NY hospital orderly wins $20 million lottery jackpot

May 16, 2014, 8:16 am (63 comments)

Mega Millions

Sweet dreams are made of this — a $20 million lottery ticket.

Long Island, New York, hospital worker Cameron Finney was so stunned over winning the Mega Millions jackpot he slept with the ticket under his pillow for two days.

Then he realized there was a better place for it.

"I went to the bank to put it in a safety deposit box — after I slept with it for two days," Finney, 48, said after coming forward to claim the prize Thursday.

The married Southampton father's life was forever changed after he ate a chicken dinner with his wife at Popeye's on March 25.

On their way home, Finney bought $4 worth of quick pick tickets at a Gascon gas station in Coram.

The next morning, while checking the tickets at a convenience store near his home, a clerk told him he won $1 million.

"I just kept saying, 'Oh my God. I won a million dollars,'" recalled Finney who rarely plays the lottery. "I can live on a million dollars."

He immediately called his wife, Donna, a Cablevision executive specialist. But she wasn't buying it.

"My wife kept saying, 'Quit playing. Quit playing. We didn't win,'" Finney said.

After hanging up with his dubious spouse, Finney received even better news.

"The clerk went over it again and said, 'Oh my god. You won $20 million.'"

Finney's jaw dropped. He called his wife back but again she thought he was just yanking her chain.

So Finney passed the phone to a random customer who confirmed that she and her husband were now multimillionaires.

"I didn't believe the man," Donna Finney said. "I was like, 'I don't know you. As far as I know, my husband could have paid you.'"

But there was no doubt Thursday as Finney, Donna and their 23-year-old daughter, Christina, were presented with an oversized check worth $20 million at lottery office in Plainview.

Finney has opted to take the lump sum of $7.4 million after taxes.

Finney is planning to purchase a home in East Quogue as a gift to his wife and a new Dodge Ram to replace the one they wrecked last year.

He also has his sights set on a more luxurious vehicle.

"I always wanted a Bentley so now I'm going to buy a Bentley after I buy my wife a house," Finney said.

He's planning on quitting his job as a Southampton Hospital orderly and is still trying to figure out how to deal with his newfound popularity.

"My phone is constantly ringing," Finney said. "Before I won, nobody called."

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Comments

surimaribo24's avatarsurimaribo24

Congrats to the winner. He better invest some of the money that will make him some money. 

Home in east quoque runs to a mil and also the tax alone could dry you out in a few years .

pickone4me's avatarpickone4me

"I went to the bank to put it in a safety deposit box"  Anything you put into the bank, the bank considers as "theirs".  Think about what happened in Cyprus.

Heres something else to ponder http://www.pbs.org/newshour/making-sense/is-your-money-safe-at-the-bank-an-economist-says-no-and-withdraws-his/

RedStang's avatarRedStang

This is why i always buy a ticket even when the jackpot is low.

dr65's avatardr65

3rd line down was the winner...would have been nice to know in the article.

Qp's - nothing wrong with them at all...when it can win a multi-million dollar jp, I'll play them anyday!

Wonder how the clerk thought it was just a million? Wouldn't it tell them on the screen??

Excellent win and a HUGE WTG!! Great story...especially the part about sleeping with the ticket under his pillow.

He probably didn't sleep at all.

Jani Norman's avatarJani Norman

As young as he looks and he's quitting his job already to live the good life as he puts it, only hope we are not reading about you 5 years from now in debt.

It can all happen so fast......

 

 

 

 

 

Marilyn222's avatarMarilyn222

Awwww....'love his story! I wish him more to come...

noise-gate

Quote: Originally posted by surimaribo24 on May 16, 2014

Congrats to the winner. He better invest some of the money that will make him some money. 

Home in east quoque runs to a mil and also the tax alone could dry you out in a few years .

I Agree!

l hope this fine gentlemen " counts the cost" before going out and doing what he says he will do.

Nevertheless !!!

 

mrcraft's avatarmrcraft

Congrats!

Based on this article, I hope you get a good financial adviser.  Best of luck.

dallascowboyfan's avatardallascowboyfan

Congratulation Mr FinneyThumbs Up

donnie713's avatardonnie713

Way to go on your new windfall. Hopefully, he invests wisely:-)

Drenick1's avatarDrenick1

He better seek financial help before he even buys a house or Bentley. Next year he will owe close to $1.6 million more so his windfall will drop to about $5.7 million. If he doesn't go crazy, that amount should last him the rest of his life. Assuming he wants to play it safe and puts it in the bank to collect interest, he should have about 150k in principal to spend every year for the next 40 years.

