Twelve things not to do if you win the lottery

Comment #126

fastball 9 — Tue, 01 Oct 2013 04:49:39 GMT

I think the article had a bit of 'tongue in cheek' aspect to it. At least that's how I read it.

Seriously enough it did point out errors winners had made (I recognized several). The tone of the article was pretty much 'don't do that' and you'll be ok.

I still have problems with rules states have for claiming the prize, and not allowing winners to remain anonymous. Having to go public gets most winners off to a bad start and habits. If you can claim anonymously at least you can ge... [ More ]

Comment #125

jamella724 — Tue, 17 Sep 2013 11:27:57 GMT

I agree this article is very informative. Winners should keep the given advice in their minds so they will not be able to commit the same simple mistakes. Winners should be wise when it comes to spending their money. They should also learn how to invest so that they will not end up broke again. Once I win I will definitely follow these advice.

Comment #124

sully16 — Sat, 14 Sep 2013 14:08:07 GMT

Good point

Comment #123

maximumfun — Sat, 14 Sep 2013 05:58:43 GMT

I like #11... why oh why would anyone get celeb envy when they could enjoy the life of their dreams

Comment #122

KY Floyd — Wed, 11 Sep 2013 18:33:32 GMT

My advice if you win is to not tell anybody anything you don't have to. If anybody is going to try and get as hare that they aren't entitled to there's no point in giving them any info that might be useful. Don't even people that you won, let alone where and when you bought the winning ticket.

As for what the lottery tells the public, there's nothing you can do about that. In some states they release general information, such as the town or county where a winning ticket was sold. In New York,... [ More ]

Comment #121

Jill34786 — Wed, 11 Sep 2013 16:49:16 GMT

In Florida the state is only obligated to disclose the winner(s) name, city of residence, game won, date won and amount won. I am sure this is similar in other states that do not allow anonymity. There is nothing that mandates you disclose your age so don't! If you have to give a press conference then have an attorney or spokesperson speak for you. You can hide behind a mask and a full body costume as there are no rules that disallow that behavior.

Your residential address is confidential so... [ More ]

Comment #120

Pita Maha — Tue, 10 Sep 2013 19:00:53 GMT

Thanks for that informative explanation, KY Floyd

So when you say to keep your mouth shut if you win - you mean to not tell everyone where you bought the ticket and when? But don't the lottery people state where the winning ticket was sold? If someone wanted to cheat you out of your winnings, they could say they bought the ticket there too, no? What if there's no security video of the winning ticket being sold at that store and at that time? Just curious, thanks. It seems like such a worry,... [ More ]

Comment #119

KY Floyd — Tue, 10 Sep 2013 15:47:09 GMT

There has to be more to this bearer instrument thing.

It's not a question of what a bearer instrument is so much as people's understanding of what it is. A bearer instrument is simply property that is not registered to the owner. That makes it the same as almost every other piece of property you own. If somebody steals your TV and tries to sell it prospective buyers may assume that the TV belongs to the person selling it, but it still belongs to you. If somebody buys the TV and you are able... [ More ]

Comment #118

Pita Maha — Fri, 06 Sep 2013 20:02:32 GMT

And I'm sure the JP winner experiences a period of immense euphoria after winning, and enjoys giving money to family, friends and their favorite charities. Making them happy and their dreams come true. It'd be easy to overdo it, especially in that initial period of time when you're on a high from winning and haven't taken the time to first plan your finances and taxes.

Some other great advice I once read was to take a very small amount of your winnings to celebrate with then put the rest away... [ More ]

Comment #117

mypiemaster — Fri, 06 Sep 2013 18:50:27 GMT

The first time you hand others big chunks of money, they appear to enjoy it. Then they come back for more, and more, and pretty soon, they start expecting it, and appreciating it less. You try to wean them off that habit, and you become the bad guy . This is when tough love comes into play, otherwise there will be a huge permanent drain hole in that good ol' proverbial pot of gold.

Comment #116

veganlife125 — Fri, 06 Sep 2013 18:47:05 GMT

Comment #115

Pita Maha — Fri, 06 Sep 2013 16:45:40 GMT

I think that's great advice - to invest it all, or most of it, and live off the investment yields. That's what I'd do. Even gifts to family, friends and charities should come out of that. Handing others big chunks of money can be problematic if they blow it all, figuring there's more where that came from and emotionally blackmailing you for more money, then more ...

