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The single most inportant decision for a JP winner

Topic closed. 58 replies. Last post 2 years 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

Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

Lep

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.


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    Posted: January 23, 2013, 5:47 pm - IP Logged

    Would the state of illinois be considered an unscrupulous agent?


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      Posted: January 23, 2013, 5:48 pm - IP Logged

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

        maringoman's avatar - kobold
        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

          Just as the bird sings or the butterfly soars,

          because it is his natural characteristic,

          so the artist works.

          by Alma  Gluck

            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

            Just as the bird sings or the butterfly soars,

            because it is his natural characteristic,

            so the artist works.

            by Alma  Gluck


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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.

                maringoman's avatar - kobold
                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 - kobold
                  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.


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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.

                      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.

                      Just as the bird sings or the butterfly soars,

                      because it is his natural characteristic,

                      so the artist works.

                      by Alma  Gluck

                        maringoman's avatar - kobold
                        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!

                          Just as the bird sings or the butterfly soars,

                          because it is his natural characteristic,

                          so the artist works.

                          by Alma  Gluck

                            maringoman's avatar - kobold
                            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".