Friday, April 23, 2010

You're looking at a winner!

This is the dude that just won $258 million dollars yesterday. (Well actually it's $124 million if he takes the lump sum; minus the 6 mil or so he'd pay in state taxes, not to mention federal taxes).

He's young, unlike most lottery winners, so personally I'd take the payout option, where the lottery commission pays you 30 installments over 30 years or whatever.
I don't know the pros/cons of this, I just know that most people take the lump sum. But maybe that's just good ol' American greed for ya', and not some smart money management scheme.

I sincerely hope that the first thing young Chris Shaw does is fix that grill.

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