Comment #114

veganlife125 — Fri, 06 Sep 2013 14:57:57 GMT

Great advice but how about adding never spend any of the principal . Thats why 80% of people lose it all. If you just put the money in 25 safe dividend paying stocks like exxon mobil, shell, walmart, costco, p g, berkshire hathaway ect your set with a 4%+ yield. How could you not live great, invest, and give to charity with only the dividends? amazing

cheers

Comment #113

mypiemaster — Fri, 06 Sep 2013 00:54:15 GMT

Takes two to Tango.

Comment #112

Stack47 — Thu, 05 Sep 2013 18:00:08 GMT

I don't see the point either. Generally less members post on a topic when this happens especially when it goes on and on. What was a good discussion quickly dies.

Comment #111

mypiemaster — Wed, 04 Sep 2013 19:31:42 GMT

You sound like a broken record, and you keep going in circles. You started poking, and just when you got poked a little, you started crying. And don't even try to hide, under the banner of rules, for something you started. I guess your insults so far, have been inspirational and educational, and not insults, huh?. I tell you what you are going to start doing from now on, you are going to post, and I will ignore your post, and we see what that does to your intellect. Somebody has to be the grown... [ More ]

Comment #110

Jon D — Wed, 04 Sep 2013 19:16:28 GMT

Nobody is immune. One of his posts from this morning was deleted.

I'll never understand the kind of people that take glee in perpetuating flame wars, especially from those quoting bible verses...

Comment #109

Stack47 — Wed, 04 Sep 2013 17:29:58 GMT

I have opinions about you too, but the rules prevent me from expressing them. Did you find a loophole in the rules that allows you to childishly insult other members by calling it your opinion

Comment #108

mypiemaster — Wed, 04 Sep 2013 00:04:09 GMT

They are not insults, just an opinion that you seem to take personally, for whatever reason.

Comment #107

Stack47 — Wed, 04 Sep 2013 00:01:50 GMT

Is there a specific reason you continue with these very childish insults

Comment #106

mypiemaster — Tue, 03 Sep 2013 00:54:08 GMT

Just face the facts, and admit you were very wrong. You made those posts, during your periods of inebriation. You were confused and stupefied, mentally and emotionally. After all these days, the effect is slightly wearing off, and you are beginning to babble, and run and duck, and trying to justify your actions. Having a bottle of bourbon by your side, does not mean, that you have to drink the whole thing before reading and posting, because it is hazardous to your posts as well as what is left o... [ More ]

Comment #105

Artist77 — Tue, 03 Sep 2013 00:23:03 GMT

lol lol

Comment #104

haymaker — Mon, 02 Sep 2013 23:52:42 GMT

I don't recall that, any more details

Comment #103

haymaker — Mon, 02 Sep 2013 23:49:44 GMT

I don't know, but it looks like you went somewhere

Comment #102

Artist77 — Mon, 02 Sep 2013 23:37:55 GMT

Looks like losing was infectious for your pal.

Comment #101

Stack47 — Mon, 02 Sep 2013 23:25:57 GMT

Everytime you do your copy and paste, you take things out of context.

The topic is suggestions for IF YOU WIN A JACKPOTbased on hypothetically beating huge odds. There are several opinions pro and con on all of the 12 suggestions and at the end of the day, they are still just opinions baseless or not and will never change the odds. How was I out of context or off topic by replying to the first of 12 things not to do if you win the lottery?

If the whole post, is hard for you to comprehend... [ More ]

Comment #100

redhot7 — Mon, 02 Sep 2013 20:13:38 GMT

If you win this much money, chances are high that you will to want to brag about it. How could you not?

No, I won't. I would be very happy but I won't brag about it because it's money I don't earn. If anything, I would be a bit embarrassed.

Everyone who has ever done anything for you now may come with their hands out asking for something, or worse.

I agree. Some people would say: Hei, remember me, remember me, remember what I did to you? If it weren't for me doing you a favor,... [ More ]

Comment #99

Gleno — Mon, 02 Sep 2013 17:49:09 GMT

Thanks for the good advice. Usually select the annuity option and was surprised when my accountant suggested that I take it as a lump sum, to avoid having to file returns every year for this windfall.

