800 million dollars

Reply #42

ddude003 — Mon, 17 Apr 2023 20:40:03 GMT

There is no moral argument that justifies using the coercive powers of government to force one person to bear the expense of taking care of another. -Walter Williams

Reply #41

Raven62 — Mon, 17 Apr 2023 14:09:59 GMT

The Declaration of Independence says:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness .

Reply #40

ddude003 — Mon, 17 Apr 2023 13:40:04 GMT

If you are going to play off quoting someone at least get it right...

'All animals are equal, but some animals are more equal than others.' - George Orwell

Reply #39

GiveFive — Mon, 17 Apr 2023 06:44:27 GMT

All men are created equal, except some are more equal than others. George Orwell - Animal Farm. G5

Reply #38

ddude003 — Sun, 16 Apr 2023 21:57:48 GMT

Your just going to get over the idea that the wealthy, common and poor people should have any difference in taxation... All men are created equal... What they choose to do with their equality is to each their own burden... What our government has become over the past 250 odd years is pretty sad... Time to read the Constitution, the Bill Of Rights and the Federalist Papers again... And again... And again...

Reply #37

GiveFive — Sun, 16 Apr 2023 19:58:42 GMT

Correct you are. The rich are legally sheltering their money. The Federal government wrote the tax code and wealthy people's tax attorneys are simply telling them how to legally exploit the tax code to their advantage.

Ever heard of The Carried Interest Loophole ? It's a terrific method for wealthy people employed in the Private Equity industry to cut their tax burden in half, and best of all it's perfectly legal. But carry as the PE Boy's all call it isn't available to the average tax payin... [ More ]

Reply #36

ddude003 — Sun, 16 Apr 2023 18:42:17 GMT

There is no such thing as a fair share tax ... There is also a big difference between hiding money vs sheltering money...

Reply #35

GiveFive — Sun, 16 Apr 2023 16:19:35 GMT

I know many people don't like the fact that they have to pay a good chunk of money to financial experts . After all nothing says the financial adviser you hire is very good at what they do. There excellent advisers with a good track record, and there are advisers that out and out stink at what they do.

All of the above said, there are some things in life where going it alone or doing it by yourself is a bad idea. If your identity is stolen you're far better off with a company such as LifeLoc... [ More ]

Reply #34

GiveFive — Sun, 16 Apr 2023 15:18:03 GMT

Here's another reason why anyone that wins a huge lottery jackpot needs to hire a team of financial experts. Your taxes just got a whole lot more complex than they ever were after your big lottery jackpot win, and most people would not have a clue how to do their taxes on their own. Not to mention those whopping big numbers on the tax form you file with the IRS is going to immediately draw the IRS's attention, and your return will most likely be flagged for an audit.

Everybody does their inc... [ More ]

Reply #33

GiveFive — Sun, 16 Apr 2023 09:10:40 GMT

A 20% tax rate is the rate used for investments that qualify for the long term capital gains rate. G5

Reply #32

GiveFive — Sun, 16 Apr 2023 09:08:13 GMT

Are you kidding me?!

The rich aren't taxed at tax rates like us little people are. It's the tax attorneys and other financial pros they hire that tell them how to hide their money from The IRS and prevent them from paying their fair share. G5

Reply #31

ah1963 — Sun, 16 Apr 2023 01:57:28 GMT

Long term investment income taxed at 20% rate in USA.

Reply #30

jjtheprince14 — Sat, 15 Apr 2023 19:15:17 GMT

$800 mil after taxes is an enormous sum. If you manage to blow all of that in your lifetime then you are a complete moron financially.

Reply #29

donbathe — Fri, 14 Apr 2023 19:49:17 GMT

Yeah but even with a team of financial advisors theres like a 80-90% chance that if theyre making a ton of money via dividends or a savings account that theyll end up paying like about 37% in taxes and no team of financial advisors can prevent this! What do you think

Reply #28

db101 — Fri, 14 Apr 2023 17:12:03 GMT

Ask Lestat to bite your neck.

Reply #27

donbathe — Fri, 14 Apr 2023 03:34:04 GMT

But wont high income earners always be taxed like at 37

Reply #26

donbathe — Fri, 14 Apr 2023 03:31:16 GMT

Would you advice the same to a high income earner returning to the middle east with this kind of money? Someone told me fidelity dividends at 2.5% would yield like 18.5 million usd but they would have to pay like 37% in taxes to the irs...

Reply #25

donbathe — Fri, 14 Apr 2023 03:25:15 GMT

Would a conservative annuity work for a high income earner too

Reply #24

Stat$talker — Thu, 13 Apr 2023 05:18:11 GMT

I'll put a check for the full amount in the casket.

He'z playin Bas-ke-tball, He'z playin Bas-ket-ball

He'z playin Bas-ket-ball, hiz rUbBeR check sayz it all..

-Stat$talker

Reply #23

garyo1954 — Thu, 13 Apr 2023 04:31:03 GMT

Lend it to me before you go.

I'll make sure you get to take it all with you.

I'll put a check for the full amount in the casket.

G

Reply #22

Stat$talker — Wed, 12 Apr 2023 16:31:29 GMT

your money will last at least 800 years.

Yeeaah, So Methuselah can spend the rest of it for you..

Reply #21

db101 — Wed, 12 Apr 2023 15:06:57 GMT

If you have $800 million and you spend no more than $1 million a year (aka living like a regular Joe) your money will last at least 800 years.

Reply #20

donbathe — Tue, 11 Apr 2023 17:11:28 GMT

Then what would be the very best way to invest some of the 840 million usd in order to churn out A LOT of money assuming one wont pay a TON of money intaxes then? Fidelity investments, chase bank savings account, ect...

