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$311 MILLION: Here comes Powerball

Topic closed. 95 replies. Last post 5 months ago by Artist77.

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Groppo's avatar - cat anm.gif

United States
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January 7, 2015
506 Posts
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Posted: July 11, 2016, 12:50 pm - IP Logged

Mega fewer rollover to powerball fewer. tickets cost twice as much let it soar, let it roar too

.

Mr./Ms. EasyGoing123Go,

Did you mean to say "Mega fever" and "Powerball fever", as opposed to "fewer"?

No biggy.

 

Thank you,
Mr. Groppo

  • Don't chase the numbers you play.
  • Play only numbers you've already played, plus however many random picks.
  • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
            (so far, though, I've yet to win any significant lotto prize)
    music*'s avatar - nw bookeep.jpg
    Happy California
    United States
    Member #157856
    August 2, 2014
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    Posted: July 11, 2016, 12:52 pm - IP Logged

    I'm grateful that the NY lottery doesn't require me to choose at time of purchase. I see the advantages and disadvantages of both and I'm gonna need a lot of time to decide.

     Use that time to create a team of professional advisers. Such as a Trust & Estate Attorney, a CFP is a Certified Financial Planner, and an accountant, enrolled agent or CPA a Certified Public Accountant. They should listen to you and help you decide which way to go. Dance

     I've been rich and I've been poor. Believe me, rich is better. 

     Attributed to Joe E. Lewis and others

      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
      Bay Area - California
      United States
      Member #136477
      December 12, 2012
      4108 Posts
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      Posted: July 11, 2016, 1:45 pm - IP Logged

      It's going to be won .. Son.

      People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

        Avatar
        Chattanooga, TN
        United States
        Member #74194
        May 5, 2009
        74 Posts
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        Posted: July 11, 2016, 2:08 pm - IP Logged

         What if a young person won? Maybe in her early twenties. She may want to take the 30-year plan.

         We have to wait until the interest rates rise.

          A win by a Californian would net him/her about $133.7 million from a PB win. I could live off a million for the rest of my life. I do have plans for the rest of it.

         See you all in the winner's circle!

        I still think that taking the cash will yield a better return... Of course with trusted financial planning and tax preparation. You would still be protected from increasing tax rates if invested wisely in the right items, tax free municipal bonds, stocks, insurance... Etc. Etc.

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          December 13, 2015
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          Posted: July 11, 2016, 3:31 pm - IP Logged

          This has nothing to do with Powerball, but I'm dying for a chocolate bar like a Snickers

            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
            Bay Area - California
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            December 12, 2012
            4108 Posts
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            Posted: July 11, 2016, 4:28 pm - IP Logged

            This has nothing to do with Powerball, but I'm dying for a chocolate bar like a Snickers

            Actually you could create a bridge between the two jac: You could win this JP & buy into the chocolate company. It's all part of connective issue.Big Smile 

            Sure beats talking about politics. 

            People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

              music*'s avatar - nw bookeep.jpg
              Happy California
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              Posted: July 11, 2016, 5:53 pm - IP Logged

              Actually you could create a bridge between the two jac: You could win this JP & buy into the chocolate company. It's all part of connective issue.Big Smile 

              Sure beats talking about politics. 

              jacintasc & noise-gate, There are some winners who worked in the IT department of New York in Albany. Albany is the capital of NY. Anyway, the designated person to buy the tickets was in line and noticed a dark chocolate snickers for sale. So he leaned toward the candy bar and at that split second a man took his place in line. The designated buyer thought to himself, "Now that is rude. Should I say anything?" The buyer purchased his quick picks and left. I am sure you can guess who won! The IT department won and the buyer remembered what had occurred and said, "what if that man had stayed in his place in line would he have won?"

              Spooky!Mad

               I've been rich and I've been poor. Believe me, rich is better. 

               Attributed to Joe E. Lewis and others

                music*'s avatar - nw bookeep.jpg
                Happy California
                United States
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                August 2, 2014
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                Posted: July 11, 2016, 5:57 pm - IP Logged

                I still think that taking the cash will yield a better return... Of course with trusted financial planning and tax preparation. You would still be protected from increasing tax rates if invested wisely in the right items, tax free municipal bonds, stocks, insurance... Etc. Etc.

                adamc224, What about mutual funds? Do you have an opinion about those?

                 I've been rich and I've been poor. Believe me, rich is better. 

                 Attributed to Joe E. Lewis and others

                  noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                  Bay Area - California
                  United States
                  Member #136477
                  December 12, 2012
                  4108 Posts
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                  Posted: July 11, 2016, 6:58 pm - IP Logged

                  jacintasc & noise-gate, There are some winners who worked in the IT department of New York in Albany. Albany is the capital of NY. Anyway, the designated person to buy the tickets was in line and noticed a dark chocolate snickers for sale. So he leaned toward the candy bar and at that split second a man took his place in line. The designated buyer thought to himself, "Now that is rude. Should I say anything?" The buyer purchased his quick picks and left. I am sure you can guess who won! The IT department won and the buyer remembered what had occurred and said, "what if that man had stayed in his place in line would he have won?"

