Welcome Guest
Log In | Register )
You last visited December 4, 2016, 9:25 pm
All times shown are
Eastern Time (GMT-5:00)

Minnesota man claims share of $448M Powerball jackpot

Topic closed. 60 replies. Last post 3 years ago by jamella724.

Page 3 of 5
53
PrintE-mailLink
helpmewin's avatar - dandy
u$a
United States
Member #106665
February 22, 2011
19754 Posts
Offline
Posted: August 8, 2013, 9:43 pm - IP Logged

I Agree!I have my tix for fri. and sat. and I wont complain if I win $40 million.

they say the early bird gets the wormHat

    Avatar
    Baton Rouge, LA
    United States
    Member #4602
    May 7, 2004
    699 Posts
    Offline
    Posted: August 8, 2013, 9:58 pm - IP Logged

    I wish this gentleman well I agree with what has been expressed here before that one should plan before claiming the prize. Many other winners who have claimed publicly like this end up being hounded by people looking for money, something I wouldn't want to deal with. I read a story once about an American lottery jackpot winner who got a call from Indonesia asking for money.

    Also, I'd want professional advice on how to make it last the rest of my life, along with how to minimize tax burden, asset protectin, and to decide what I'd do with my free time. There are just so many things to think about if this were to happen to me.

    What I would do is claim with a trust or corporation, mainly for privacy purposes. If it were determined I could have sufficient income to quit my job, I'd probably wait until a few months after the win to do so, as to not arouse suspicion. I just want to go live my life in peace, I don't need attention.

    Prisoner Six

    "I am not a number, I am a free man!"

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
      United States
      Member #73904
      April 28, 2009
      14903 Posts
      Offline
      Posted: August 8, 2013, 10:04 pm - IP Logged

      I hope he ain't related to the White's in West Virginia.

      Cuz he's gonna have 'em all up there lookin' for him if he is.

      I know one of the ol' boys moved up there with his family a while back.

      So he could be related to Jesco White, the Dancin' Outlaw.

      Lord help him if he is, lol.

      http://www.youtube.com/watch?v=pUIapa-U0bY

        helpmewin's avatar - dandy
        u$a
        United States
        Member #106665
        February 22, 2011
        19754 Posts
        Offline
        Posted: August 8, 2013, 10:20 pm - IP Logged

        I hope he ain't related to the White's in West Virginia.

        Cuz he's gonna have 'em all up there lookin' for him if he is.

        I know one of the ol' boys moved up there with his family a while back.

        So he could be related to Jesco White, the Dancin' Outlaw.

        Lord help him if he is, lol.

        http://www.youtube.com/watch?v=pUIapa-U0bY

        Green laugh

          Avatar
          wisconsin
          United States
          Member #130754
          July 23, 2012
          198 Posts
          Offline
          Posted: August 8, 2013, 10:50 pm - IP Logged

          Being a Minnesotan who just happens to be living in the land of cheese and beer I say good for him.Big Grin

           

          But I still think he should have waited until he got his affairs in order and secured the safety of his loved ones and friends.

            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
            Bay Area - California
            United States
            Member #136477
            December 12, 2012
            4105 Posts
            Offline
            Posted: August 9, 2013, 12:49 am - IP Logged

            Congratulations to all the winners- this person won fair & square,  had he camped on the lottery doorsteps overnight - that would be his choice. Hope they have many happy moments and live full & productive lives.
            Party

              RedStang's avatar - tallman zps6gf4inoc.jpg
              NY
              United States
              Member #121961
              January 21, 2012
              3157 Posts
              Offline
              Posted: August 9, 2013, 12:59 am - IP Logged

              I hope he ain't related to the White's in West Virginia.

              Cuz he's gonna have 'em all up there lookin' for him if he is.

              I know one of the ol' boys moved up there with his family a while back.

              So he could be related to Jesco White, the Dancin' Outlaw.

              Lord help him if he is, lol.

              http://www.youtube.com/watch?v=pUIapa-U0bY

              LOL @ 1:50

                savagegoose's avatar - ProfilePho
                adelaide sa
                Australia
                Member #37136
                April 11, 2006
                3300 Posts
                Offline
                Posted: August 9, 2013, 1:03 am - IP Logged

                Why does he need a line of credit?  He has a job.

                line of credit on $86 mill?  you can start spending as soon as you have credit, otherwise you must wait how ever long for the check to clear.

                2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297


                  United States
                  Member #143931
                  June 18, 2013
                  14 Posts
                  Offline
                  Posted: August 9, 2013, 2:44 am - IP Logged

                  Since MN and NJ do not allow lottery winners to anonymously claim their winnings, I wonder if this issue was part of his logic to swiftly come forward to claim his share of the jackpot.

