MIL Air Force Master Sergeant wins Powerball lottery.

Discussion in 'On Topic' started by brackac, Sep 3, 2005.

  1. brackac

    brackac Fuck all of this. OT Supporter

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    $93.4M Winner Comes Forward!
    A master sergeant assigned to the 58th Training Squadron at Kirtland Air Force Base in Albuquerque, New Mexico has claimed a $93.4 million Powerball jackpot. John San Cartier correctly matched all six numbers drawn on August 10. San chose the $52.2 million lump-sum option. After federal withholding taxes of 25 percent and state withholding taxes of six percent, he will receive a one-time wire transfer of approximately $36 million.
     
  2. ae86drift

    ae86drift (00) × NU.RIOT

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    lucky bastarD!
     
  3. mongorunner

    mongorunner New Member

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    don't you mean newly Ret. Master SGT :mamoru:
     
  4. brackac

    brackac Fuck all of this. OT Supporter

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    I would never live by the clock again.
     
  5. mongorunner

    mongorunner New Member

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    waste 6 million of it and live off the interest of the 30 million:cool:
     
  6. brackac

    brackac Fuck all of this. OT Supporter

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    There are multiple ways to look at it. If he would have taken the 25 annual payments he would have made roughly 2.5 million a year after tax. That comes out to 62 million over the long haul. On the surface taking annual payments looks to be the smartest move, but taking a lump sum, 36 million in this case, and invest it you have the possibility of making substantially more over the long haul when compared to the annual payments.

    The lottery commission is like any other business, and who knows who long it will be around. You can not bet on the lottery being around for the next 25 years for you to receive all of your payments.
     
  7. Ranger-AO

    Ranger-AO I'm here for the Taliban party. Moderator

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    I would pay off all my bills, pay off all my relatives (hey - I gave you a million already - now go away), pay off my ex-wife (hey - I gave you a hundred dollars already - now go away), put a million in long-term savings for each of my sons, and disappear with the rest to an island.

    ...after throwing a party to end all parties for Teh Barracks, of course. :cool:
     
  8. Accord

    Accord New Member

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    If you take the lump sum, you'll still be making almost $1.3 million per year on interest alone. I'd rather be making $1.3 million with $36 million in the bank, than just $2.5 million. Without even investing, you would have made more money than the yearly payments by taking the lump sum and just letting it sit in a bank collecting interest.

    It would be stupid to take the yearly payments for reasons brack stated.
     
  9. el3ment

    el3ment New Member

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    invest some of that money on something to start something. take the opportunity to help your future family by establishing something hehe. and of course with whats going on now i would donate a decent ammount to the katrina victims
     
  10. Ranger-AO

    Ranger-AO I'm here for the Taliban party. Moderator

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    No bigomy for me. And probably no marriage either. I'm pretty sure I'm done with that for life.
     
  11. Ranger-AO

    Ranger-AO I'm here for the Taliban party. Moderator

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    Yeah. The failed marriage, plus some crazy times with my current girlfriend = teh lose. :sadwavey:
     
  12. TRN

    TRN Well-Known Member

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    I am jealous. :)
     
  13. Ranger-AO

    Ranger-AO I'm here for the Taliban party. Moderator

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    Other than death, divorce can be the largest negative impact on a person's finances than anything else you will ever face.

    cliffs:
    for some women, divorce = winning the lottery
    for some men, divorce = financial suicide
     
  14. evan2

    evan2 Guest

    and free medical hahaha.. wonder how many years he had though....
    damn man that will be one day but id rather be younger
    stationed over in the uk now, theydont tax lottery you win what you win
    though i dont thikn there are 93 million dollar ones
     
  15. Ranger-AO

    Ranger-AO I'm here for the Taliban party. Moderator

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    Pretty close. There are some other things that she is honest-to-god around the bend about, though, that make the relationship a lose/lose. I thought we were through all that shit, but lately it's looking like we're not.

    There are some lines that you never cross in a relationship. She wracks up frequent flier miles going across the fucker. :mad:
     
  16. NPH

    NPH Guest

    God damn.. that's one lucky man. He'll be picking up his retirement soon too... shit, fuck that shit! :run: $36M!!! :noes: :eek3:

    I'd take the lump sum in a heartbeat! That's $36M he didn't have.. so what if you lose the other half.. are you going to miss money you never had?!
     

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