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Eastern Time (GMT-5:00) | You just won a huge lottery jackpot! Now what?
Central TN United States Member #121187 January 4, 2012 6073 Posts Offline | Ok BUYLOW.. what is #5 ??..nooo not the dollar amount Integrity: There is no substitute. "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last." | | |
Florida United States Member #61433 May 22, 2008 1228 Posts Offline | DANG BuyLow! You really think you are going to win tonight huh? WOW! I always run a spreadsheet on current jackpots. Just have to change a few numbers and the rest auto calculates. I know myself, so I know I must have a plan.  Don't want to be Jack Whittaker or David Lee Edwards.  | | |
Florida United States Member #61433 May 22, 2008 1228 Posts Offline | Ok BUYLOW.. what is #5 ??..nooo not the dollar amount House/Cars/Boat/My Brother/Others  | | |
New Member Boring Oregon United States Member #192984 October 18, 2018 79 Posts Offline | That is pretty cool BuyLow! I hope your dream comes true! I just wish I was Paul Allen's brother! (The $20 billionaire that recently died) | | |
Central TN United States Member #121187 January 4, 2012 6073 Posts Offline | House/Cars/Boat/My Brother/Others Welllll now.... $20 Million ???... out of almost 600 Million...Family and friends is right up there I see How we breaking that down ?? $10 Million Dollar House, $8 Million dollar boat........ .. Sorry, couldn't resist Integrity: There is no substitute. "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last." | | |
Missouri United States Member #164732 March 13, 2015 295 Posts Offline | I wouldn't need a team. A lawyer, yes, maybe an accountant, but some large team isn't necessary. I'm not stupid. If and that's a big IF I win at all. I will give money away that's a fact. I'm not that materialistic. But I will move far away from where I live where not a soul knows me. I will give and live a good life. | | |
Mt Sterling, IL United States Member #192745 October 8, 2018 199 Posts Offline | "but if you won tonight's behemoth of a jackpot there would be no end to the media interest." Lots of people are suggesting "wait to validate the ticket", "get you ducks in a row", "hire a financial planner", "take the payments" and several other things. The problem is, winning a jackpot is not "one size fits all" so it's really about personal preferences. IMO, the longer the winner wait, the more media scrutiny of the winner. Which may include paying a clerk to view the security tapes. It might take six week after validating the ticket to get all the money and I've always wondered how someone without their ducks lined up now, how could they line them up without at least some of the jackpot money. Most people have no clue how to invest their money and is it really necessary to talk to a planner before validating the ticket? Today the real "dog and pony" show were the people buying tickets that never played before. Saw a guy calling out the numbers he wanted to play. When he asked for "82", the clerk told him to fill out a play slip, he looked like a deer in the headlights. There was on the counter "Cash only for lottery tickets" and when I said to the clerk, "I thought everyone knew that", she said most of the players never played before. Based on what I saw today, one winner, the first ticket they ever bought, and they will hold a world class dog and pony show. Good luck! Best of luck to you, Stack47! Yesterday I went to buy my tickets (I went to a town about 40 minutes away, just because I had to go to Home Depot anyway, I figured it would draw some of the heat away if I won. lol) I walked up to the counter and told the girl "I'm going to test your E.S.P. abilities... What am I here to purchase?" She just looked at me and asked how many I wanted. Three road construction dudes were behind me, and I could hear them saying how they'd never bought a lottery ticket before, they just couldn't see the point in it. I could tell that they were building up to giving me crap for wasting $21, and they would've if they'd known me, but I guess they decided that discretion is the better part of valor, and besides, I could've been the wrong kind of psycho as far as they knew... lol... I agree about getting your ducks in a row. I'm fortunate in that my bank is privately owned, and I'm friends with the two loan officers there. I know them to be discrete, and they'd loan me a couple hundred grand with a handshake and a signature (that goes double if I showed them a copy of my winning ticket! lol) So I'd be able to get set up somewhere warm and distant before I ever had to worry about turning in my ticket or cashing that big fat check! | | |
