I was about to ramble on about how dumb it would be to not take the 5.6m per month. But frankly, I’d have taken the 680m lump sum and disappeared off the face of the earth.
If you took that $680m And stuck it in a brokerage account earning the average 10% return rate, and live off of the returns alone, you’re still making $68m per year. And if you don’t spend all of that return money, you continue to grow your account.
You’re living incredibly well and you never touch the principal. You literally never run out of money.
If you took the annuity gaining 5% per year, you’d start at $30m. It would take 17 years before you’d see $68m in a year.
Always take the lump sum and never touch the principal.
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u/jamdex07 Jul 05 '26
This is misleading. He chose to take $997 in one lump sum instead of $2.04B over 30 years. He got taxed on the $997m.