                  Personally, I’ve always felt that privacy, safety and health should be paramount on lottery winner’s lists. First, it’s prudent to hire legal counsel to get liability protections, asset protection measures and estate matters in place. It’s a crazy world and nothing would take precedence over protecting self, family, and the windfall, especially since health matters can suddenly occur without warning and how frivolous lawsuits are so common these days.

                  I’d also consult with a tax attorney/accountant to explore provisions to efficiently capitalize on reducing tax liabilities and discuss my desire to eventually partake in faceless charity. Consulting with financial planners would also be part of the process. I’d want to begin dialogue to develop strategies for annual income generation, steady wealth accumulation and preservation. 

                  Remember: financial success is a process just like learning and growing are processes. Playing great offense (income generation) and even greater defense (being frugal), and anchor it with persistent planning and meticulous budgeting is smart.

                  As for establishing a line of credit, there’s no way I’d be credit dependent – job or no job. This sort of windfall creates an unprecedented cash position for the winner, so it’s crazy to establish/use a line of credit, pay interest, and be a slave to bankers. At the presser, this guy said lottery officials said it would be about 2 weeks before he receives the payout, which is via bank wire. These two weeks will fly by.  I’d utilize the time to transition my responsibilities at work, begin to deliberate my future, and develop financial plans.

                    Avatar
                    Kentucky
                    United States
                    Member #32652
                    February 14, 2006
                    7298 Posts
                    Offline
                    Posted: August 9, 2013, 3:32 am - IP Logged

                    Why does he need a line of credit?  He has a job.

                    "I don't want to work for anybody else for the rest of my life for a paycheck."

                    Didn't you read the article?

                      Avatar
                      Kentucky
                      United States
                      Member #32652
                      February 14, 2006
                      7298 Posts
                      Offline
                      Posted: August 9, 2013, 3:37 am - IP Logged

                      And this is the part I don't understand, even though I realize TAXES must be paid......The Winner started off  with $149,000000 millls,  and the TAXES drag him  down to almost $30,00000 mills...They eat him up before he sees 1 penny of the Winnings........It;s such a  crazy ripoff......

                      Thud



                      White mentioned that in his interview. After he is done paying state and federal taxes, the $149 million will be closer to $80 million.

                        fja's avatar - gnome1

                        United States
                        Member #91
                        January 19, 2002
                        11927 Posts
                        Offline
                        Posted: August 9, 2013, 6:21 am - IP Logged

                        Besides the jackpot, 38 people held tickets worth $1 million or more. They did it by matching the five non-Powerball numbers. Four of the 38 selected Power Play, which doubles the payout in exchange for paying $3 instead of $2 for the ticket.

                         

                        Notice how they did not say that 9 of the 38 -5+0 winning tickets from California only recieved $289,300.00 each.

                        "Everybody has to believe in something...I believe I'll have another beer!"   = W.C.Fields                      

                          Saylorgirl's avatar - Lottery-065.jpg
                          Indiana
                          United States
                          Member #129225
                          June 13, 2012
                          546 Posts
                          Offline
                          Posted: August 9, 2013, 6:45 am - IP Logged

                          "I don't want to work for anybody else for the rest of my life for a paycheck."

                          Didn't you read the article?

                          He also said in his interview that his desk was full and he would be finishing up his work and not leave the company in the lurch.

                            Saylorgirl's avatar - Lottery-065.jpg
                            Indiana
                            United States
                            Member #129225
                            June 13, 2012
                            546 Posts
                            Offline
                            Posted: August 9, 2013, 6:53 am - IP Logged

                            White mentioned that in his interview. After he is done paying state and federal taxes, the $149 million will be closer to $80 million.

                            Actually the $149 million was just his total share of the overall jackpot.  He took the cash option which took his third to $86 million.  Then he pays taxes on that amount which will put him close to $46 million.

                              olplugger's avatar - moon2
                              Mechanicsville, VA
                              United States
                              Member #84145
                              December 23, 2009
                              1523 Posts
                              Offline
                              Posted: August 9, 2013, 7:42 am - IP Logged

                              Skeptical a buck blind sez he'll be broke inside of 3 1/2 years

                              I Agree!  He's already buying houses, cars, etc.  Of course, it's Mr. White's bucks and I congratulate him on winning.

                              "Whatever the human mind can conceive and believe it can achieve."

                              Napoleon Hill, Author of "Think & Grow Rich"