no more beautiful than its cruelest suffer
- May 15, 2024
- 90
Yes, but I would change the method and hire a hitman to kill me with a clean rear naked blood choke.
Cress
Arcanist
- Oct 15, 2023
- 418
Yeah I think it would delay things for myself and probably most people. Eventually you would grow used to it and desensitize. Then you would be back to square one with whatever issues brought you to wanting to catch the bus. Your brain just normalizes whatever oddity enters your life. You could travel everywhere on a private jet but eventually you would become as mundane as traveling on a bus
ms_beaverhousen
-terminally sad-
- Mar 14, 2024
- 1,271
I don't think it would buy me a few years to set my family up, and I'd be tempted to spend some on myself, but probably just two years max. Money can only solve so much. Can't erase the past mistakes, lost time, guilt, shame, etc... Can only hold pessimism, anxiety, neurosis, depression, ocd, avolition, abulia, adhedonia, etc. at bay for so long.
Interesting to see that so many people say "No." that it wouldn't change their mind and if it did, it only be temporary. That's sad, and says a lot about our society.
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