Did not think this was good advice. Still believe that smart folks would rather have an annuity payment over 20 years, than to have a lump sum burning a hole in your pocket .

Since I have not won anything big to worry about at this time,still like to remember the authur of this article's good... [ More ]

Comment #98

mypiemaster — Mon, 02 Sep 2013 08:03:30 GMT

Everytime you do your copy and paste, you take things out of context. If the whole post, is hard for you to comprehend, ask for help. You had to troll all over to find lines that you think might suit or support your level of comprehention, and you still failed woefully. You are slowly making yourself, appear like a mental midget. Call the lottery with any legitimate question you might have, and they will gladly accomodate you. They are the ones that ask the questions, so they should know better

Comment #97

Stack47 — Mon, 02 Sep 2013 03:50:53 GMT

Taking my comment out of context and twisting them so you can continue your very childish banter doesn't change what is required on claims forms or what I said.

True, but the small print at the bottom of form tells a slightly different story. The signer must declare under the penalty of perjury that no other party is entitled to any part of the payment. State lotteries have different rules and security methods and the News Forum is full of stories about winners who didn't buy the ticket and... [ More ]

Comment #96

mypiemaster — Sun, 01 Sep 2013 03:18:15 GMT

Wanting a jp winner to tell you what questions they were asked is idiotic at best. How many jp winners have you talked to, since you came to LP? Like I told you before, most lotteries have claim forms available for download at their website, or you can take a trip to their offices and they will gladly accomodate you, with any legitimate questions you have. Having your diaper twisted into knots in conjunction with your already depleted brain cells, is not going to change the facts. Following your... [ More ]

Comment #95

Stack47 — Sun, 01 Sep 2013 02:02:05 GMT

Which part of I don't care what your opinion is about how jackpot winners spend their money and your very childish comments is causing your brain to malfunction this time

Comment #94

mypiemaster — Sat, 31 Aug 2013 02:22:22 GMT

Hey, hey, look out for the keyboard, . YIKES! you did it again. Never try to post, with an empty bottle of bourbon by your side.

Comment #93

helpmewin — Fri, 30 Aug 2013 17:56:52 GMT

Can Winning be Infectious

Comment #92

Ronnie316 — Fri, 30 Aug 2013 16:04:21 GMT

Comment #91

Ronnie316 — Fri, 30 Aug 2013 16:03:29 GMT

Did I go viral yet

Comment #90

helpmewin — Fri, 30 Aug 2013 05:46:09 GMT

Comment #89

Stack47 — Fri, 30 Aug 2013 01:04:18 GMT

You started out telling all future jackpot winners what to do with their winnings as if you're a divine authority and now you're telling me what I should do. It's none of my business if you continue to hand out orders or any of my business when nobody listens to you either.

Comment #88

mypiemaster — Fri, 30 Aug 2013 00:32:17 GMT

DRUNK? Never would have guessed!!! Are you speaking, from real personal experience , or just while in suspended animation? Whatever the case maybe, get off it and go get some help and some sleep CASE CLOSED.

Comment #87

Gopher701 — Fri, 30 Aug 2013 00:25:55 GMT

One group not mentioned in the article is the Multi-State Lottery Association MUSL .

We have some vague idea what they do but does a winner if they choose the Annuity Option see the specific securities purchased on their behalf. Is there a certified audit of the MUSL?

I have no reason to doubt they do what is promised but Enron......World Telecom....TYCO.... Lehman Brothers all were the pillars of the business community then fraud or mismanagement.

If their securities go bad do you real... [ More ]

Comment #86

Stack47 — Thu, 29 Aug 2013 23:58:45 GMT

Drunk or sober, people like you, who know what the jackpot winner should and should not do are probably the same people stalking the winners. What did Gloria have for breakfast this morning

Comment #85

mypiemaster — Thu, 29 Aug 2013 23:27:45 GMT

Consuming large amounts of bourbon, before reading the posts, apparently has the same effect, as putting the cart before the horse.

Comment #84

mypiemaster — Thu, 29 Aug 2013 23:17:27 GMT

You got it right Homie. No medication needed. They are the Masters of the universe , at least , their universe. If something goes wrong, they blame you. If they really screw you, and appear to be liable, they give you the usual one-liner.....liability is limited to the price of the ticket. It is good, to be the king/queen.

