Grandma's lottery ticket detour pays offPrevious TopicNext Topic

Todd,

We need a vaccination for LP members. Whatever Cash has, it seems to be spreading!

$100 a week is a lot. 

It's OK in small doses however.  CO's problem was that it was a non-stop cavalcade of negative, sarcastic posts that drove most of us nuts. 

I've got to make a detour down into Indiana...here's hoping my detour pays off!

My observation was merely a natural one...although none of us know the number of years we each individually will ultimately live, the chances that someone in there 30s or 40s will live 20+ years is perhaps a bit greater than someone in their 70s and 80s.  I know that there are people who live to be in the hundreds, but if you look at the population in general, there are more people aged 50 - 70 than there are people in the age range of 90 - 110.  Just a simple observation.  Of course, she could end up living to be 115.  Who knows?  Only God knows!

As for my statement on the spending...even if I were a multi-millionaire TODAY, I would only consider spending $200 tops on lottery tickets IN A SINGLE MONTH.  She spends $400 per month, so that is why I said what I said...not being judgemental...just saying what I would do.

and I meant their instead of there...yes, I did perform quite well in English and grammar.

Don't apologize for spelling errors, Old School, although you and I have those concerns in common!  Many members here who are intelligent often write "your" instead of "you're' or much worse (like to instead of too or then instead of than.)  Those are some of the most common mistakes.  I notice it all the time, but I wouldn't want someone to go through my posts and point out all of my errors, because I'm sure there are more than I realize.  The word "it's" (it is)  instead of its is my biggest pet peeves when I read the paper, since professional journalists should be more careful. However, it would take much too long to post comments if everyone had to watch every word he/she writes. Forums are supposed to be fun and a form of entertainment, right?

(By the way,since you brought it up....judgment only has one e, although many people will disgree with me, especially those who use the word irregardless.  LOL ) 

I understand what you were saying about the woman's age.  I was just joking, since I turned 56 last week, so now I'm closer to 60 than 50.  I still think someone who is older might consider turning over any "For Life" ticket to a younger family member. Maybe that's my practical side speaking, but I'd always want to get the most out of the State Lottery!  Let's say I win one of the FL instant games that pays $50,000/yr for life.  I then give the ticket to my married daughter & her spouse who claim the prize and pay the taxes on it. They each send me $12,000 a year (which to me would be tax free income) so I now have an extra $2,000 a month to spend.  Being a gift, the $2,000 a month doesn't have any effect on my other income (such as social security, pensions, wages earned, etc.)  Depending on their tax bracket, they'd only end up with about $13,500 ($37K - $24K) but they will receive that money for the rest of their lives and, after I die, they'll be able to enjoy the entire annual payment and they can choose to send gifts to their children.  This is what makes sense to me, even giving the ticket to a grandchild if he/she is of age, but we all have different ways of looking at money.