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Topic	if you won the Powerball, do you think you would go broke?
hmnut7 09/05/25 9:09:02 PM #4:	PiOverlord posted... Annuity is looked down on, but there's some benefit to gentler streams that aren't 1-time. Lump sum is objectively better, but to avoid going broke, I might take the annuity tbh. You could take the Lump sum and then put them in cascading CD's. If it's 20 million, put 1 million in a 20 year CD, 1 million in a 19 year CD, so on and so on. So you would get a million each year plus the interest. --- Starfire: "They are too numerous to fight. What shall we do?" Robin: "Fight anyway!" (pb) <cite>hmnut7 posted [p:986315226] in if you won... [t:81037072]...</cite> <quote>PiOverlord posted... </cite><quote>Annuity is looked down on, but there's some benefit to gentler streams that aren't 1-time. Lump sum is objectively better, but to avoid going broke, I might take the annuity tbh.</quote>You could take the Lump sum and then put them in cascading CD's. If it's 20 million, put 1 million in a 20 year CD, 1 million in a 19 year CD, so on and so on. So you would get a million each year plus the interest. --- Starfire: "They are too numerous to fight. What shall we do?" Robin: "Fight anyway!" (pb)</quote> ... Copied to Clipboard!
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