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Minnesota couple claims $229M Powerball lottery jackpot

Topic closed. 59 replies. Last post 5 years ago by Isaiah646.

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HaveABall's avatar - rocket

United States
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March 18, 2009
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Posted: August 14, 2011, 3:18 am - IP Logged

I have been wondering why always the money goes to retired olds and  not goes to young people who have tremendous amount of responsibilities ahead

that pisses me off

It appears that you are what is referred to as a "short term" thinker ... vs. a "big thinker."  Because a big thinker, firstly, wouldn't be resenting other winners, regardless of their being older or younger than oneself.  Secondly, a big thinker (observer) would have noticed that nowadays, one can live into their 90s.  In the case of these two jackpot winners, each is in their early 60s, which makes them 'latter middle-aged.'  Therefore, each should be budgeting with an eye to the possibility of requiring spending monies up to 37 more years.  I am glad that their have their minds geared towards gifting monies towards those individuals that they know vs. long-arm-transaction formal charities.

Anyhow, CONGRATULATIONS to these two winners! 

Caveat:  Certainly, would have been kinder and wiser if EACH member of their immediate 4-adult persons family had claimed this huge jackpot (apx. pre-taxed $57.25/each) on the Minnesota Lottery's claim form though!!!  That way EACH of the 4 adults would have been made multiple-millionaires within a month.  However, apparently it was more important to be an impulse, unrested, fast-mover:  be high on the mental adrenalin of winning big $$$, sleep for about two hours, skip breakfast so as to remain unrecharged, eat an unnecessary free lunch at a restaurant after presenting yourselves as jackpot winners to the owners, drive a few hours to the lottery office to personally obtain and fill-out a claim form (that forgets about one's two adult daughters who appear to be very close logistically AND emotionally to your life), give a "cleaver" interview (repeatedly saying "bought five random (computer generated) tickets" rather than the more accurate "bought 1 ticket with 5 draw lines"), then wait the additional 2-4 weeks required before receiving the jackpot funds electronically into their deposit account. Unfortunately, as a result of their unrested "fire-aim-ready approach" it is too late for these two winners to get another opportunity to first visit their financial advisor (though this 'working stiff' may have not be wise enough to ask "is their anyone aged 18 or older that you'd like to add to your one-chance-to-fill-out claim form, listing each a certain percentage subtracted from the 100% total?), or  re-fill out the claim form.  ESSENTIALLY CRAP, for their two adult daughters, it will be a real DROP when each daughter eventually realizes this unintended HUGE financial void!!!

Cheers

Having several millions of dollars in my financial accounts means receiving several valuable services each day!

Disney

    GiveFive's avatar - Lottery-026.jpg
    NY State
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    Posted: August 14, 2011, 8:50 am - IP Logged

    From watching the video, they're wonderful people and God Bless 'em!

    I cant help but wonder about something though.  He's kind of low key, he says just enough, but she isnt doing a good job holding her enthusiasm in check, which is understandable.  But she's going to have to learn to do that. 

    It strikes me that they havent yet realized how much unwanted attention is headed their way.

    About playing the lottery --  You will lose more than you win. Until you hit a jackpot.  Then everything changes!

      Avatar

      Canada
      Member #113798
      July 17, 2011
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      Posted: August 14, 2011, 10:55 am - IP Logged

      It appears that you are what is referred to as a "short term" thinker ... vs. a "big thinker."  Because a big thinker, firstly, wouldn't be resenting other winners, regardless of their being older or younger than oneself.  Secondly, a big thinker (observer) would have noticed that nowadays, one can live into their 90s.  In the case of these two jackpot winners, each is in their early 60s, which makes them 'latter middle-aged.'  Therefore, each should be budgeting with an eye to the possibility of requiring spending monies up to 37 more years.  I am glad that their have their minds geared towards gifting monies towards those individuals that they know vs. long-arm-transaction formal charities.

      Anyhow, CONGRATULATIONS to these two winners! 

