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The single most inportant decision for a JP winner

Topic closed. 58 replies. Last post 4 months ago by CinCin.

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Zeta Reticuli Star System
United States
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January 17, 2006
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Posted: January 23, 2013, 5:42 pm - IP Logged

From the Illinois Lottery

Lottery Winners' Handbook:

The single most important decision you make with your newfound wealth will not be how to spend or invest it. It will be who you hire to help manage it. Sudden money makes you an instant candidate to hire a financial adviser. For starters, you are likely handling much more than you have ever had at your disposal before. More important, you want to make sure your once-in-a-lifetime good fortune becomes a rest-of-your-lifetime benefit.

You most likely have heard stories of athletes, rock stars and celebrities who wound up losing their fortune at the hands of an unscrupulous agent or rogue stockbroker. Your windfall puts you in the big leagues, in terms of the potential to become a victim.

That being the case, there are several factors to keep in mind as you choose an adviser.

A lot more information here, taxes, estate planning, etc...:

http://www.illinoislottery.com/content/dam/ill/documents/subsections/pr/Illinois%20Lottery%20Winners%20Handbook.pdf

When all states allow winners to remain anonymous some clod will want a press conference.

    Ronnie316's avatar - Jordan
    5+1 Winner
    Arizona
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    Posted: January 23, 2013, 5:47 pm - IP Logged

    Would the state of illinois be considered an unscrupulous agent?

    Thanks USA MEGA for MM/PB Lottery results. www.usamega.com Patriot

     

      Ronnie316's avatar - Jordan
      5+1 Winner
      Arizona
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      Posted: January 23, 2013, 5:48 pm - IP Logged

      Ive get a guy named "Moe" all lined up.

      Thanks USA MEGA for MM/PB Lottery results. www.usamega.com Patriot

       

        maringoman's avatar - olab
        Massachusetts
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        Posted: January 23, 2013, 6:04 pm - IP Logged

        After so many lottery winners turning up dead I would think safety of the winner comes first. Then cars, chicks and cigars come to remind you why you patiently played the lottery lol

          Artist77's avatar - batman14

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          Posted: January 23, 2013, 6:25 pm - IP Logged

          You mean my decision as to whether to wear the pink dress or the black dress to the press conference is not important??? lol

          Bonne chance à tous! Quand je gagne, nous aurons tout des crêpes avec la
          confiture d'oranges sur mon balcon à Paris.

            Artist77's avatar - batman14

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            Posted: January 23, 2013, 6:26 pm - IP Logged

            After so many lottery winners turning up dead I would think safety of the winner comes first. Then cars, chicks and cigars come to remind you why you patiently played the lottery lol

            chicks??? bwakkkkkkkk

            Bonne chance à tous! Quand je gagne, nous aurons tout des crêpes avec la
            confiture d'oranges sur mon balcon à Paris.

              Ronnie316's avatar - Jordan
              5+1 Winner
              Arizona
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              Posted: January 23, 2013, 6:36 pm - IP Logged

              After so many lottery winners turning up dead I would think safety of the winner comes first. Then cars, chicks and cigars come to remind you why you patiently played the lottery lol

              I can get chicks and cigars anytime, its the cars I'm looking forward to.

              Thanks USA MEGA for MM/PB Lottery results. www.usamega.com Patriot

               

                maringoman's avatar - olab
                Massachusetts
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                Posted: January 23, 2013, 6:41 pm - IP Logged

                chicks??? bwakkkkkkkk

                Is that an offensive term? I hope not Disapprove

                  maringoman's avatar - olab
                  Massachusetts
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                  Posted: January 23, 2013, 6:46 pm - IP Logged

                  I can get chicks and cigars anytime, its the cars I'm looking forward to.

                  Yes cars like Jay Leno, cigars like of a Cuban smuggler and girls like of a movie star would really spice up life.

                    Ronnie316's avatar - Jordan
                    5+1 Winner
                    Arizona
                    United States
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                    Posted: January 23, 2013, 6:52 pm - IP Logged

                    Yes cars like Jay Leno, cigars like of a Cuban smuggler and girls like of a movie star would really spice up life.

                    The Barrett Jackson auction has been here in Scottsdale and I have been watching it on tv.

                    Thanks USA MEGA for MM/PB Lottery results. www.usamega.com Patriot

                     

                      Artist77's avatar - batman14

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                      Posted: January 23, 2013, 7:00 pm - IP Logged

                      Is that an offensive term? I hope not Disapprove

                      lol  Well in most circles it would be frowned upon. Maybe it depends on the level of education of the woman as well.  I really rarely hear it used anymore. Reminds me of when I was having my kitchen remodeled several years ago.  The contractor had this older lazy electrical guy he ended up firing and (before he was fired and when he wanted to show up at odd hours)  he kept telling me he was perplexed why I was not able to be home all day long like most "chicks."  It is called a paid job and career...lol.

                      Bonne chance à tous! Quand je gagne, nous aurons tout des crêpes avec la
                      confiture d'oranges sur mon balcon à Paris.

                        maringoman's avatar - olab
                        Massachusetts
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                        Posted: January 23, 2013, 7:17 pm - IP Logged

                        lol  Well in most circles it would be frowned upon. Maybe it depends on the level of education of the woman as well.  I really rarely hear it used anymore. Reminds me of when I was having my kitchen remodeled several years ago.  The contractor had this older lazy electrical guy he ended up firing and (before he was fired and when he wanted to show up at odd hours)  he kept telling me he was perplexed why I was not able to be home all day long like most "chicks."  It is called a paid job and career...lol.

                        lol haha advice taken Jester

                          Artist77's avatar - batman14

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                          Posted: January 23, 2013, 7:24 pm - IP Logged

                          lol haha advice taken Jester

                          You are a good sport maringoman!

                          Bonne chance à tous! Quand je gagne, nous aurons tout des crêpes avec la
                          confiture d'oranges sur mon balcon à Paris.

                            maringoman's avatar - olab
                            Massachusetts
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                            Posted: January 23, 2013, 7:36 pm - IP Logged

                            You are a good sport maringoman!

                            Just trying to improve thyself in all ways Wink

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                              Posted: January 23, 2013, 8:08 pm - IP Logged

                              From the Illinois Lottery

                              Lottery Winners' Handbook:

                              The single most important decision you make with your newfound wealth will not be how to spend or invest it. It will be who you hire to help manage it. Sudden money makes you an instant candidate to hire a financial adviser. For starters, you are likely handling much more than you have ever had at your disposal before. More important, you want to make sure your once-in-a-lifetime good fortune becomes a rest-of-your-lifetime benefit.

                              You most likely have heard stories of athletes, rock stars and celebrities who wound up losing their fortune at the hands of an unscrupulous agent or rogue stockbroker. Your windfall puts you in the big leagues, in terms of the potential to become a victim.

                              That being the case, there are several factors to keep in mind as you choose an adviser.

                              A lot more information here, taxes, estate planning, etc...:

                              http://www.illinoislottery.com/content/dam/ill/documents/subsections/pr/Illinois%20Lottery%20Winners%20Handbook.pdf

                              The Illinois Lottery also says it will take 4 to 6 weeks to get the winnings so there is plenty of time before they make that "single most important decision".