So, what would you do?

Reply #32

Uluska — Sat, 11 Jun 2016 23:27:03 GMT

Overwhelming majority of us have no need to worry about becoming filthy rich anyhow.

Reply #31

music* — Thu, 09 Jun 2016 21:05:56 GMT

I like your planning so far but are you aware of what would happen to your 30-year annuity if Arizona went belly up? I think you need to check on this before claiming your prize and choosing the annuity.

If you change your mind and choose the lump sum then try not to spend too much of your principle. This will be easier done with a humongous jackpot.

Allow fate to blow favorable winds your way.

Reply #30

sully16 — Wed, 08 Jun 2016 12:19:39 GMT

I would spend the rest of my life traveling.

Reply #29

TheGameGrl — Wed, 08 Jun 2016 02:47:04 GMT

I consider it working if its in my bunker safe :)

Pay off debts

Build an Off the grid homestead

Rest goes into a Family Trust

Reply #28

music* — Tue, 07 Jun 2016 18:43:24 GMT

My investment ideas are: www.cdars.com www.treasurydirect.gov mutual funds, my new home will be my real estate investment,

Federal Reserve Chairwoman Janet Yellen may raise interest rates in July. I have learned that the way the interest rates are raised is that the Federal Reserve restricts the money flow. When cash is scarce then that raises the cost of it just like almost all products on the market.

Reply #27

bigdaddy — Tue, 07 Jun 2016 14:54:57 GMT

16000000

-13000000 spread across monthly dividend reits across all sectors

300000

-1000000 home

-750000 cash reserve $75000 year

1250000

-250000 various other investments

1000000

-150000 wounded warrior project

850000 miscellaneous

Reply #26

fatedtowin87 — Tue, 07 Jun 2016 06:08:14 GMT

Since I live in Canada where winnings are not taxed, we'll start with $40 million even. First off, $10 million is going straight into a trust that I cannot touch until I am at least 60 which is a good 30+ years away right now for me. With $30 million left, I'd spend $500,000 on a home, $50,000 to disappear for a year while my house gets built, $2 million to my parents and my husband's parents, $500,000 to my sister and my sister in law, then $100,000 put into a trust for each of my nephews and n... [ More ]

Reply #25

music* — Sun, 05 Jun 2016 23:12:47 GMT

Teddi, I agree with you, the issue is how the facts are marketed . There are probably thousands of books telling the story of how the press makes its' money.

Advertisements must be sold and this forces the press to tell IF it bleeds then it leads stories.

I have come across the statement, The Press treats lottery winners like economic freaks .

The media tells their customers lies.

Reply #24

Teddi — Sun, 05 Jun 2016 17:43:46 GMT

Nothing to do with slow news day. The issue isn't the facts, the issue is how the facts are marketed to make people take notice. The facts are that more than 60% of footballers, baseball and basketball players are broke or in serious financial problems within 5 years of retirement. But the headlines read: Most Athletes Go Broke Within 5 Years of Retirement usually peppered with photos of Antoine Walker and TO; as if the US only has 3 sports and that everyone in those sports were making 8 or 9 fi... [ More ]

Reply #23

DELotteryPlyr — Sun, 05 Jun 2016 11:16:46 GMT

Thanks for the positive response.

So adding to what you put - if any of those examples works for a small business and is about to be laid off, by investing in the business you can do 2 basic things. First you keep the employees employed in the business. Second you can help EXPAND the business by giving them the cash infusion to expand and grow. Often the major issue with small business's is they can't do what they need to expand to stay in business, or just keep payroll going for a few weeks... [ More ]

Reply #22

Brcebrce — Sun, 05 Jun 2016 06:19:33 GMT

I knew I wasn't wasn't the wasn't the only one with a plan. After taxes in Ga, I would have 14.4 million from a $40 million jackpot. I would give away 5-6. So let's say 8 left. Take 1 nilly on leave it in a CEDARS account. It will I sur3d up to $20 million, I think. Invest 7 at 7% year. 490k. Take too put in CEDARS account. Roll rest back in investments. Then next year would be 7.19, the 7.2 ish etc. More agrees Ivan so.e of you, but not sticking/making a budget, or even realizing you still need... [ More ]

Reply #21

Perfecttiming2 — Sat, 28 May 2016 23:03:44 GMT

Hi DeLotteryPlyr!