Comment #83

Artist77 — Thu, 29 Aug 2013 21:26:38 GMT

lol lol

Comment #82

savagegoose — Thu, 29 Aug 2013 20:10:24 GMT

thats what best friends are for.

Comment #81

str8ca$hhomie — Thu, 29 Aug 2013 13:02:49 GMT

I have to wonder what would happen if you showed up at Lottery Headquarters with your lawyer and he pulled out of his briefcase an affidavit for the lottery commisioner to date and sign stating that if any ill will or harm occurs to you and/or your family as a result of them publishing your name, picture, town, and street address that the State of ________ Lottery Commission is to be held liable and therefore accountable for them putting that bullseye on your back.

Don't worry I already know... [ More ]

Comment #80

helpmewin — Thu, 29 Aug 2013 12:19:18 GMT

I'm all for anonymity for lottery winners

wow thats a sad story

Comment #79

Pita Maha — Wed, 28 Aug 2013 22:00:11 GMT

I'm all for anonymity for lottery winners. I'm from Australia originally, where the option is available and most choose it. It came about because of a terrible incident back in 1960. A young Sydney family won the equivalent of about $5million and their lucky story was splashed across the front page of all the papers. Soon after, their young son was kidnapped on his way to school, and a ransom was demanded. The boy was murdered very soon after his kidnapping and luckily, the kidnapper caught and... [ More ]

Comment #78

Artist77 — Wed, 28 Aug 2013 21:32:42 GMT

For a nonfiction book, you do not need to have it finished or even started to shop it around to publishers and literary agents. The idea sounds interesting. You need to know how to write a book proposal and have a draft table of contents. But if you want some suggestions as to places to submit, feel free to pm me. I can't give you any specific info on me (beyond I am published multiple times with a legitimate traditional publisher) and you will have to do ALL the work yourself and run with the i... [ More ]

Comment #77

Pita Maha — Wed, 28 Aug 2013 21:01:44 GMT

Great post. I'm totally with you on the potential risks of trusting the govt with your winnings in an annuity. It sounds off the wall but hey, anything is possible these days. When I win, there's no way I'm choosing the annuity option. The idea of a couple doing both - cash option and annuity - sounds good though. Although we'd still take the cash option. They recommend the annuity in case you blow it all but I know I wouldn't do that.

Comment #76

mypiemaster — Wed, 28 Aug 2013 20:56:10 GMT

Prince, you have a great point. I have always wondered why the lotteries give the winners only two choices. The ideal choices for me would be, four choices.

...CHOICE #1...Publicity or no publicity?

...CHOICE #2...LUMP SUM

...CHOICE #3...Annuity

...CHOICE #4...50% LUMP SUM and 50% annuity.

Given these choices, if I still go broke, then I deserve to be slapped upside the head.

Comment #75

mypiemaster — Wed, 28 Aug 2013 20:43:58 GMT

The lotteries should seriously consider leaving the choice of anonymity to the winners. If you are a ham, by all means ham it up in a press conference. If you prefer, to fly under the radar, you should also be allowed to do so. They contribute to the downfall of ill prepared winners, by exposing them to this crazy whirlwind of publicity. Once the genie is out of the bottle, you can't put it back in, except in the movies of course.

Comment #74

ecnirP — Wed, 28 Aug 2013 19:30:33 GMT

First, taking the annuity requires that you trust the government running the lottery to be both willing and able to make those payments. I do not believe those funds are set aside outside the governments control. Maybe someone here can counter that if it's not true. There are too many examples out there of states making ex post facto changes to laws for me to trust them not to do so for nearly three decades, or to determine way down the road that your funds would be better used for the public go... [ More ]

Comment #73

Ronnie316 — Wed, 28 Aug 2013 17:17:18 GMT

Comment #72

helpmewin — Wed, 28 Aug 2013 15:07:29 GMT

Comment #71

rdgrnr — Wed, 28 Aug 2013 15:06:24 GMT

Perish the thought.

Oh, the humanity...

