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Kellogg's worker won't change much after winning $1M lottery jackpot
Georgia Lottery: Kellogg's worker won't change much after winning $1M lottery jackpot
Nancy Edwards headed to work $1 million richer this afternoon. Edwards, a Cave Spring, Georgia, resident employed at the Kellogg's plant in Rome, received a check today for winning the Georgia Lottery scratch-off game Cash Explosion then headed to her job at the plant. The presentation was held during her lunch break at the Kangaroo station located at 3131 Maple St. in Lindale where Edwards purchased the $10 ticket from clerk, and friend, Tia Frick. "I'm so happy that I sold the $1 million winner to someone I know who's from here," Frick said. Edwards said that after scratching the ticket, she excitedly showed it to Frick. "I was laughing, crying and my knees were shaking," she said. Edwards won the fifth of 10 $1-million prizes from the Cash Explosion game, which premiered in January. After about 32 percent taxes, she will receive $34,500 per year for 20 years. Edwards and her husband, Roger, have four children and eight grandchildren. They plan to take a vacation to Hawaii but don't expect to make major changes to their day-to-day lives. Of course, family members may have other plans — grandson Avery Hall has already asked for a new skateboard. 
Ron Shaver with the Georgia Lottery presents a check to Cave Spring couple Nancy and Roger Edwards.
Rome News-Tribune
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10 comments. Last comment 1 year ago by .
New Member  Langston United States Member #61078 April 24, 2008 4 Posts Offline |
| Posted: June 4, 2008, 1:59 pm - IP Logged |
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Congrats to her for winning and going back to work. I always said if I won I would quit my job and invest and enjoy life. I would give the job a month notice notice though before I quit.
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MI United States Member #55299 August 31, 2007 731 Posts Offline |
| Posted: June 4, 2008, 2:32 pm - IP Logged |
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Good for them and for a million dollar annuity life shouldn't change that much anyway. It should be used to fund their retirement, hopefully they don't do something stupid and then fall for the annuity selling scam. With odds like 1 in 175,711,536 how can I lose?!
You can't predict random.
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Norway Member #9692 December 10, 2004 801 Posts Offline |
| Posted: June 4, 2008, 2:38 pm - IP Logged |
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That's probably smart. She didn't win enough to retire.
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I dont know where United States Member #1736 June 18, 2003 103 Posts Offline |
| Posted: June 4, 2008, 3:51 pm - IP Logged |
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Nice to have alittle cash in the bank now she don't have to work any overtime for now...... I hope she choose cash option....  Like a Rock
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United States Member #59008 February 18, 2008 666 Posts Offline |
| Posted: June 4, 2008, 4:01 pm - IP Logged |
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Nice to have alittle cash in the bank now she don't have to work any overtime for now...... I hope she choose cash option.... I don't think there was a cash option.The article said that she gets an annuity payment for 20 years,not enough to live on,though.It will make life a little easier for her and her family.
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Houston,TX United States Member #35595 March 13, 2006 54 Posts Offline |
| Posted: June 4, 2008, 4:43 pm - IP Logged |
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I don't think there was a cash option.The article said that she gets an annuity payment for 20 years,not enough to live on,though.It will make life a little easier for her and her family. It seems like the person did not read the ENTIRE article. You know what's funny i was thinkg based onthe subject that it was a lump sum win. After tax win of almost 3k per month is a nice sum. I would max out my retirment Roth IRA contributionand pay off the mortgage and eat out at a nice place once a month.
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Idaho United States Member #56982 November 21, 2007 2955 Posts Offline |
| Posted: June 4, 2008, 4:51 pm - IP Logged |
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Congrats to her! I'm sure the money will is a blessing to her. "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."
ThatScaryChick
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NY United States Member #24178 October 16, 2005 1603 Posts Offline |
| Posted: June 5, 2008, 1:18 am - IP Logged |
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That's probably smart. She didn't win enough to retire. Sure she did. Half of the households in Georgia are already living on less than that. It certainly didn't make them rich, but it is enough to retire if they wanted to, especialy if they've already got a retirement plan . With 4 children and 8 grandchildren they're almost certainly a bit past 50, so retirement probably wasn't all that far in their future before winning. If they're smart this could easily let them have a retirement that's more comfortable and starts several years sooner than they were expecting.
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Sunny SW Florida United States Member #25708 November 5, 2005 4339 Posts Offline |
| Posted: June 5, 2008, 3:53 am - IP Logged |
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Sure she did. Half of the households in Georgia are already living on less than that. It certainly didn't make them rich, but it is enough to retire if they wanted to, especialy if they've already got a retirement plan . With 4 children and 8 grandchildren they're almost certainly a bit past 50, so retirement probably wasn't all that far in their future before winning. If they're smart this could easily let them have a retirement that's more comfortable and starts several years sooner than they were expecting. 
Very few people when they retire are lucky enough to have a retirement plan that pays over $34K a year AFTER taxes. Along with social security (and possibly a pension) this couple will probably be very comfortable.
However, if I were working at a job with group health insurance, I would probably stay until I was eligible for Medicare. Just one bad illness can wipe you out. Maybe our new President will change that soon, but it will take time. We can only pray!
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PA United States Member #23322 October 6, 2005 1811 Posts Offline |
| Posted: June 10, 2008, 4:49 pm - IP Logged |
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ZZZZ another life won't change much article. Actually a million dollars can go a long way if you are smart. At 5% alone you pull in about $45,000 ro $50,000 in interest alone, plus other funds you already have. Depends on how high you want your lifestyle to be.
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