$150k today will probably be worth somewhere in the $30k range 30-40 years from now.

ThatScaryChick's avatarThatScaryChick

Congrats to Mr. Finney on his win! He probably should get a new and unlisted phone number though. He's probably going to get tired of all those phone calls.

savagegoose's avatarsavagegoose

edit
 

Based on this article, I hope you get a good honest financial adviser.  Best of luck.

 

there i fixed it for you

SammyJoe10's avatarSammyJoe10

Congrats to the lucky winner! Change your phone number, move to a lower COL state, invest most of it, and enjoy yourself!

Drenick1's avatarDrenick1

Quote: Originally posted by savagegoose on May 16, 2014

edit
 

Based on this article, I hope you get a good honest financial adviser.  Best of luck.

 

there i fixed it for you

I'll go one step further:

I hope he gets a good AND honest financial adviser.

JackpotWanna's avatarJackpotWanna

Nice win!

Banana

Artist77's avatarArtist77

Sounds like his wife is non-nonsense. So hopefully they will do well with their money.

rdgrnr's avatarrdgrnr

I don't think $7.4 Million puts you in the Million Dollar House and a Bentley in the Driveway League.

I wish him the best but I'm a little worried about this guy.

weshar75's avatarweshar75

Congrats on your win and with $5 million in the bank you could spend $100,000 a year and live nicely for 50 years.-weshar75

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Gleno's avatarGleno

Congratulations to Mr. Finney. Guess he won't be cleaning up bed pans after this windfall. Good for him.

Drum

s5thomps's avatars5thomps

Cheers 7.4 million after taxes!!! Looks likes the Feds and the state of New York hit the jackpot also. Should have gotten at least 10 million....however 7.4 million is still pretty decent. He should be ok for the rest of his life. Hopefully he won't go all David Lee Edwards and buy a lot of junk.

DamGod

This is amazing, you get hold a giant check for 20 million and you end up with only 5. 8 million in your account by next year .

And the best part is everyone thinks you have 20 mil and you start spending like you have 20 too.

mypiemaster's avatarmypiemaster

Quote: Originally posted by DamGod on May 16, 2014

This is amazing, you get hold a giant check for 20 million and you end up with only 5. 8 million in your account by next year .

And the best part is everyone thinks you have 20 mil and you start spending like you have 20 too.

Let us all bow down to UNCLE SAM, the only "relative" that never says thanks after taking your money, or may I, before taking your money. Lottery wins should never be subject to taxation. The money is usually spent or invested, in the Good ol' U.S of A anyway. Most countries in the world, do not tax lottery winnings upfront like we do.

mypiemaster's avatarmypiemaster

Quote: Originally posted by SammyJoe10 on May 16, 2014

Congrats to the lucky winner! Change your phone number, move to a lower COL state, invest most of it, and enjoy yourself!

This is why a lottery winner should always have the option, to ham it up in front of the camera, or to fly below the radar and just mind your business.

mypiemaster's avatarmypiemaster

The look on the girl's face says it all. Congrats to the winner.

mypiemaster's avatarmypiemaster

"The clerk went over it again and said, 'Oh my god. You won $20 million."  Lucky the PATELS were not working that day!!!.

rock_nc's avatarrock_nc

Quote: Originally posted by rdgrnr on May 16, 2014

I don't think $7.4 Million puts you in the Million Dollar House and a Bentley in the Driveway League.

I wish him the best but I'm a little worried about this guy.

I Agree!

rock_nc's avatarrock_nc

Quote: Originally posted by mypiemaster on May 17, 2014

"The clerk went over it again and said, 'Oh my god. You won $20 million."  Lucky the PATELS were not working that day!!!.

I Agree!

rock_nc's avatarrock_nc

Quote: Originally posted by DamGod on May 16, 2014

This is amazing, you get hold a giant check for 20 million and you end up with only 5. 8 million in your account by next year .

And the best part is everyone thinks you have 20 mil and you start spending like you have 20 too.

I Agree!

rock_nc's avatarrock_nc

Quote: Originally posted by surimaribo24 on May 16, 2014

Congrats to the winner. He better invest some of the money that will make him some money. 

Home in east quoque runs to a mil and also the tax alone could dry you out in a few years .

I Agree!

rock_nc's avatarrock_nc

Quote: Originally posted by RedStang on May 16, 2014

This is why i always buy a ticket even when the jackpot is low.