Your post is the very reason that someone should never say I don't know what to do with the jackpot !

There is so much need in this world. Whether its:

a single mom trying to make ends meet a war veteran who just needs a break a teen who wants to go to college but can't or a family struggling to keep food on the table

Using winnings to form a non-profit would give any jackpot legs and the impact on the life that you touch will go far beyond your act of kindness.... [ More ]

Reply #20

DELotteryPlyr — Wed, 18 May 2016 09:21:41 GMT

I am in agreement with the 'Money is designed to be put to work' There are so many ways you can do that, I would spend a lot of my time either finding ways I can start a simple business or invest in other businesses in my local community. And with this kinda money it wouldn't take much to have a positive affect on your community.

10k investment in a small business could yield alot better return than 2.85%

(and I know I will get POUNDED with everyone saying 'you could lose that money!' - b... [ More ]

Reply #19

Murgatroyd — Mon, 16 May 2016 01:45:38 GMT

First point: Any PB/MM win (even starting MM) is more money than most people will see in a lifetime. Given that, there's really no point in trying to maximize the number of dollars. I just need to make sure the money will be there when I need it.

Second point: Given my age and family history of longevity, I need to plan for up to 60 years.

So, here's my strategy:

Take the annuity. Yes, good investment of the lump sum could give more dollars in the long run, but see the first point abov... [ More ]

Reply #18

savagegoose — Wed, 11 May 2016 12:20:01 GMT

yeah nice post/plan i hope you get to trial it. i would just skip to the bottom and insert my $10M there, half a mill a year sounds good.

Reply #17

Tialuvslotto — Tue, 10 May 2016 09:48:19 GMT

Tithing doesn't have to go to a church -- the term can be used for any money set aside to give, whether to a Church, Charity, Cause or just for needy friends or family.

Reply #16

LottoLucy — Mon, 09 May 2016 19:45:46 GMT

For me the current powerball lump sum would be about $13,647,000 after federal and state taxes.

$10 million would be invested. 1/4 of it would be put in an immediate pay annuity currently paying out 5%. The rest would be in various income funds, bonds, etc. I figure I can safely take 4% a year and never run out of money. That should give me about $286,000 a year after taxes (I'm moving immediately to a no tax state). I have my retirement fund that can be invested more aggressively to hel... [ More ]

Reply #15

Rexer90 — Mon, 09 May 2016 17:28:53 GMT

Tithe? seriously? There is no way ANY religious outfit would see 1cent of my money.

Reply #14

KinG666BLaZe — Mon, 09 May 2016 15:50:08 GMT

I seriously hate those articles man. I once got tricked in to reading one lol. Those numbers you mentioned are they pre tax. The ones where you said you could expect 145,000 off of a 5 million dollar bond? those are same snip good numbers. I always got 185,653.94 dollars net off of a 9,999,999 dollar bond.

This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

Reply #13

TheMeatman2005 — Mon, 09 May 2016 07:52:03 GMT

What would I do? hmmmmmm

First off, I live in NYC, so besides federal tax of 39.6%, I would also have NY State and City taxes as well. I would be left with about 52% after all taxes.

Cash value is $26.5 mil less 48% = $13.78 mil which I would share 50/50 with my brother. That leaves $6.89 mil.

With this little amount remaining, I think I would not be as charitable as if I won a bigger jackpot, but some will benefit from my gains.

I think I would keep at least $5 mil to invest and li... [ More ]

Reply #12

Kingofearth — Mon, 09 May 2016 06:55:40 GMT

Not some, Most. I'm at a PUBLIC university and i'm graduating a semester early and i'm gonna walk out with $80,000 in loans. With interest accumulated through college and after college, i'll need to pay $12,000 a year in student loan payments. I really need a jackpot.

Reply #11

KY Floyd — Mon, 09 May 2016 05:53:33 GMT

I've been hearing the bit about most winners losing it all for a very long time, and I've got no reason to think it's not, or at least wasn't, more or less accurate. Bear in mind that in the past most jackpots were quite small by today's standards, and they didn't make you rich, thought a lot of people thought they did. That made it even easier for people to lose it all than it is for those who win today's (mostly) larger jackpots. I now that some people have managed to lose enormous fortunes, b... [ More ]

Reply #10

Perfecttiming2 — Mon, 09 May 2016 05:16:07 GMT

Hi Kin!

