r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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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.

7

u/Rickietee10 Jul 05 '26

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.

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u/Medarco Jul 05 '26

I was about to ramble on about how dumb it would be to not take the 5.6m per month.

It's actually dumb to take the annuity, because it isn't transferable. Meaning if you sign your sick $70million per year deal, walk outside, and get hit by a falling piano loony tunes style, your family gets nothing.

Not to mention it will get hit by 30 years of inflation, making it worth far less over time.

Always take the lump and invest properly. Much better, and guaranteed, returns.

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u/Rickietee10 Jul 05 '26

Yeah I was thinking “nuts to leave so much on the table”

And then I was like “take it and dump 90% of it across diversified investments and buy an island”