ST Alpha - "Mega Millions Payout: Calculate How Much You Will Win Now & After Tax [October 23] -- (link)" (Reading a Post)

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In response to "pretty sure this math is wrong. -- nm" by groiny

Mega Millions Payout: Calculate How Much You Will Win Now & After Tax [October 23] -- (link)

Posted by crash davis (aka crash davis) Oct 23 '18, 14:38

(No message)

https://heavy.com/entertainment/2018/10/mega-millions-payout-calculator-chart-after-tax-october-23/ (heavy.com)

Responses:

seems like quite the scam when you see this shit. - groiny Oct 23, 14:41 10
- one way I did the math on this is I came up with 12.88 million...a far cry from a billion six, but enough to make me happy -- nm - crash davis Oct 23, 14:46
- Money today is worth more than money in the future because I can take it and invest it and grow it. So they discount it accordingly based on - pmb Oct 23, 14:46 4
  - thanks, it is a shock when you hear 1.6 and them you end up with a billion less than that when all said and done. -- nm - groiny Oct 23, 14:47 3
    - then divide it by your 40 pool participants -- nm - crash davis Oct 23, 14:48 2
      - this is why I buy a few solo. -- nm - groiny Oct 23, 14:49 1
        
        but those won't win -- nm - crash davis Oct 23, 14:54
- It would be closer to that if you spread it over the 30 year annuity. - JaxSean Oct 23, 14:42 3
  - the annunity pays out at about 4%, a wealth manager should not only do better than that, but at the end you'll still have your 500million or more - zeitgeist Oct 23, 14:48 1
    - I'd take the yearly payouts. -- nm - JaxSean Oct 23, 14:49
  - Annuity: $24.08M year 1, followed by $25.29M year 2. Then they go up 5% each year. - JaxSean Oct 23, 14:48

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