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I got nothing
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It's a lump sum payment, which is always lower, typically less than half, than the stated amount of the lottery. Besides, as was mentioned. $88.5 million at a conservative 6% appreciation nets $5.31 million in interest income each year. So he can live off of $2.15 million per year and NEVER touch the principle...Nice problem to have...
 

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@ The Islander
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It's a lump sum payment, which is always lower, typically less than half, than the stated amount of the lottery. Besides, as was mentioned. $88.5 million at a conservative 6% appreciation nets $5.31 million in interest income each year. So he can live off of $2.15 million per year and NEVER touch the principle...Nice problem to have...
That would be a struggle for me, but I think I make a few cut backs......:D
 

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I's like to be that sad.
Very true!!! I think I would be able to manage. Forgot that he took the lump sum is belay my last!!
 

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MLC - Mid Life Crisis
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It's a lump sum payment, which is always lower, typically less than half, than the stated amount of the lottery. Besides, as was mentioned. $88.5 million at a conservative 6% appreciation nets $5.31 million in interest income each year. So he can live off of $2.15 million per year and NEVER touch the principle...Nice problem to have...
Will you marry me.
 
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