General Discussion

SheilaT

(23,156 posts)

40. Thank you. I had it fixed in my head that it was 20 years, because

Sun Jan 10, 2016, 04:13 PM

Jan 2016

originally that was the payout period. You can tell I don't pay a lot of attention to this since I was so blissfully unaware of the change of payout period. According to Wikipedia it went from 20 to 25 annual payments late in 1997, but doesn't tell me when it went to 30.

Which actually means taking the 30 year payout makes even more sense than the lump sum because the tax penalty is also spread out.

Again, thank you for setting me straight on this.

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No one won Powerball. Next Wednesday's drawing... $1.3 BILLION [View all] NightWatcher Jan 2016 OP

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Why do you keeping writing 20 years? Snobblevitch Jan 2016 #38

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