Comment #70

olplugger — Wed, 28 Aug 2013 13:17:42 GMT

Thanks so much for the great advice

Comment #69

miracleplay5 — Wed, 28 Aug 2013 13:16:47 GMT

Don't give up on writing. I belive from your above sample and the short story you told about your friend were good and shows the potential of you being a best seller writer. I was enagaged from start to finish without rushing your thoughts in my head. I write and without tooting my own horn.lol.I will say that I write poetry/spoken word pretty good, HOWEVER I can't write an actual song. I am a composer but can't write a song..lol..so don't allow your inability to write good poetry determine your... [ More ]

Comment #68

Abdi — Wed, 28 Aug 2013 10:27:06 GMT

very educative replies............i have learnt many thinks! keep them coming in before this article is taken over by events

Comment #67

Cashman777$ — Wed, 28 Aug 2013 10:13:18 GMT

(13) Tell your ex-wife

Comment #66

Todd — Wed, 28 Aug 2013 09:56:17 GMT

It's actually pretty difficult to find any guaranteed investment that pays off better than the one you'll get from the lottery. Jackpot size directly drives sales volume, so it is a primary mission of the lottery to get that annuity rate as high as it can, which makes the jackpot larger.

Lots of people make the mistake of thinking that the cash value is derived from the advertised annuity, when in fact it is the opposite. They start with the cash amount that they have in-hand from the previou... [ More ]

Comment #65

helpmewin — Wed, 28 Aug 2013 04:52:25 GMT

Comment #64

mikeintexas — Wed, 28 Aug 2013 04:49:06 GMT

Why, thank you! Such a nice thing to say! I try to write, but am not very good at it. (I used to write really bad poetry and share it until I finally developed some shame) For the last several years, I've been trying to write a book about the Hank Skinner murders in Pampa, Texas. (he came within 20 minutes of being executed a few yrs. back) At first, I thought he might very well be innocent, but after hundreds of interviews and hours and hours spent going over the evidence and testimony, I've re... [ More ]

Comment #63

golfer1960 — Wed, 28 Aug 2013 04:19:25 GMT

You're very generous miracleplay. Bravo

Comment #62

miracleplay5 — Wed, 28 Aug 2013 04:01:49 GMT

That was a great story.thanks for sharing.as I read I was really into the story...if you dont already...writing may be an added ticket to your money making life..this is a short yet good read.

Comment #61

mikeintexas — Wed, 28 Aug 2013 03:56:21 GMT

I had a friend who won $10,000 on a scratch ticket and called to tell me. I told him I was proud for him and appreciated his trust in me, but I would advise him not telling any other people. He then said he didn't want to pay taxes on the winnings, but I told him that wasn't an option since it would be reported to the IRS AND 25% taken out when they gave him the money. He didn't like that, but I told him he would most likely get a chunk of that back since he had other income and deductions. I al... [ More ]

Comment #60

Coin Toss — Wed, 28 Aug 2013 03:35:53 GMT

Good article, a lot of common sense, I'm just not sure about this:

Automatically decide to take the up-front cash. Supposedly some 70% of lottery winners end up broke again, many within a couple or few years. If you get $172 million up front, it may sound better than having to receive a payout of $300 million slowly over the course of a lifetime. After all, it is instant empire-making money. Go see a tax pro and a legitimate investment advisor at a top money management firm, a theme you will... [ More ]

Comment #59

miracleplay5 — Wed, 28 Aug 2013 03:34:02 GMT

LOL..I googled Groucho Marx glasses.yess i they will allow me to..I was just thinking make up and a bad wigor do a celebrity look a like disguise..lol..but since the lottery has to id me I wonder how much of a disguise they will allow me to get away with before they say this is not the same person on your driver's license ..hmmm I wish there were some LP members from each state that have won a jackpot or a lottery office visit amount of cash to share with us their experience when they claimed th... [ More ]

Comment #58

Pita Maha — Wed, 28 Aug 2013 03:24:37 GMT

Wow! You're gonna be busy!

I like the disguise idea. Would Groucho Marx glasses be okay

Comment #57

rdgrnr — Wed, 28 Aug 2013 03:19:39 GMT

5.)Tell my best friend...