      Caveat:  Certainly, would have been kinder and wiser if EACH member of their immediate 4-adult persons family had claimed this huge jackpot (apx. pre-taxed $57.25/each) on the Minnesota Lottery's claim form though!!!  That way EACH of the 4 adults would have been made multiple-millionaires within a month.  However, apparently it was more important to be an impulse, unrested, fast-mover:  be high on the mental adrenalin of winning big $$$, sleep for about two hours, skip breakfast so as to remain unrecharged, eat an unnecessary free lunch at a restaurant after presenting yourselves as jackpot winners to the owners, drive a few hours to the lottery office to personally obtain and fill-out a claim form (that forgets about one's two adult daughters who appear to be very close logistically AND emotionally to your life), give a "cleaver" interview (repeatedly saying "bought five random (computer generated) tickets" rather than the more accurate "bought 1 ticket with 5 draw lines"), then wait the additional 2-4 weeks required before receiving the jackpot funds electronically into their deposit account. Unfortunately, as a result of their unrested "fire-aim-ready approach" it is too late for these two winners to get another opportunity to first visit their financial advisor (though this 'working stiff' may have not be wise enough to ask "is their anyone aged 18 or older that you'd like to add to your one-chance-to-fill-out claim form, listing each a certain percentage subtracted from the 100% total?), or  re-fill out the claim form.  ESSENTIALLY CRAP, for their two adult daughters, it will be a real DROP when each daughter eventually realizes this unintended HUGE financial void!!!

      Cheers

      You made excellent, well-thought-out points. Very few people think about what they would do should they win the lottery. I have, and know exactly what I would do when I win the jackpot.

        Avatar

        Canada
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        Posted: August 14, 2011, 11:25 am - IP Logged

        As a follow up to my previous post, HaveABall, lottery winnings are not taxed in Canada, nor are gifts.

        If a US visitor buys a lottery ticket in Canada and wins a jackpot, he will be given a cheque for the full amount. However, when he returns home he will have to report his win to his Uncle and pay the taxes due on it.

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          Haiti
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          Posted: August 14, 2011, 11:36 am - IP Logged

          I wish them courage and good fortune as long as they live on earth ! ! !

            dpoly1's avatar - driver
            PA
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            Posted: August 14, 2011, 12:06 pm - IP Logged

            At age 58 I am glad that the "old" win alot of the jackpots!

            Sun Smiley

              RJOh's avatar - chipmunk
              mid-Ohio
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              Posted: August 14, 2011, 12:58 pm - IP Logged

              I have been wondering why always the money goes to retired olds and  not goes to young people who have tremendous amount of responsibilities ahead

              that pisses me off

              It goes to the people who have  the winning tickets.  If young people want to win more, maybe they should try spending more on lottery tickets instead of beer and cigarettes.

               * you don't need to buy more tickets, just buy a winning ticket * 
                 
                           Evil Looking       

                HaveABall's avatar - rocket

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                Posted: August 14, 2011, 2:15 pm - IP Logged

                It goes to the people who have  the winning tickets.  If young people want to win more, maybe they should try spending more on lottery tickets instead of beer and cigarettes.

                ... and Red Bull, concerts, sports, big-screen TVs., health club memberships, fast food restaurants, vacations, medium-large pets, etc.  LOL.

                Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                Disney

                  rdgrnr's avatar - walt
                  Way back up in them dadgum hills, son!
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                  Posted: August 14, 2011, 2:18 pm - IP Logged

                  It goes to the people who have  the winning tickets.  If young people want to win more, maybe they should try spending more on lottery tickets instead of beer and cigarettes.

                  I have found it possible and quite pleasurable, I might add, to buy lottery tickets and copious amounts of beer which I consume with reckless abandon.

                  Whiskey too.

                  I gave up cigarettes though which provides an improved cash flow, facilitating increased expenditures for binge drinking after presidential news conferences.

                  But you're quite correct in asserting that a man's got to know his limitations.

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                    Republic of Texas
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                    Posted: August 14, 2011, 2:28 pm - IP Logged

                    From watching the video, they're wonderful people and God Bless 'em!

                    I cant help but wonder about something though.  He's kind of low key, he says just enough, but she isnt doing a good job holding her enthusiasm in check, which is understandable.  But she's going to have to learn to do that. 

                    It strikes me that they havent yet realized how much unwanted attention is headed their way.

                    It strikes me that they havent yet realized how much unwanted attention is headed their way.


                    Exactly what I was thinking.

                    I also wonder at the lack of mention for an estate atty. At least I do not recall the mention. I'd call the atty before I'd call the planner. Then have the meeting with both at the same time.