I Agree! I do every time the lottery is played!

rock_nc's avatarrock_nc

Quote: Originally posted by noise-gate on May 16, 2014

I Agree!

l hope this fine gentlemen " counts the cost" before going out and doing what he says he will do.

Nevertheless !!!

 

I Agree! Yup!! He will be broke if he don't get some advise, on how to invest some of it! Money goes fast these days!! Believe me it does! Look at the look his daughter was giving him,23 she has plans for the money too!

rock_nc's avatarrock_nc

Quote: Originally posted by mrcraft on May 16, 2014

Congrats!

Based on this article, I hope you get a good financial adviser.  Best of luck.

I Agree!

rock_nc's avatarrock_nc

Quote: Originally posted by Drenick1 on May 16, 2014

He better seek financial help before he even buys a house or Bentley. Next year he will owe close to $1.6 million more so his windfall will drop to about $5.7 million. If he doesn't go crazy, that amount should last him the rest of his life. Assuming he wants to play it safe and puts it in the bank to collect interest, he should have about 150k in principal to spend every year for the next 40 years.

$150k today will probably be worth somewhere in the $30k range 30-40 years from now.

I Agree! Now that's some good advise there Drenick1..

rock_nc's avatarrock_nc

Quote: Originally posted by savagegoose on May 16, 2014

edit
 

Based on this article, I hope you get a good honest financial adviser.  Best of luck.

 

there i fixed it for you

I Agree! Yup! I'm thinking the same thing! Taxes going to take most of it! Then next year will have to file it as his income earnings! Unless they file together as married!

CDanaT's avatarCDanaT

Quote: Originally posted by rdgrnr on May 16, 2014

I don't think $7.4 Million puts you in the Million Dollar House and a Bentley in the Driveway League.

I wish him the best but I'm a little worried about this guy.

Yeup Ridge...I was thinking the exact same thing....While I hope they put at least 5+ million away as the base to live off....I have a gut feeling it won't last long..... New truck is one thing, Bentley is another...May their investment advisor counsel them wisely and with a strong leash.

DC81's avatarDC81

With the cash by the time he's done paying all the taxes he's going to have a bit over 5 million. But yeah, he'd be better off making safe, low risk investments and living off the interest/dividends provided from the principal without major splurging.

Goteki54's avatarGoteki54

Finney claims his phone is constantly ringing but before it hardly rang, well he knows why it's ringing now and it's not because of him personally but because of what he has, MONEY.  If I had seven million dollars, I would be more concerned on how I could have a very comfortable income off that money before I thought about buying a Bentley.

noise-gate

Quote: Originally posted by Goteki54 on May 17, 2014

Finney claims his phone is constantly ringing but before it hardly rang, well he knows why it's ringing now and it's not because of him personally but because of what he has, MONEY.  If I had seven million dollars, I would be more concerned on how I could have a very comfortable income off that money before I thought about buying a Bentley.

Your Phone will also be  off the hook confrere  if you won the lottery.. It comes with the territory.

The secret is to ditch that cell Phone and pick up a new one- hey: you can afford it ...right?

Drenick1's avatarDrenick1

Quote: Originally posted by DamGod on May 16, 2014

This is amazing, you get hold a giant check for 20 million and you end up with only 5. 8 million in your account by next year .

And the best part is everyone thinks you have 20 mil and you start spending like you have 20 too.

I Agree!  If anyone recognizes him, he will always be known as someone who won $20 million and not the $5.8 million that he actually netted after all tax obligations were met. Some people who read the press release will think that his after tax cash amount is $7.4 million which is true but unless he donates a bulk of it away he will owe another $1.6 million when he files taxes in 2015. This is why so many previous lottery winners get in trouble because they have no idea that additional taxes are owed.

Drenick1's avatarDrenick1

Quote: Originally posted by DC81 on May 17, 2014

With the cash by the time he's done paying all the taxes he's going to have a bit over 5 million. But yeah, he'd be better off making safe, low risk investments and living off the interest/dividends provided from the principal without major splurging.

Low risk investments won't generate much income on $5 million. Interest being paid by most banks are less than 1% with the average being closer to  1/2 of 1%. With $5 million , that would amount to $25k per year so it means he would have to tap into the principal quite a bit to live a nice life. He could probably make a whole lot of money by seeking professional help but I will let others chime in as my knowledge in that field is very limited.