                  Spooky!Mad

                  Like reading about events like that that turn out for the best. Miss Gloria down in Florida did the same thing in reverse and the rest is history. A year or two ago, a woman played the numbers from a fortune cookie and walked away with close to a million- pre tax.You just never know when you going to hit it.

                  People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                    TheMeatman2005's avatar - lightening
                    Brooklyn, NY
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                    October 29, 2015
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                    Posted: July 11, 2016, 7:06 pm - IP Logged

                    Like reading about events like that that turn out for the best. Miss Gloria down in Florida did the same thing in reverse and the rest is history. A year or two ago, a woman played the numbers from a fortune cookie and walked away with close to a million- pre tax.You just never know when you going to hit it.

                    And that, my friends, is why my signature states...

                    Winning happens in a flash, Like A Bolt Of Lightning!

                    The Meatman

                    “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                    Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

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                      New Member

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                      June 30, 2016
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                      Posted: July 11, 2016, 7:56 pm - IP Logged

                      Last week similar thoughts crossed my mind.

                       

                      I went to a convenience store after lunch to buy a MM ticket. I was 3rd in line at the checkout; their systems were running slow and they had a new cashier - cumulative effect the line was moving slow.

                       

                      After the 2nd guy walked up, i walked to another cashier and asked for one MM ticket. The guy in front of me who went to a different cashier wanter more than 5 tix.

                      It turned out that the other cashier (not mine) was running the lottery machine and cashier i went to was collecting cash.

                      For whatever reason the lady running the lottery machine called me over and gave me my 1 ticket before she processed the 5+ for the guy in front of me.

                       

                      I apologised to the guy in front for cutting in front of him without cutting the line. He understood it was not my fault.

                       

                      On the way back to work, i remembered Gloria's story and made me wonder: Is the turn of events the lucky cue for me??? And made me dream.

                       

                      But alas, it was not won in my state. :)

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                        New Member

                        United States
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                        Posted: July 11, 2016, 8:26 pm - IP Logged

                        I find it very amusing how we all talk about millions of dollars as if it is just peanuts anymore. Let me put in perspective for everyone. If you have a job that pays you $50,000.00 per annum, you will have to work for 20 years to make a million dollars . Picture yourself working at a job you don't like for 20 years just to make a million. Come to think of it, a good percentage of posters on this site, don't even make close to that amount{$50,000.00} a year and some unfortunate ones, don't even have a job. Ladies and gentlemen, let's show some respect to a million dollars. IT STILL PACKS A PUNCH AND STILL GOES A LONG WAY.

                        Excellent post "mypiemaster".

                         

                        To exaggerate a little bit along similar lines, if one can live comfortably with 200K per annum post taxes spending money, that is almost equivalent to having a cushy job that pays about 300K salary per annum.

                        My plans for the current PB jackpot:

                        Claim cash option - would net about 121mm after all taxes.

                        Spend 3mm in the first year for some big ticket purchases.

                        5mm in a savings account. Draw 200K per annum from this account for spending/living expenses. Expect this 5mm to last about 20 years at this rate of draw.

                        5mm in municipal bonds

                        40mm in conservative investments

                        30mm in aggressive investments

                        20mm to build real estate portfolio - this not only generates some income but also builds wealth

                        18mm in a rainy day fund

                         

                        All the charitable works will come from the 200K annual spending money and the incomes from the investments.

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                          Simpsonville
                          United States
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                          January 22, 2015
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                          Posted: July 11, 2016, 8:49 pm - IP Logged

                           Use that time to create a team of professional advisers. Such as a Trust & Estate Attorney, a CFP is a Certified Financial Planner, and an accountant, enrolled agent or CPA a Certified Public Accountant. They should listen to you and help you decide which way to go. Dance

                          Great post and don't forget an LLC!

                           

                          Cashball needs to be mine tonight.  I could do so much that approximate 

                          $140K.

                            wander73's avatar - Lottery-038.jpg
                            Philadelphia, PA
                            United States
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                            March 24, 2014
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                            Posted: July 11, 2016, 10:23 pm - IP Logged

                            I don't get why so many people get fooled because the winner/winners only get a fraction of the lottery.  When my dad was alive and I mentioned to him about a previous winner with annuity he said this.  "How do you know about that person?"   He was right. 

                             

                            We all know three things the winner needs.  Financial planner, accountant, lawyer.  Then figure out game plan.

                             

                            I will be watching certain members and numbers.

                              dpoly1's avatar - driver
                              PA
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                              October 16, 2008
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                              Posted: July 11, 2016, 10:38 pm - IP Logged

                               Use that time to create a team of professional advisers. Such as a Trust & Estate Attorney, a CFP is a Certified Financial Planner, and an accountant, enrolled agent or CPA a Certified Public Accountant. They should listen to you and help you decide which way to go. Dance

                              Hit With Stick

                              My mom used a CFP for her life insurance .......... and now she has NO life insurance .......... they are crooks!

                              dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                               

                              Eschew Poverty ........... Vote Conservative!