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Woman prepares for 9 months before claiming $8.8M lottery jackpot

Last post 5 months ago by Stack47. 22 comments.

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a$VeryLuckyMan's avatar - Taurus
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Summerfield NC
United States
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June 2, 2008
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Posted: August 28, 2008, 6:12 pm - IP Logged Bottom

Nine months??? Prudent is one thing, but this is absurd. Think of all the things that could've happened to that ticket or even her in that time. And like somebody said, how much in dividends has she lost already by not investing it? It sounds to me like they don't really need the money. It's just added security.

I've been dreaming about winning for so long I have the whole thing mapped out, down to what I'm naming the Trust and where I'll invest. And believe me, it won't take me 9 months to get that gravy train rolling. Puh-lease!

What an idiot, just think of all of the intrest she lost by waiting that long!!!! Her advisors need to be FIRED!!

Be ready when opportunity comes...Luck is the time when preparation and opportunity meet.

All of us have bad luck and good luck. The man who persists through the bad luck - who keeps right on going - is the man who is there when the good luck comes - and is ready to receive it.Lep

JackpotWanna's avatar - squiz
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March 23, 2004
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Posted: August 28, 2008, 6:54 pm - IP Logged Bottom Top

Very smart woman.  I would wait too but not 9 months.  Maybe 3-6 months.

1) Give away my stuff.

2) Time to plan without rush.

3) Tell friends and family that I am moving back to my country.

4) Look for place to stay because once you claim a jackpot, It is impossibe to go back to same house.

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Atwater, Ohio
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February 14, 2006
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Posted: August 29, 2008, 10:47 pm - IP Logged Bottom Top

I am not a math wizard...but  I would like to know what amount of money was lost in interest over the 9 months...I mean the interest on 4 million over 9 months would have been a couple hundred thousand right? If you are truly prudent,you do not let that kind of money run through your hands..Not to mention that if you are truly prudent ,generally you do not spend money on lottery to begin with...My fears would have also been with the disappearance of the ticket,rather intentional,accidental or whatever....fires,floods they happen.

Had she formed a limited partnership or an exotic trust fund and waited that long to cash her ticket it would make more sense. I can't see what she gained by waiting 9 months because she got exactly the same amount after tax deductions ($3,801,297) she would have got had she cashed the ticket last January or November.

"We're very careful people," Hagerbrant, a retired nurse, said. "We wanted to take more time, as a family, to figure it all out."

It's obvious they lost thousands of dollars in interest by being very careful and very inconsistent when "Hagerbrant said she and her family plan to invest the money wisely" and "We're being prudent". She won in November and her lawyer probably said to wait until 2008 to cash the ticket to get more time. Maybe she thought she would get interest on the winnings while she waited or the tax withholding would be less, but finally cashed the ticket when somebody explained to her how much money she lost by trying to "figure it all out" instead of simply calling the lottery headquarters.