Lessons Learned: Lottery winners should never eat their seed corn

Comment #4

gy65 — Wed, 15 Mar 2006 02:49:29 GMT

In higher brackets, municipal-bond yields are enticing. For example, in the 35 percent bracket, a Nebraska tax-exempt bond yielding 5 percent is the equivalent of having a taxable bond yielding 7.69 percent.

And the AMT complicates calculations even further:

'AMT-free' Bond Funds Dodge Tax Affecting Millions

http://news.morningstar.com/news/DJ/M02/D19/200602192319DOWJONESDJONLINE000402.html

Comment #3

mylollipop — Wed, 15 Mar 2006 01:49:42 GMT

Definitely, do NOT eat the seed corn

Comment #2

spy153 — Tue, 14 Mar 2006 21:43:13 GMT

Comment #1

dvdiva — Mon, 13 Mar 2006 18:38:16 GMT

5% cds? Not at Bank of America. I think the best stratagy would be to have a diverse portfolio.

Lessons Learned: Lottery winners should never eat their seed corn

Lottery Post — Mon, 13 Mar 2006 12:57:00 GMT

You surely have fantasized about what you'd do after winning one of the big lotteries.

First, of course, on your buy list would be a hot, red convertible. Then, when spring arrives, you and a significant other could drive the convertible to Winter Park in the Denver area, to shop for a log second home in the $400,000 price range.

With that mission accomplished, you might return to Nebraska and pay off the mortgage of every family member.

Finally, you'd schedule a friends-and-family Cari... [ More ]