...assuming he's so stupid he can't figure out how to MAKE some money by having the smaller amount, but all right now.
Posted on 01/15/2016 2:43:21 PM PST by Cecily
NASHVILLE, Tenn. — A small-town warehouse supervisor turned in one of three tickets splitting the world-record $1.6 billion Powerball jackpot on Friday, and swiftly announced that he would take his money now, giving up hundreds of millions of dollars in the future.
But John Robinson and his wife, Lisa, said they won't stop working and won't make any wild purchases. They'll pay off their mortgage and their daughter's student loans, but have no desire to move from their small, gray, one-story house into a luxurious compound somewhere.
(Excerpt) Read more at ajc.com ...
The store that sold it is one of our customers
Will there even be a U.S. dollar 5-10 years from now? if I won, I would take the lump-sum too.
The lump sum was a smart decision. Going public with his identity was not.
...assuming he's so stupid he can't figure out how to MAKE some money by having the smaller amount, but all right now.
They can make the same “Hundreds of millions” if they invest it. It’s what the Lottery does. If the Lottery had all the cash on hand, they could lump sum the whole amount.
I'm of two minds on this. One way is to stay as anonymous as possible, but if he's famous, it could work also. It's worked for Hillary all these years. She's not in jail.
With all the nut cases and people with less than honest intentions, I sure hope he’s ready for the onslaught.
Noting that the statistical destiny of probably more than half of all lottery winners is to file for bankruptcy, it would probably have been wiser for this winner to accept multiple payments instead of taking the winnings all at once. Proverbs 17:16 comes to mind.
Stupid liberal writer. Liberals don’t understand simple math much less financial complexities.
An up front lump sum is based on present future value. And you are clear on the amount of taxes taken now instead of what a-hole politicians will do with the tax code in the future.
Also, if some is invested wisely, they will make MORE than taking it over time.
God I hate liberals.
I heard him quoted as saying, "You can't guarantee tomorrow."
He intends to tithe a good bit to his church and keep on working. Sounds like a nice guy to have a beer with.
Now that he’s known he’s going to have to move from his little house for his own safety.
Then again, what the government giveth, the government can taketh away, better get what you can now.
its not like the cash is stacked in his back bedroom.
The Donald should send one of his finance wizards over and show this guy how to protect his fortune.
wait for him to pay
You have to go public in most states. However, once you change your name and die your hair and put on a hat and glasses, nobody would recognize you.
He’s stupid for keeping his job. I think that decision wont last long with the tension that will exist.
No, but a kidnapper could hold a member of his family for ransom.
.
His employer may not want him to continue working if disruptions and security concerns begin. Furthermore, somebody else surely needs that job more than he does now. The Robinsons can stay productive in other ways.
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