Reply #19

GiveFive — Tue, 11 Apr 2023 13:31:07 GMT

One more thing and then I'm done....

An investor with 800 million dollars could invest with a Private Equity Firm. Generally PE Firms accept only Institutional Investers as Limited Partners, but they will accept money from an individual invester that is High Networth Individual. You'd have to prove to them you really do have more than 30 million in the bank (you'd have to show them bank statements so they could vet you) but if they did accept your money you would benefit from something calle... [ More ]

Reply #18

GiveFive — Tue, 11 Apr 2023 13:00:47 GMT

One reason most lottery winners end up going broke is they spend like the money will never run out, instead of trying to make the money work for them. Another reason is they think they can do anything they want, which sadly isn't the case for any of us, no matter how much money one has. They will get away with things for a while, but it will eventually catch up with them.

Truer words were never written and they are the biggest reasons why many big winners have gone broke. G5

Reply #17

GiveFive — Tue, 11 Apr 2023 12:56:53 GMT

It is too complex and that's why you'd need to hire a team of financial advisers. G5

Reply #16

GiveFive — Tue, 11 Apr 2023 12:45:30 GMT

My best advice to anyone that won 800 million would be to hire a team of financial experts consisting of a tax attorney, and a fiduciary personal wealth manager or a Registered Investment Adviser or RIA . A RIA is not a Registered Representative which is simply a different name for a Stock Broker.

It's up to the guy looking for financial guidance to interview many financial advisers and choose the one they are most comfortable with. That means you must know the set of questions to ask when m... [ More ]

Reply #15

PrisonerSix — Tue, 11 Apr 2023 03:14:53 GMT

I saw an interview recently on Timothy Schultz YouTube channel with Terry Rich, the retired director of the Iowa lottery. One thing he advised was to invest in a conservative annuity. He said that would give better income than the annuity the Lottery will invest in if the player were to take the annuity from the Lottery because the lottery will choose the lowest risk, lowest interest annuity out there because of low risk.

Putting some into annuities would be good for guaranteed income. With

Reply #14

Stack47 — Tue, 11 Apr 2023 02:35:29 GMT

The 1% and 4% are examples of interest rates, but not necessarily all that $800 million could return.

Reply #13

donbathe — Mon, 10 Apr 2023 14:40:25 GMT

But how much of the 840 million usd should be put into investments? The 1% and 4%, what does this mean

Reply #12

Raven62 — Mon, 10 Apr 2023 04:29:41 GMT

Some interesting Investment Ideas in here:

https://www.lotterypost.com/thread/344773/7210782

Reply #11

Stack47 — Mon, 10 Apr 2023 03:02:02 GMT

The entire $800 million invested at 1% interest gets about $22,000 a day. The current 30 year Treasury bond is averaging around 4%.

Reply #10

MartyMcNuts — Mon, 10 Apr 2023 00:09:28 GMT

As I said before, you have 800+ million dollars, you may be investing in bonds and term deposits but you don't really need to make more money (just not lose it!).

Yes, I believe you would pay some income tax on the return of your investments but it should not be anywhere near the amount of your return, so you would still make some money from these types of investments.

Reply #9

donbathe — Sun, 09 Apr 2023 18:38:17 GMT

Sounds too complex...

Reply #8

garyo1954 — Sun, 09 Apr 2023 18:19:20 GMT

1. Plant a John Wick garden in your basement. Plant plenty of gold, silver, diamonds, coins, cash. No credit cards, debit cards, bitcoin, or electronic finance crap. You don't want anything in your garden that can be wiped out by a crash, taken by scammers or a failing company. No art. That's only good when people have money to invest. If the economy craps out, people will choose to eat over owning Picasso or Van Gogh (and art tends to burn easily). Tell no one about your stash.

2. Know th... [ More ]

Reply #7

donbathe — Sun, 09 Apr 2023 18:17:29 GMT

Bonds and term deposits? Would i have to pay taxes for these? Then why did someone bring up fidelity investments or bank savings account where either dividends or interest alone would make me money? If so, how would all of this work then looking at the bigger picture then knowing how uncle sam works with taxation? How could certain types of investments churn out a lot of money with little taxes

Reply #6

MartyMcNuts — Sun, 09 Apr 2023 04:04:16 GMT

I was just stating that with such a large amount of money, investments aren't needed to be able to live on it for the rest of your life. Some investments would still probably be a good idea. I would be happy with a couple of million spread across a few bank accounts and invest the rest in something very stable like bonds and term deposits. With such a large amount of money, the low return doesn't really matter. It's more for security. I don't think I would ever invest in real estate or the stock... [ More ]

Reply #5

donbathe — Sun, 09 Apr 2023 03:32:04 GMT

How would a lottery winner differ from a high income earner with this same amount

Reply #4

donbathe — Sun, 09 Apr 2023 03:31:02 GMT

But banks can only insure up to 200k usd per depositor! Why no investments then

Reply #3

MartyMcNuts — Sun, 09 Apr 2023 01:21:48 GMT

With 800+ million you wouldn't even need investments. You could simply keep it in the bank and live very modestly on $10 million per year and it would easily last you more than 60 years

Reply #2

donbathe — Sun, 09 Apr 2023 00:53:52 GMT

But what kind of investments then? Fidelity, bank savings account, ect...

Reply #1

justadream — Sun, 09 Apr 2023 00:33:42 GMT

Possible unless of course one spends like 29 million a day.

800 million dollars

donbathe — Sat, 08 Apr 2023 22:26:27 GMT

If someones whos between 37 and 42 years of age never wanted to go back to work and won like 840 million usd, how could they make this money last until theyre like 100 years old? What kind of investments in the u.s. could allow for such an amount to last that long? Would this be feasibly possible