Comment #56

Pita Maha — Wed, 28 Aug 2013 03:17:57 GMT

Yeah, bad enough lottery winners get harrassed, or even threatened, for money after they've claimed their winnings. But you could run into trouble before you get the chance to claim, when such a fool comes forward and claims it's their ticket that they lost. Like that woman a while back, from Cleveland, I believe it was. You better hope you can prove to the lottery office that you are the rightful owner of the ticket. Being a lottery winner draws a lot of parasites out of the crevices.... [ More ]

Comment #55

Stack47 — Wed, 28 Aug 2013 03:14:59 GMT

Are you pretending you're an expert on how lottery jackpot winners should spend their winning because you bought a ticket

Comment #54

miracleplay5 — Wed, 28 Aug 2013 03:04:03 GMT

12 things I will do with my lottery ticket/winnings

1.) Sign the back of my ticket once I find out I won, 2.) Be in Tallahassee, Florida within five minutes of them opening up the next morning. 2.) Claim my money but have on a disguise 3.) choose the annuity. 4)no press conference 5.)Tell my best friend once the money hit my account 6.) Pay my tithe 7.) give my church an additional 5% of my winnings 8.) give my top ten family members friends some money 9.) start a chain of Fast food vegan res... [ More ]

Comment #53

Nikkicute — Wed, 28 Aug 2013 02:19:07 GMT

it's that simple...

Comment #52

mypiemaster — Wed, 28 Aug 2013 01:39:06 GMT

The bourbon is slowly begining to kick in. If you have any legitimate questions, take a trip to the lottery office, and they will gladly accomodate you. Have a good night Madam.

Comment #51

Stack47 — Wed, 28 Aug 2013 01:31:36 GMT

If you're talking your jackpot winning experience, no problem.

Comment #50

mypiemaster — Wed, 28 Aug 2013 01:22:13 GMT

To each his own.

Comment #49

Stack47 — Wed, 28 Aug 2013 01:16:22 GMT

Its unfortunate that nobody, even talks about taking the annuity, instead of the lump sum anymore.

But many members talk about getting a team of financial advisers. Do you really think any financial adviser would tell their client to take the annuity?

Most people outgrow their stupidity within the first five years.

Are there any stipulations on the claim forms of how any jackpot winner spends their winnings?

Did an actual jackpot winner ask for your advice or do you just know what... [ More ]

Comment #48

RedStang — Wed, 28 Aug 2013 01:11:46 GMT

I always saw a lotto ticket as currency. Like real money, if no one claims it in time you should get it.

Comment #47

Stack47 — Wed, 28 Aug 2013 01:04:56 GMT

True, but the small print at the bottom of form tells a slightly different story. The signer must declare under the penalty of perjury that no other party is entitled to any part of the payment. State lotteries have different rules and security methods and the News Forum is full of stories about winners who didn't buy the ticket and declared that no other party is entitled to any part of the payment . Wouldn't it be common sense to ask a jackpot winner if they purchased the ticket and if not how... [ More ]

Comment #46

mypiemaster — Wed, 28 Aug 2013 00:00:32 GMT

It's just a fleeting illusion.

Comment #45

mypiemaster — Tue, 27 Aug 2013 23:56:53 GMT

OUCH!!! That hurts. Is the truth supposed to hurt, or is it just a matter of opinion, or an astute objective observation

Comment #44

maringoman — Tue, 27 Aug 2013 23:52:56 GMT

Since the hot topic is about bearer instruments, allow me to chime in. There was a story in LP and other media about a guy in BlackStone, MA who tossed a winning ticket in the store trash can. Some other guy who used to go through the trash can of that store was lucky that day. He found the winning ticket and went to claim the $1M. The person who bought the ticket sued and they settled out of court. Would lawyers of the one who found the ticket in the trash can advice him to settle if the lotter... [ More ]

Comment #43

Artist77 — Tue, 27 Aug 2013 23:44:11 GMT

Yet you are the one who posts all day long and I do not since I have a career. You seem to have real issues with women, especially ones who have education and expertise beyond your understanding. I recall how insulting you were to Jill. I also recall the comment about women becoming realtors since only a HS education is needed. My money is on you having a GED at best and an occasional visit to unclog a toilet between posting all day is hardly work. But I think you assume any white collar work is... [ More ]

Comment #42

helpmewin — Tue, 27 Aug 2013 23:41:12 GMT

Automatically decide to take the up-front cash.

Supposedly some 70% of lottery winners end up broke again, many within a couple or few years.

If you get $172 million up front, it may sound better than having to receive a payout of $300 million slowly over the course of a lifetime.

