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What's the highest amount you'd feel comfortable handling on your own??

Topic closed. 18 replies. Last post 3 years ago by dallascowboyfan.

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Posted: January 17, 2014, 9:28 am - IP Logged

Without financial planners and tax attorneys helping you when or even right after you claim, what's the highest amount you think you could handle on your own. For me I'd say the base jackpots and below. Mainly because after taxes, buying a new house and a couple of cars, I'd just be looking for some simple investments to park the cash and just live off the income from the investments. That's me how much would you feel you could handle on your own?

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    NASHVILLE, TENN
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    Posted: January 17, 2014, 10:00 am - IP Logged

    $20

     

    That's all my wife will let me have.

      Candlelight777's avatar - nw saucyelf.jpg
      Indiana
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      Posted: January 17, 2014, 10:14 am - IP Logged

      Anything over $100,000 i would be seeking financial advice from an expert to determine what my best investment options are Thumbs Up

        sully16's avatar - sharan
        Ringleader
        Michigan
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        Posted: January 17, 2014, 3:28 pm - IP Logged

        $20

         

        That's all my wife will let me have.

        rotflmoa

         HyperBe Happy.

          sully16's avatar - sharan
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          Posted: January 17, 2014, 3:29 pm - IP Logged

          $ 1,368,452.99, I hate rounding up or down when it comes to money.

           HyperBe Happy.

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            Posted: January 17, 2014, 6:39 pm - IP Logged

            $ 1,368,452.99, I hate rounding up or down when it comes to money.

            LOL so if it was $!,368,452.98 you'd be cool in handling it yourself then

              Igamble's avatar - spider
              nj
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              Posted: January 17, 2014, 7:21 pm - IP Logged

              101.001.010 $ after they take the taxes and i pay the remianing taxes at end of taxable year..

                rdgrnr's avatar - walt
                Way back up in them dadgum hills, son!
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                Posted: January 17, 2014, 7:29 pm - IP Logged

                33 Trillion.

                That's my cutoff point.

                Anything over that and it starts gettin' a little dicey, know what I'm sayin'?

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                  Ontario
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                  Posted: January 17, 2014, 7:34 pm - IP Logged

                  I am an accounting guy so I have that part covered, anything between $500,000 to $10 million I would probably be a little bit cautious and get advise. Anything above $50 million after tax I will handle myself as I dont see myself blowing that kind of money even if I tried

                    weshar75's avatar - Lottery-042.jpg
                    Mcminnville, Oregon
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                    Posted: January 17, 2014, 7:36 pm - IP Logged

                    I can take the annuity so it wouldn't be much of a problem for me.  I take whatever my ticket jackpot matches and I will be able to handle it.-weshar75

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                      JonnyBgood07's avatar - Patriots logo1.jpg
                      Connecticut
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                      Posted: January 17, 2014, 7:46 pm - IP Logged

                      What's the highest amount you'd feel comfortable handling on your own??

                       

                      all of it.Spend it and live it up before the markets crash and the dollar is absolute zero

                      "No matter how bad things may get, I'd like to thank my middle finger

                      for always sticking up for me.."

                       


                        ttech10's avatar - blobdude
                        Texas
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                        Posted: January 17, 2014, 10:17 pm - IP Logged

                        33 Trillion.

                        That's my cutoff point.

                        Anything over that and it starts gettin' a little dicey, know what I'm sayin'?

                        I Agree!

                          Teddi's avatar - Lottery-008.jpg

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                          Posted: January 18, 2014, 8:48 am - IP Logged

                          Without financial planners and tax attorneys helping you when or even right after you claim, what's the highest amount you think you could handle on your own. For me I'd say the base jackpots and below. Mainly because after taxes, buying a new house and a couple of cars, I'd just be looking for some simple investments to park the cash and just live off the income from the investments. That's me how much would you feel you could handle on your own?

                          Anything over $5 million (after taxes) I'd hire an advisor. I'm not quitting my job for that amount. But it's enough to have a decent house, a couple of nice cars, be completely debt free and not lose sleep worrying about not having enough to retire on when the time comes. It's a non-lavish lifestyle amount I can manage on my own.

                            Slick Nick's avatar - Lottery-035.jpg
                            Rochester
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                            Posted: January 18, 2014, 10:55 am - IP Logged

                            If I won a miliion, after taxes would be approx. $600,000 I think. With that little bit, basically a few more savings accounts. However if I won lets say 5 million, I would seek advice. Cheers

                            Money is a terrible master, but a great servant...Smile

                              sully16's avatar - sharan
                              Ringleader
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                              Posted: January 19, 2014, 9:24 am - IP Logged

                              To be realistic, you should ask for advice as soon as you start earning income.

                              You need to think about your old age while your young and healthy.

                               HyperBe Happy.