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If you won either the MM/PB JP: How soon would you claim your prize?

Topic closed. 43 replies. Last post 4 years ago by jjtheprince.

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noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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Posted: May 24, 2013, 4:06 pm - IP Logged

First business day of the week following your win,  months later or close to expiration?

* People who say it cannot be done should not interrupt those who are doing it.
       George Bernard Shaw.


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    Posted: May 24, 2013, 4:49 pm - IP Logged

    First business day of the week following your win,  months later or close to expiration?

    * People who say it cannot be done should not interrupt those who are doing it.
           George Bernard Shaw.

    I would wait a couple of months for the suspense to grow and then announce myself on LP.

      haymaker's avatar - Lottery-012.jpg
      Egg Harbor twp.south Jersey shore
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      Posted: May 24, 2013, 5:12 pm - IP Logged

      I know I'd be anxious to cash it ASAP but if if the prize were bigger than ...say the starting JP on MM w/a clear of 4 mils.

      then I think I might take longer to get my ducks in a row.

      I already have a finance and tax guy so first step is to call him and find out what step 2 is.

      Won $1200.00 last year and that made me anxious to collect, can't imagine how $4mil. would make me feel,

      but it did give me a preview.

      Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

        Artist77's avatar - batman14

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        Posted: May 24, 2013, 5:39 pm - IP Logged

        Unless it was a record Jackpot, I think I would claim it in 2-4 weeks.  Under 4 million, maybe in 2-3 weeks.I would not want to wait longer than a month or I am afraid they'd be posting some video of me buying the ticket.  $1200 is a lot!  One HB and one other number in hot lotto makes me a little ancy to get it claimed. lol

        But I think if you have a plan, hopefully that "training" will kick in with a big win. I think the winners who want to play the big shots (when they don't have to do a press conference) and act like they have accomplished something (vs luck), are characters in more ways than one.

        J'aime La France.

          redhot7's avatar - SetforLifeLogo
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          Posted: May 24, 2013, 5:55 pm - IP Logged

          As soon as I can make a decision between lump sum vs annuity. Everything else could come later.

            whiteballz's avatar - Lottery-015.jpg
            Nutley, New Jersey
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            Posted: May 27, 2013, 3:58 pm - IP Logged

            as soon as possible. time is money.

            .

              Teddi's avatar - Lottery-008.jpg

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              Posted: May 27, 2013, 5:17 pm - IP Logged

              First business day of the week following your win,  months later or close to expiration?

              * People who say it cannot be done should not interrupt those who are doing it.
                     George Bernard Shaw.

              It would depend on the size of the JP and how crazy the media frenzy is. If it's a small JP , I don't think there's any need for any major prep work. The media isn't going to be going crazy, so for the most part you'll be able to skate by without too much notice. So the most I'd probably do at that point is to get a PO Box a new phone number. Stuff like that. That'll all take a week or 2 at most. 

              But if it's like the big JP and everyone is waiting to see who the $590M winner is, then at LEAST a month. Time to find a financial planner or 2 and a lawyer. Take out a small loan, find a quiet place to lay low for a few months for after the claiming, set up trusts etc.

              But you don't want to wait too long and end up like that woman in Cali who still had a couple of months left to claim her winnings and they started plastering a pic of her everywhere. Asking if anyone knew who she was. She had no choice but to come forward at that point, ready or not. I remember thinking, those idiot reporters are going to get her killed and she still had so much time left. It was unnecessary.

                noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                Posted: May 27, 2013, 7:44 pm - IP Logged

                As soon as I can make a decision between lump sum vs annuity. Everything else could come later.

                How much time do you need to come up with a decision,  days, weeks or months? It's not rocket science to know what you want. At least that is how l was raised. Know what you want and go for it, he who hesitates is lost.

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                  Posted: May 27, 2013, 8:13 pm - IP Logged

                  if i win a lottery while going to the us to fill up on gas or buy stuff, I'd wait anytime from 2 weeks to 2 months, so I get my money immediately, since it takes time for them to get money from the states.

                   

                  If I won a lottery in canada, I'd wait like 3-5 months, or however long it takes for me to change my name, etc.  But if I won online, I wouldn't have the choice.

                    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
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                    Posted: May 27, 2013, 10:30 pm - IP Logged

                    I would say 2-4 weeks.

                    I Love Pink & Green 1908

                      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                      Posted: May 27, 2013, 11:38 pm - IP Logged

                      if i win a lottery while going to the us to fill up on gas or buy stuff, I'd wait anytime from 2 weeks to 2 months, so I get my money immediately, since it takes time for them to get money from the states.

                       

                      If I won a lottery in canada, I'd wait like 3-5 months, or however long it takes for me to change my name, etc.  But if I won online, I wouldn't have the choice.

                      You cross the Border to fill up on gas Yoho- what's the price there?

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                        Posted: May 27, 2013, 11:47 pm - IP Logged

                        around 1.46 per litre recently - 5.53 per gallon. But CAD is a bit cheaper than USD right now, so I'd say around 5.35 per gallon.

                          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                          Posted: May 28, 2013, 12:22 am - IP Logged

                          around 1.46 per litre recently - 5.53 per gallon. But CAD is a bit cheaper than USD right now, so I'd say around 5.35 per gallon.

                          What's with the British influence on litres, while visiting Africa years ago we bumped into that gasoline price per litre stuff as well. The price of gas is a little over $4.00 a gal out here in the San Francisco bay area at present plus that price is pretty steep out there in your neck of the woods. ...just saying.

                            redhot7's avatar - SetforLifeLogo
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                            Posted: May 28, 2013, 12:34 am - IP Logged

                            How much time do you need to come up with a decision,  days, weeks or months? It's not rocket science to know what you want. At least that is how l was raised. Know what you want and go for it, he who hesitates is lost.

                            I tend to choose annuity but I would talk to a financial planner to hear what they have to say. How long? I don't know. I never hire a financial planner before and I don't know where to find a good one. That's what would take most of my time. Finding a good one among many.

                            Winning a lottery is once in a lifetime opportunity so I want to be careful.

                              noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                              Posted: May 28, 2013, 12:41 am - IP Logged

                              I tend to choose annuity but I would talk to a financial planner to hear what they have to say. How long? I don't know. I never hire a financial planner before and I don't know where to find a good one. That's what would take most of my time. Finding a good one among many.

                              Winning a lottery is once in a lifetime opportunity so I want to be careful.

                              " l Don't know where to find a good financial planner" - you in California right, no problem,  l could come to you,l will be your FP no sweat. My fees are not burdensome in the least. You can trust me- l am not a Lawyer.
                              Big Smile