Drenick1's avatarDrenick1

Quote: Originally posted by noise-gate on May 17, 2014

Your Phone will also be  off the hook confrere  if you won the lottery.. It comes with the territory.

The secret is to ditch that cell Phone and pick up a new one- hey: you can afford it ...right?

I Agree! That should have been the first thing he got rid of once he turned in his ticket.

Arrowhead's avatarArrowhead

I wish these people all the best, but posing for photos in front of his house and talking about Bentleys, Ram trucks and brand new houses on a $20 mil pre-tax win doesn't bode well for the future.

Why would anyone let the world see where you currently live after winning the lottery? Sweet Jesus...

noise-gate

Quote: Originally posted by Arrowhead on May 17, 2014

I wish these people all the best, but posing for photos in front of his house and talking about Bentleys, Ram trucks and brand new houses on a $20 mil pre-tax win doesn't bode well for the future.

Why would anyone let the world see where you currently live after winning the lottery? Sweet Jesus...

Come on Arrow- You want Cameron to stand in front of a Waterfall?

His telling us that this is where his at- but his transplanting his family to a better location, what's wrong with that? 

My mini concern is that he has not thought this whole thing through- but then again- its his money and he ought to do the right thing with it. If things do not go according to plan, then he needs to get a mirror and point a finger at the person staring back at him. l wish this guy all the best moving forward.

Arrowhead's avatarArrowhead

Quote: Originally posted by noise-gate on May 17, 2014

Come on Arrow- You want Cameron to stand in front of a Waterfall?

His telling us that this is where his at- but his transplanting his family to a better location, what's wrong with that? 

My mini concern is that he has not thought this whole thing through- but then again- its his money and he ought to do the right thing with it. If things do not go according to plan, then he needs to get a mirror and point a finger at the person staring back at him. l wish this guy all the best moving forward.

In front of a waterfall---yes, that's precisely what I'd make sure was in the background of the shot of me with (pretend) Lotto check.

Actually, there wouldn't be any shot of me with any check anywhere...Yes Nod

KY Floyd's avatarKY Floyd

"I can live on a million dollars."

There's his problem. He doesn't have a clue.

He's got plenty of money if he moved off of Long Island and lived a comfortable lifestyle. He could even buy a modest house and live in East Quogue if he was careful, but the plan to buy a Bentley makes it unlikely he's smart enough to buy a modest house and live carefully. His only chance will be seeing the light while he still has a couple of million and the fancy house left.

One-Day

7.5 million dallas and he is buying a Bentley?  I hope a financial adviser put him in his place or he'll be broke again in 2 years.  Did the clerk keep some of the dallas?  He seemed confused like the others in Fla.  Wasn't it in Fla or Cali?

Masone

Quote: Originally posted by One-Day on May 18, 2014

7.5 million dallas and he is buying a Bentley?  I hope a financial adviser put him in his place or he'll be broke again in 2 years.  Did the clerk keep some of the dallas?  He seemed confused like the others in Fla.  Wasn't it in Fla or Cali?

Nothing is wrong with him buying a Bentley with 7 million.

Saylorgirl's avatarSaylorgirl

Quote: Originally posted by Drenick1 on May 17, 2014

I Agree!  If anyone recognizes him, he will always be known as someone who won $20 million and not the $5.8 million that he actually netted after all tax obligations were met. Some people who read the press release will think that his after tax cash amount is $7.4 million which is true but unless he donates a bulk of it away he will owe another $1.6 million when he files taxes in 2015. This is why so many previous lottery winners get in trouble because they have no idea that additional taxes are owed.

I agree with you.  He should immediately take that additional $1.6 million and put it away in a 9 month CD to be paid next year for taxes.  Then make a plan for the $5.8 million he will have to spend and invest.  A million dollar house and a Bentley will take a big chunk of that money.  I read in another article that they plan to custom build their new home. 

Anyway, congratulations to him and his family may they enjoy their riches.

DC81's avatarDC81

Quote: Originally posted by Drenick1 on May 17, 2014

Low risk investments won't generate much income on $5 million. Interest being paid by most banks are less than 1% with the average being closer to  1/2 of 1%. With $5 million , that would amount to $25k per year so it means he would have to tap into the principal quite a bit to live a nice life. He could probably make a whole lot of money by seeking professional help but I will let others chime in as my knowledge in that field is very limited.

I wasn't talking about throwing it into the bank or buying CDs, those aren't "low risk" those are "safe" almost no risk and barely investments at this point.