I found the information about the rate on one of the money websites when the PB jackpot broke the record earlier this year.

Some of those website actually give advice as oppose to the same lame you'll have better chance getting hit by lighting crap.

(Trying to discourage people with the odds of winning does nothing to sales, because every person that buys a ticket is thinking somebody has to win....)

Thanks for the feedback

Reply #9

Perfecttiming2 — Mon, 09 May 2016 05:04:46 GMT

Hey, some student loans are so high that it will take a jackpot to pay them off....

I read one article that said if you win the lottery and still have debt after you've spent all your money, you should not be surprised if you get

no sympathy from family or friends. ( No lottery jackpot winner should ever have debt after they win).

Thanks so sharing

Reply #8

Perfecttiming2 — Mon, 09 May 2016 04:52:20 GMT

Hi LL!!!

These answers are very insightful and helpful.

It is nice to know that folks on here actually have a game plan. (You mentioned municipal bonds which I totally forgot about.)

You also mentioned the idea is to reduce both the tax amount and keep the funds active which will yield a true disposable income without worries

I think that statement is the key to maintaining wealth for every person who comes into sudden money; it should be the main goal

And finally the scripture M... [ More ]

Reply #7

Lucky Loser — Mon, 09 May 2016 04:28:44 GMT

These are some very good investment ideas and this is what it's going to take in order to successfully retain wealth. Merely putting such money into a 'generalized account' will do nothing but allow one to see it gradually eaten up in recurrent taxation. Money is designed to be put to work and circulated, not sitting still. This kind of money will cost you if it sits idle and draws interest on other than Municipal Bonds, I believe. The idea is to reduce both the tax amount and keep the funds act... [ More ]

Reply #6

Kingofearth — Mon, 09 May 2016 02:34:08 GMT

I'd pay off all my student loans, and all of my families, and some of my best friends. I'd then buy my dad a new car and a house either in Florida where my grandmother lives or in Portland Oregon my dream location. Everything else i would put aside to collect interest for a few years as i learn how to invest it and use the stock market. The only donations i would make would be to reduce my tax bill as much as i can and I'll make it to the Freedom from Religion Foundation and/or other atheist adv... [ More ]

Reply #5

KinG666BLaZe — Mon, 09 May 2016 01:59:10 GMT

Seems like im not the only one who knows about market safe government bonds and you found them at a .85% higher rate nice. Im putting the majority in treasury bonds and living off interest. I am never going broke and my future kids will want for nothing lol

Reply #4

Perfecttiming2 — Mon, 09 May 2016 00:47:41 GMT

I totally agree with the conservative investing (I actually thought that was Cynthia Stafford's original plan...oh well).

Reply #3

Perfecttiming2 — Mon, 09 May 2016 00:42:25 GMT

Slow news day ...come to think about it that is probably why they do it

Reply #2

ArizonaDream — Sun, 08 May 2016 22:34:50 GMT

That's not so different from the thought process I've gone through. I like to start with a 50 million jackpot, cash about 33 mil, after state and federal taxes, $18,150,000.

No tithe, but I would use 10% to start a foundation to give to food banks, homeless shelters and animal shelters.

Existing mortgage and debt paid off of course. New car, $30k.

$2 million allocated for my dream house plus a condo or town house in 2 other locations. $4 million allocated for future taxes, insurance, up... [ More ]

Reply #1

Stack47 — Sun, 08 May 2016 21:57:38 GMT

They probably say most lottery winners go broke for the same reason they say many professional athelets will go broke; slow news day.

So, what would you do?

Perfecttiming2 — Sun, 08 May 2016 20:57:59 GMT

One of the things that irritates me is how the media always says that most lottery winners go broke in 5 years.

That is so not the truth!

Most lottery winners you never hear from because they are living their lives, enjoying their wealth and staying out of the media. You don t hear from them because there is nothing to report. They have their winnings and they simply move on with living (just in a higher tax bracket).

The ones who end up in the news are the ones who are reckless with th... [ More ]