$220M Mega Millions lottery jackpot advice offered

Total BS........  Commision based Financial Planners are worse Thieves  than Lawyers.  They get their commissions upfont so why would they care if the investments they put you in lost you money.   They already got paid........... On to the next sucker.........  If you lose money they just blame it on market conditions, not their investment recomindations that they already got paid on.....this sounds like a spam for Primerica.  Just my oppinion.  Be very carefull investing a large sum of money.  MY best advice. interview many so called financial planners, take you time, make them show you their track record. Heck with that kind of money ask for a guarrenteed return and see what they say. 

Hoping to hit the big one on Friday!

goodluck to all,

Don 

YES ...thanks Todd......this is the stuff i'm looking for,,,,just hope i get to use it someday............

NEVER take the annuity...regardless, that is just the dumbest thing to do and exactly what they want you to do.

HMMM.... You must love where you work. I have 2 issues wih your suggestion... a LOADED mutual fund as opposed to a no load mutual fund.  Who says Primerica is better or as good as Vanguard and Fidelity?  And yes I watch Suze Orman.

Of the 3 advisors I would actually want to work with either Sheryl or Stephanie.  The answers are more in line with the way that I think.  Yes you can find a great advisor but not everyone wants 20% returns.  I wonder how it would be if i bought into AAA muni bonds for the first 5 years with a ladder maturity schedule and then after they all mature rethink how i want to invest.  I would be happy with an income stream of 10k a month with the rest reinevested.  I know the first thing I would buy for myself are bionic hearing aids to replace the ones I have.

A few people have spoke about corporations....anyone know how to do that?

FYI Mr. Informed Showme3,

 There are different ways that fee based planners get paid: 1) some charge a flat UPFRONT fee (so that destoys even your problem with commissioned financial reps); 2) some charge a percentage of the assets you will invest with them (i.e. commission); 3) some charge a combination of the two previous; 4) some charge a sliding scale UPFRONT fee.  All of these compensation types are UPFRONT...people who devote themselves to the financial services profession happen to have living expenses just like everyone else and last time I checked, no one does work for FREE.  As I stated, the issue isn't how a person is compensated.  The issue is whether the person makes appropriate and sound recommendations for one to follow.  FYI those who work for Primerica DO care how their clients portfolios perform.

When I think of fee based planner I think of a FLAT fee not a sliding scale or fee + commission.

If Planner X charges 100k to manage 100million and Planner Y charges 1% of 100million and Planner Z charges 100k + 1%.. I would go with Planner X.  I think us "outsiders" think of commssion based planners as those who get commssion when you buy and sell securities.  I would only want to pay a fee to buy something not pay a fee when something is sold. 

Yes I do love where I work.  Yes I know that Suze Orman as well as a few newspaper financial writers advocate no load mutual funds over load mutual funds.  I used to be on the side of the no load argument...I used to invest with T Rowe Price and diligently read all of the "educational" materials sent to me as well as what is on their website.  I invested according to my risk/time horizon profile.  And during 2000, I watched my nice IRA investment get pared in half and never recover.  The way I look at it, no load equals no help.  When it comes to helping people reach their financial goals, the argument isn't whether mutual funds of a certain company are better than another companies mutual funds (FYI you might want to speak with a Primerica representative to find out how good the mutual fund platform is).  Being properly diversified and being a disciplined investor are key to allowing time for compounding to work for you...and that typically involves people being properly educated about investing.  If I just wanted an investment plan, I would have had to pay at least $500 for it with Vanguard and T Rowe Price and I know of other firms that charge much more than that.  I also met with a Merril advisor and had a complimentary meeting with a T Rowe Price advisor (that is how I know about the $500 investment plan), and I can tell you that I walked out of those meetings not really knowing any more about investing than when I walked in.  Sure I was informed about what they had to offer, but neither of them really educated me about investing.  My question I have for you is this:  Would Suze Orman be willing to meet with you one on one and help you with your finances?  If a person is not willing to do that, then I would just put their advice in the general nice to know category.

"FYI those who work for Primerica DO care how their clients portfolios perform."

What  about Charlie,  the guy who's quitting in 4weeks?   He  might be a great guy with loads ofintegrity, but he certainly doesn't  have a financial incentivebased on the long term results of my  portfolio.  If he canoffer me three choices and one of them puts more money in his pocketthan the others, that's a powerful incentive to point me in thatdirection, especially if he thinks all three choices are good. 

"The issue is whether the person  for one to follow."

That's absolutely true, but the problem is figuring out ahead oftime who's going to make those appropriate and sound recommendations.It's very easy to tell people to go out and find a good advisor, butnot so easy to actually do it. As with any other profession there aregood financial advisors and bad ones, and there are honest ones whowill accept the lower paycheck for giving you better advice,  andthere are some who will give you advice that isn't as goodbecause  it will put a few more bucks in their pocket. Plenty ofadvisors will  offer you honest and excellent advice when they are compensated with  comissions from products they sell you,but there's an awful lot to be  said for advisors who arecompensated based on how well your investment turns out. Failing thatoption, an advisor whose income depends on their advice rather thanwhat they sell makes sense.