DDOH937's avatarDDOH937

Quote: Originally posted by rdgrnr on May 16, 2014

I don't think $7.4 Million puts you in the Million Dollar House and a Bentley in the Driveway League.

I wish him the best but I'm a little worried about this guy.

Hopefully he knows he can buy a 'USED' Bentley Continental with approximately 30,000 miles for around $60K and the best thing, no one would know the difference. Congrats but be smart about it bro. All the best to you.

DDOH937's avatarDDOH937

Quote: Originally posted by KY Floyd on May 17, 2014

"I can live on a million dollars."

There's his problem. He doesn't have a clue.

He's got plenty of money if he moved off of Long Island and lived a comfortable lifestyle. He could even buy a modest house and live in East Quogue if he was careful, but the plan to buy a Bentley makes it unlikely he's smart enough to buy a modest house and live carefully. His only chance will be seeing the light while he still has a couple of million and the fancy house left.

Well i don't have a million dollars am I'm living just fine. And so are billions of other people around the world. I hear what you are saying but why cant he or anyone else live with a million given to them? The problem is that we all just want to BUY stuff. Buy, Buy, Buy. Well if one's approach to a satisfactory quality of life revolves around what he or she can 'buy', then no amount of money will ever be enough. He or anyone else with his new found financial blessing should be able to do just fine, all that's required is a bit of discipline.

Drenick1's avatarDrenick1

I Agree! That would definitely be a smart move to put that additional $1.6 million away in a short term CD for his 2015 tax liability. He could spend less than a million dollars on a custom house but not probably in NY. He should move his family to a more tax friendly state and seek professional help before ANY major purchase.

It would be great for him and his family to enjoy their new wealth but I am worried that he may be heading down a path of so many previous lottery winners.

Drenick1's avatarDrenick1

Quote: Originally posted by DC81 on May 18, 2014

I wasn't talking about throwing it into the bank or buying CDs, those aren't "low risk" those are "safe" almost no risk and barely investments at this point.

OK, point well taken. My husband and I recently had to re-balance our portfolio and were given numerous options by our certified financial planner and he classified "low risk" as government bond paying 2-3% depending on time frame. We are relatively still young so we chose a diverse variety of investment options such as the low risk bonds, precious metals (gold and silver) as well as several different types of mutual funds and ETF's. We do not have any vested interest in any individual stocks as that is a risk/reward we are not comfortable with. 

During the past 4 years, we have realized gains of 14-22% and are quite pleased. There are others that we have met that have much larger gains but they hold a portfolio more concentrated on growth and also have a basket of individual stocks. 

If this lottery winner is able to retain a good and honest CFP with a good track record and experience, there is no reason he couldn't see returns of at least 10% yearly. On a $5 million nest egg, that would be at least $500k of earnings per year and could support a very comfortable lifestyle. He is much older than us so his allocation would obviously be concentrated more on the lower risk investments which will account for lower returns.

There is no reason he should not enjoy his dream but he has to take the appropriate steps to get his priorities in order and to grow his wealth for the sake of his family.

Arrowhead's avatarArrowhead

Quote: Originally posted by DDOH937 on May 18, 2014

Hopefully he knows he can buy a 'USED' Bentley Continental with approximately 30,000 miles for around $60K and the best thing, no one would know the difference. Congrats but be smart about it bro. All the best to you.

Solid advice. If I were him and just HAD to have that high-end luxury vehicle (I don't), that's exactly the way to go. Keep it detailed, looking sharp, and garaged in winter if still living in NY.

Arrowhead's avatarArrowhead

Meanwhile, folks, Ohio Classic Lotto at $70.6 mil for tonight...almost three years and counting. LOL

Drenick1's avatarDrenick1

Quote: Originally posted by Arrowhead on May 19, 2014

Meanwhile, folks, Ohio Classic Lotto at $70.6 mil for tonight...almost three years and counting. LOL

It's crazy isn't it? I have a 10-draw ticket and am down to my last 4 draws.If no one hits it then I will play another $50 for 10 draws.

savagegoose's avatarsavagegoose

Quote: Originally posted by mypiemaster on May 16, 2014

Let us all bow down to UNCLE SAM, the only "relative" that never says thanks after taking your money, or may I, before taking your money. Lottery wins should never be subject to taxation. The money is usually spent or invested, in the Good ol' U.S of A anyway. Most countries in the world, do not tax lottery winnings upfront like we do.

ill let you in on a  little secret, here in australia they dont even wait for a winner to start taxing. they taxes every ticket at purchase time. and let the winner go  scott free.

