Kellogg's worker won't change much after winning $1M lottery jackpot

Jun 4, 2008, 12:08 pm (10 comments)

Georgia Lottery 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.
Ron Shaver with the Georgia Lottery presents a check to Cave Spring couple Nancy and Roger Edwards.

Rome News-Tribune

Comments

kamvick

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.

DC81's avatarDC81

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.

MillionsWanted's avatarMillionsWanted

That's probably smart. She didn't win enough to retire.

mken32's avatarmken32

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....

MaddMike51

Quote: Originally posted by mken32 on Jun 4, 2008

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.

Trained2beRich's avatarTrained2beRich

Quote: Originally posted by MaddMike51 on Jun 4, 2008

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.

ThatScaryChick's avatarThatScaryChick

Congrats to her! I'm sure the money will is a blessing to her.

KY Floyd's avatarKY Floyd

Quote: Originally posted by MillionsWanted on Jun 4, 2008

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.

justxploring's avatarjustxploring

Quote: Originally posted by KY Floyd on Jun 5, 2008

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.

I Agree!

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!

sirbrad's avatarsirbrad

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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