Pick ONE big mistake Lottery Winners do...Prev TopicNext Topic

• Karen Nathan

  

  Miami Florida
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  Jan 20, 2022, 7:36 am

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  My one big mistake Lottery Winners do is not thinking the taxes thing through. They end up in debt due to not paying the taxes right.

  "What's your ADDRESS?" May be the CREEPIEST question EVER asked to a Lottery Winner! O.O WTF?

   

  At first, I found the one digit away draws kind of amusing, but now I am PISSED! 15 or 16 times I was off by just one digit in recent times!🤬 No longer find this amusing, it's making me REALLY angry now!🤬
• hearsetrax

  

  United States
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  Jan 20, 2022, 9:48 am

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  get a case of all that money will fix the unfixable 

  get a case of all that money will solve enough the world's issues

  
• Coin Toss

  

  Zeta Reticuli Star System
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  Jan 20, 2022, 12:32 pm

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  As one jackpot winner said "Don't let everybody else think you've just become their ATM."

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• Nikkicute

  

  Wisconsin
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  Jan 20, 2022, 1:17 pm

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Jan 20, 2022

  As one jackpot winner said "Don't let everybody else think you've just become their ATM."

  you have to learn to say NO!
• Stat$talker

  

  700 light yrs West of Milky Way Galaxy's Center
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  Jan 20, 2022, 1:41 pm

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  In response to Karen Nathan

  Quote: Originally posted by Karen Nathan on Jan 20, 2022

  My one big mistake Lottery Winners do is not thinking the taxes thing through. They end up in debt due to not paying the taxes right.

  "My one big mistake Lottery Winners do is not thinking the taxes thing through."

  Most of us would LOVE to have just such a problem..

  "Let'z see naah,.. exactly which one of my many Bank accounts, shall I pay Ole Unck frum?..The Main one wit $100 Million in it,.. or my miscellaneous account wit $12 Million?"

  ..Decisionz, Decisionz, Decisionz..!!!

                                   

  ...MATH... The final Stochastic frontier...

  These are the Lottery Voyages of Stat$talker..!!

  The ongoing Mission,..to seek out the Laws of "Probability Math"...

   to master its rules to invoke...to Conquer ALL Major Jackpots..!!

  ...To boldly go,... Where NO Player has gone before...!!
• CDanaT

  

  Central TN
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  Jan 20, 2022, 4:55 pm

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     Course, depending on the total dollar amount won ? Some do not live within their means. It's one thing if you won $1 Million but entirely something else if you won $20M or $50M or a $100+ Million. A simple meeting with a financial representative or 2 should assist one in resolving any future earnings with a 8-9 figure jackpot win.         Should all other reasonable, common sense ideas fail ??  IMHO, make darn sure you are completely debt free with a nest egg before you conduct any "donating of dollars" to anyone else(especially family/friends)

  Si vis pacem, para bellum.
• ah1963

  

  United States
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  Jan 20, 2022, 5:13 pm

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  In response to Karen Nathan

  Quote: Originally posted by Karen Nathan on Jan 20, 2022

  My one big mistake Lottery Winners do is not thinking the taxes thing through. They end up in debt due to not paying the taxes right.

  Find a right financial adviser and a lawyer. Negotiate their fees. There are many lawyers will rip you off. Financial adviser and financial manager should be separate entity. After that enjoy your life, but remember money won't solve your all problem. Consult a good therapist time to time.
• Karen Nathan

  

  Miami Florida
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  July 13, 2018
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  Jan 20, 2022, 6:09 pm

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  In response to Stat$talker

  Quote: Originally posted by Stat$talker on Jan 20, 2022

  "My one big mistake Lottery Winners do is not thinking the taxes thing through."

  Most of us would LOVE to have just such a problem..

  "Let'z see naah,.. exactly which one of my many Bank accounts, shall I pay Ole Unck frum?..The Main one wit $100 Million in it,.. or my miscellaneous account wit $12 Million?"

  ..Decisionz, Decisionz, Decisionz..!!!

                                   

  What I was trying to convey is that the Lottery Winners forget to pay the taxes on their Winnings, ie, they only pay their State Taxes and forget to pay the Federal Taxes which is big trouble when they get audited at Tax Time for not paying their Federal Taxes. The smart thing would be to ask upfront to take out the State Taxes and the Federal Taxes at the same time.

  "What's your ADDRESS?" May be the CREEPIEST question EVER asked to a Lottery Winner! O.O WTF?

   

  At first, I found the one digit away draws kind of amusing, but now I am PISSED! 15 or 16 times I was off by just one digit in recent times!🤬 No longer find this amusing, it's making me REALLY angry now!🤬
• Stack47

  

  Kentucky
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  Jan 20, 2022, 6:12 pm

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  In response to Karen Nathan

  Quote: Originally posted by Karen Nathan on Jan 20, 2022

  My one big mistake Lottery Winners do is not thinking the taxes thing through. They end up in debt due to not paying the taxes right.

  Hopefully one of these days a real live jackpot winner is going to post and we can ask them questions like this. Do you actually know a lottery winner that didn't pay their "taxes right"?

  "When will we ever learn?"
• rcbbuckeye

  

  100

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  Jan 20, 2022, 6:19 pm

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  I'm thinking our dear "Uncle" will see to it a lottery winner's taxes are paid right.

  CAN'T WIN IF YOU'RE NOT IN

  A DOLLAR AND A DREAM (OR $2)
  
• Stack47

  

  Kentucky
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  Jan 21, 2022, 11:55 pm

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  In response to rcbbuckeye

  Quote: Originally posted by rcbbuckeye on Jan 20, 2022

  I'm thinking our dear "Uncle" will see to it a lottery winner's taxes are paid right.

  It's difficult to tell if they mean large jackpot game winners or someone that won $900. Both get a W-2G, but 25% for federal taxes will be withheld on prizes over $25,000. There are people in federal prison that made "one big tax related mistake", but doubt that's a common mistake among lottery game winners.

  "When will we ever learn?"