Arrowhead's avatarArrowhead

Quote: Originally posted by Drenick1 on May 19, 2014

It's crazy isn't it? I have a 10-draw ticket and am down to my last 4 draws.If no one hits it then I will play another $50 for 10 draws.

I've been in for $5 a draw for quite awhile. Few $70 winners. Not close enough...Crazy

Drenick1's avatarDrenick1

Quote: Originally posted by Arrowhead on May 19, 2014

I've been in for $5 a draw for quite awhile. Few $70 winners. Not close enough...Crazy

Doing better than me. I had two 3 out of 6 winners with my first 10-draws and nothing yet with this most recent 10-draw ticket.

KY Floyd's avatarKY Floyd

Quote: Originally posted by DDOH937 on May 18, 2014

Well i don't have a million dollars am I'm living just fine. And so are billions of other people around the world. I hear what you are saying but why cant he or anyone else live with a million given to them? The problem is that we all just want to BUY stuff. Buy, Buy, Buy. Well if one's approach to a satisfactory quality of life revolves around what he or she can 'buy', then no amount of money will ever be enough. He or anyone else with his new found financial blessing should be able to do just fine, all that's required is a bit of discipline.

"Well i don't have a million dollars am I'm living just fine."

Have you quit your job and started living on your savings yet?

His problem isn't just buying stuff. It's how long he'll need an income, and inflation.  He's 48, so his life expectancy is probably at least another 30 years, and perhaps 40 or more. Even if he could safely earn 10% and live on the 100k income from a million bucks today, inflation of 3% would mean he'd need an income of 142k when he's 60 to have the same spending power. At 70 he'd need almost 192k. Given a more realistic return on his investment, he could scrape by on a very modest income and not be broke until his mid-60's or so.

His net from the "$20 million" jackpot should be about $6 million. That's enough for a very low risk investment to provide a fairly comfortable income that will increase by 3% per year and last until he's 82. A slightly higher rate of return could give him more income  or last past 82 in case he forgets to die on time, but it also increases the chance that he'll lose principal. Either way, it only works if he lives a comfortable lifestyle instead of an extravagant one.

"all that's required is a bit of discipline."

There's the problem. Does it sound like he's got the necessary discipline and a realistic grasp of how much money it takes to live a given lifestyle if he thinks he can live  on a million bucks? If he runs out and buys a house that costs a million bucks and an expensive car right off the bat that's probably a good sign he needs a wake up call. At least an expensive house on Long Island is probably a good investment. He can sell it later, but in the meantime it's a major expense that reduces the standard of living that the rest of his income can pay for.

rock_nc's avatarrock_nc

Quote: Originally posted by KY Floyd on May 19, 2014

"Well i don't have a million dollars am I'm living just fine."

Have you quit your job and started living on your savings yet?

His problem isn't just buying stuff. It's how long he'll need an income, and inflation.  He's 48, so his life expectancy is probably at least another 30 years, and perhaps 40 or more. Even if he could safely earn 10% and live on the 100k income from a million bucks today, inflation of 3% would mean he'd need an income of 142k when he's 60 to have the same spending power. At 70 he'd need almost 192k. Given a more realistic return on his investment, he could scrape by on a very modest income and not be broke until his mid-60's or so.

His net from the "$20 million" jackpot should be about $6 million. That's enough for a very low risk investment to provide a fairly comfortable income that will increase by 3% per year and last until he's 82. A slightly higher rate of return could give him more income  or last past 82 in case he forgets to die on time, but it also increases the chance that he'll lose principal. Either way, it only works if he lives a comfortable lifestyle instead of an extravagant one.

"all that's required is a bit of discipline."

There's the problem. Does it sound like he's got the necessary discipline and a realistic grasp of how much money it takes to live a given lifestyle if he thinks he can live  on a million bucks? If he runs out and buys a house that costs a million bucks and an expensive car right off the bat that's probably a good sign he needs a wake up call. At least an expensive house on Long Island is probably a good investment. He can sell it later, but in the meantime it's a major expense that reduces the standard of living that the rest of his income can pay for.

I Agree! that's sounds good!

BellasBMWLucki

hola.

y' how true suri.

yep. i just love his story!

Late forties only?

Aww,he is still young enough to enjoy each cent of it.with his lovely NY familia.

love this story so much.Cheers

Adios.

Noche.

y' Felicidades,todo...Dance(congrats all winners en 2014!!!)

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