                    Best of luck to them.

                    face

                    singlewinnersinglewinnersinglewinner   

                      eddessaknight's avatar - nw paladin.jpg
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                      Posted: August 14, 2011, 4:04 pm - IP Logged

                      Listening & Acting to Our Intutions-

                      it is vital for our mental health to keep the channels open, because when the voices of the gods are shut out, the devils often take up residence.

                      EddessaKnight Sun Smiley
                        HaveABall's avatar - rocket

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                        Posted: August 14, 2011, 4:42 pm - IP Logged

                        Listening & Acting to Our Intutions-

                        it is vital for our mental health to keep the channels open, because when the voices of the gods are shut out, the devils often take up residence.

                        EddessaKnight Sun Smiley

                        What happens when the gods and the devils aren't available?

                        Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                        Disney

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
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                          Posted: August 14, 2011, 4:48 pm - IP Logged

                          Listening & Acting to Our Intutions-

                          it is vital for our mental health to keep the channels open, because when the voices of the gods are shut out, the devils often take up residence.

                          EddessaKnight Sun Smiley

                          That's what all my wives never understood about all them other wimmins.

                          The devil made me do it!


                                                                       
                                               
                                                                   

                           

                           

                           

                           

                                                                                                                             

                          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                      --Edmund Burke

                           

                           

                            GiveFive's avatar - Lottery-026.jpg
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                            Posted: August 14, 2011, 5:12 pm - IP Logged

                            It strikes me that they havent yet realized how much unwanted attention is headed their way.


                            Exactly what I was thinking.

                            I also wonder at the lack of mention for an estate atty. At least I do not recall the mention. I'd call the atty before I'd call the planner. Then have the meeting with both at the same time.

                            Best of luck to them.

                            What the video is so aptly demonstrating is a mistake that is made by many lottery jackpot winners. They havent had sufficient time to think it all over and decide what to do next.  They claimed the money too quickly.

                            At the risk of offending some of the ladies that post here, I have to believe that she's the reason for that. She cant contain herself.  Notice she responded to every question, even if the question was directed towards the husband.  I also think he knows her very well, and he's content to let her have her way. And there's nothing wrong with that, if that's what he thinks he should do.  I understand why he might do that, because it's what I do with my wife. We've been happily married over thirty years.

                            IMHO, there's a lot that can be learned from the mistake being made in the video.  Dont get me wrong, I wish them no ill-will.  But they are being presented to the public far too early, and that's on them.  The drawing was held less than a week ago.  They probably did visit their financial planner/advisor prior to going public, but it takes more time than fewer than seven days to get it right.  They've got too much thinking and discussing that needs to be done. 

                            But hey... her frustration about him not being able to retire is now gone.  That aint so bad!

                            About playing the lottery --  You will lose more than you win. Until you hit a jackpot.  Then everything changes!

                              TheGameGrl's avatar - character catafly.jpg
                              A long and winding road
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                              Posted: August 14, 2011, 5:13 pm - IP Logged

                              LOL  Ahhh, the hubris of the young.  Before you know it, Pharaoh, you'll be their age. Good for you if you've got tremendous responsibilites ahead of you. Now you can experience the same joy they did in living a good, contributing, responsible life and hope there's a happy surprise in it for you, too.  Trust me on this...you NEVER get so old that you aren't grateful for a lottery win.

                              To answer your question, though, the reason it goes so often to retired old people is because that's who's playing the lottery. At your age, you ought to be saving your money and socking it away for retirement instead of hoping that a one in 95 million chance on winning a lottery will solve all your problems.

                              Said quite politely. Thank you for gearing that matter accordingly. I have a huge problem with young folks wanting hand outs blowing it on things not worth long term then rushing back to the elders for more money.

                              As a poster said, we really arent as anonymous as we would like to think we are. Drive on a highway, snap!Photo taken. Go to a bank, Snap photo taken, walk down a street, snap picture taken. Talk on a phone...it is being recorded for your *cough*, Protection.

                              I dont care if the winners stuff the money in a giraffe and dance around with it for years...its their winnings...have at it.

                              I would have told the cashier to keep the money flowing on player tickets, that way its more money in the pot when claimed :)

                              ~~Is it true, Is it kind,Is it necessary. ~~~

                              christmas holly jolly numbers: 255,303,6911, 474,477 silver:47,gold:79.