Florida United States Member #61433 May 22, 2008 1228 Posts Offline | Welllll now.... $20 Million ???... out of almost 600 Million...Family and friends is right up there I see How we breaking that down ?? $10 Million Dollar House, $8 Million dollar boat........ .. Sorry, couldn't resist Sounds stingy lol.......Big giving upfront doesn't usually pan out well from what I can tell......and, My bro is the only one left of my family. I would set him up well so he didn't have to work but a BIG windfall would not be good for him, so I would buy him a bunch of houses put in a trust for rental income and give him like $250,000 cash up front. I would give the maximum per year to all my friends and their family members, a family of four that would be like $56,000.00 per year. If I can replace one income and the mom or dad can stay home with the kids that would make me happy. How will you dole out your millions? | | |
Central TN United States Member #121187 January 4, 2012 6073 Posts Offline | Sounds stingy lol.......Big giving upfront doesn't usually pan out well from what I can tell......and, My bro is the only one left of my family. I would set him up well so he didn't have to work but a BIG windfall would not be good for him, so I would buy him a bunch of houses put in a trust for rental income and give him like $250,000 cash up front. I would give the maximum per year to all my friends and their family members, a family of four that would be like $56,000.00 per year. If I can replace one income and the mom or dad can stay home with the kids that would make me happy. How will you dole out your millions? Stingy....lolololol... i was thinking along the lines of "a part of your anatomy is so tight that if you ever broke wind,the only thing that would hear you is a dog",,But I digress after your full explanation.......... Mine is a bit more family/friends oriented, staying away from real estate adventures, other than a home and land. Family/friends- $287 M, the Mrs( aka The War Dept) and me about $120M for the nest egg, house(s), vehicles, toys. $75M to various charities. $50M to Wounded Warriors and the remainder to start our own charity. *Subject to change Integrity: There is no substitute. "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last." | | |
Florida United States Member #61433 May 22, 2008 1228 Posts Offline | Stingy....lolololol... i was thinking along the lines of "a part of your anatomy is so tight that if you ever broke wind,the only thing that would hear you is a dog",,But I digress after your full explanation.......... Mine is a bit more family/friends oriented, staying away from real estate adventures, other than a home and land. Family/friends- $287 M, the Mrs( aka The War Dept) and me about $120M for the nest egg, house(s), vehicles, toys. $75M to various charities. $50M to Wounded Warriors and the remainder to start our own charity. *Subject to change Good plan, a bit to generous for my tight body parts though!    | | |
Mt Sterling, IL United States Member #192745 October 8, 2018 199 Posts Offline | Allow me to state the obvious, but it's mind-blowing that the PB is $620M, an astounding jackpot... Meanwhile, the MM is (almost) A BILLION DOLLARS richer than that! I'm so proud of my underdog MM! lol | | |
DMV United States Member #183844 August 18, 2017 305 Posts Offline | Stingy....lolololol... i was thinking along the lines of "a part of your anatomy is so tight that if you ever broke wind,the only thing that would hear you is a dog",,But I digress after your full explanation.......... Mine is a bit more family/friends oriented, staying away from real estate adventures, other than a home and land. Family/friends- $287 M, the Mrs( aka The War Dept) and me about $120M for the nest egg, house(s), vehicles, toys. $75M to various charities. $50M to Wounded Warriors and the remainder to start our own charity. *Subject to change Yeah I agree I want to share the pot of gold with many family and a few friends. Will I invest sure but I don't need to take 600 million post tax and turn it into 5 billion before I turn 60. | | |
Mt Sterling, IL United States Member #192745 October 8, 2018 199 Posts Offline | I was all for dividing it up between my loved ones, but since I found out I'd have to pay an additional 40% gift tax above $11M, then screw 'em, they can divide the $11M! I don't like them THAT much! LOL | | |
DMV United States Member #183844 August 18, 2017 305 Posts Offline | I was all for dividing it up between my loved ones, but since I found out I'd have to pay an additional 40% gift tax above $11M, then screw 'em, they can divide the $11M! I don't like them THAT much! LOL LOL just get married to random <insert gender> so they can gift people 11 million without knowing it.  (that was a joke) | | |
Mt Sterling, IL United States Member #192745 October 8, 2018 199 Posts Offline | LOL just get married to random <insert gender> so they can gift people 11 million without knowing it. (that was a joke) Well, maybe with an iron-clad prenuptual agreement! lol.. Not a bad plan! | | |
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