Live Finale Will Reveal Worth of Treasure - Page 2

maersk · 08-22-2006, 07:04 PM

if i where the geniuses, id sue for a lump sum.............

haha

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psucashcow · 08-23-2006, 08:26 AM

OMG, another annuity. Didn't For Love Or Money dance around the million dollar prize by using an annuity which was basically worth about $15,000/year after taxes? I wonder if you could take a lump sum. At least the Geniuses were using it for education, med school. Very admirable.

Bubba-Jo-Lyn · 08-23-2006, 06:37 PM

Quote:

Originally Posted by luvcures1

I read the fine print.....its 3 million..over 25 years! Its some type of anunity.

I'd take it - where do I sign up.

ShrinkingViolet · 08-23-2006, 07:02 PM

If you split it three ways to the $1,000,000 apiece, it ends up being $40,000 a year for 25 years--pretaxes, of course. It will probably end up half of that amount. Not nearly as appealing as a million dollars, but you know these crazy kids today. This way they can't blow it all at one time.

waitforbigbro · 08-25-2006, 02:05 AM

I saw the fine print too. At first I thought it said 75 years! But I'm sure it's 25. The real winner here is probably Genworth Financial. They got a lot of ad time out of this show,although with the low ratings maybe it wasn't that great of a deal. I did read where the winners can take a lump-sum payout, but it's figured at present value, which means it might be something like $400,000 in cash. I haven't done PV's since college, but I know it's always a big drop down. At least on Survivor you actually get a million.

08-23-2006, 08:26 AM	#12
psucashcow FORT Fogey Join Date: Aug 2003 Location: Pennsylvania ...Is it Spring yet? Posts: 1,831	OMG, another annuity. Didn't For Love Or Money dance around the million dollar prize by using an annuity which was basically worth about $15,000/year after taxes? I wonder if you could take a lump sum. At least the Geniuses were using it for education, med school. Very admirable. __________________ Vote Like Your Life Depended Upon It...Because It Does!!!

08-22-2006, 07:04 PM	#11
maersk FORT Fogey Join Date: Sep 2004 Posts: 996	if i where the geniuses, id sue for a lump sum............. haha

08-23-2006, 07:02 PM	#14
ShrinkingViolet Endlessly Join Date: Oct 2004 Posts: 4,714	If you split it three ways to the $1,000,000 apiece, it ends up being $40,000 a year for 25 years--pretaxes, of course. It will probably end up half of that amount. Not nearly as appealing as a million dollars, but you know these crazy kids today. This way they can't blow it all at one time.

08-25-2006, 02:05 AM	#15
waitforbigbro FORT Fan Join Date: Apr 2003 Posts: 384	I saw the fine print too. At first I thought it said 75 years! But I'm sure it's 25. The real winner here is probably Genworth Financial. They got a lot of ad time out of this show,although with the low ratings maybe it wasn't that great of a deal. I did read where the winners can take a lump-sum payout, but it's figured at present value, which means it might be something like $400,000 in cash. I haven't done PV's since college, but I know it's always a big drop down. At least on Survivor you actually get a million.