After all, it is instant empire-making money.

Go see a tax pro and a legitimate investment advisor at a top money management firm, a theme you will see here throughout, before you automatically make this de... [ More ]

Comment #41

helpmewin — Tue, 27 Aug 2013 23:36:50 GMT

and make some copies so you can show everyone

Comment #40

helpmewin — Tue, 27 Aug 2013 23:35:24 GMT

some people work harder some people work smarter

Comment #39

Elizabeth03 — Tue, 27 Aug 2013 23:24:44 GMT

Always sign your lottery ticket as soon as you buy it

Comment #38

Romancandle — Tue, 27 Aug 2013 23:24:40 GMT

I've always wondered about this... they say you should sign the ticket right away... what if you formed a blind trust or LLC (not sure if I''ve got the terminology right).

But anyway... the intent would be to not broadcast yourself as the winner (anonymity).

Shouldn't the name of the trust be on ticket vs your name in that case? Probably mixing a bunch of stuff up here.

Comment #37

Ronnie316 — Tue, 27 Aug 2013 23:12:34 GMT

Thats funny because the last time I checked being in control of everything and being a perfectionist has nothing to do with hard work or discipline. I could have missed my guess about you, but unless you work and manage a farm Im giving good odds that I can do more work before lunch time than you do in a month. lol.

Comment #36

Artist77 — Tue, 27 Aug 2013 23:01:06 GMT

lol Yes, why thank you very much. I know hard work and discipline is not your thing.

Comment #35

Ronnie316 — Tue, 27 Aug 2013 22:50:18 GMT

Are you suggesting that I should be the purrrr-fectionist that you are Artist77 ? Let no think about it.....

No thanks.

Comment #34

Ronnie316 — Tue, 27 Aug 2013 22:41:40 GMT

Well I'm not paying for it, even if it is advice lol. With whatever gets deposited into my bank account I will write a check to a guy named Moe who will make sure I get a perminate income (no annuity) for the rest of my life, and I will spend the rest. Case clsoed. lol.

Comment #33

Artist77 — Tue, 27 Aug 2013 22:36:19 GMT

It is legal advice , not advise.

Comment #32

Ronnie316 — Tue, 27 Aug 2013 22:29:29 GMT

Thanks for the unsolicited advice Artist77 But Im not the one who wrote an article that says anyone who holds a winning ticket can show up and cash it in. Perhaps you should be chastising the writer of the article concerning his understanding of a barer instrument ?

In a way, lottery tickets are the last form of bearer bonds that anyone collect on if they show up with the coupons and bonds.

And by the way, no I wont be securing legal advise no matter how large a jackpot I win. Thanks.

Comment #31

Artist77 — Tue, 27 Aug 2013 22:08:58 GMT

Ronnie, you are misconstruing what was said by Todd and others. The lottery ticket is a bearer instrument since it contains no ownership information upon purchase (unlike regular securities like stocks, etc, which are registered upon purchase with your name, etc.) and by having this instrument you are presumed to be the owner. I think common sense tells us all that anything financial has to be validated but in the case of bearer instruments, it is done after the fact, not when you purchase it.

Comment #30

mypiemaster — Tue, 27 Aug 2013 22:06:00 GMT

Yes you can do that, if you like the words:- probable cause, suspect, detained, interrogation, criminal, disrespect and not to mention, unnecessary publicity and if you are really lucky, a trip to jail. I found it , in some quarters actually means, I stole it.

Comment #29

Ronnie316 — Tue, 27 Aug 2013 21:59:23 GMT

Maybe you should get I want cash now on speed dial before even get to the lottery office

Comment #28

Ronnie316 — Tue, 27 Aug 2013 21:56:23 GMT

Apparently there is still an ongoing criminal investigation. I will forward the story I found to Todd.

Comment #27

mypiemaster — Tue, 27 Aug 2013 21:55:21 GMT

Its unfortunate that nobody, even talks about taking the annuity, instead of the lump sum anymore. If you are young, and the jackpot is large enough, taking the annuity route might actually be a wise choice. At least you have 26-30 years, before you actually go broke. Most people outgrow their stupidity within the first five years. Better than paying some SUIT AND TIE, you don't know, thousands of dollars to manage your money. Hmm maybe I should take the annuity and use my drinking buddies. To e... [ More ]