Mega Millions jackpot is $243M and I have a feeling some one's going to be the lucky winner tonight! May be it's you or maybe it's me!! Most likely it's me :-) :-)
Jokes aside, I've been running some numbers to see how much of your lottery winnings you take home after tax and boy, they do take a HUGE slice of the pie! (And I'm in Cali where there's no state tax!)
All cash, you walk away with $112,654,800
And annuity, $184,680,000 over 30 years.
Now, if I win a lottery I know I won't last that long with the flamboyant life style (you know what I mean!). So, I would go with the $112M even though it's almost $72M less.
What would you choose?