Posted on 01/13/2016 9:27:00 AM PST by NRx
I am going to buy a large sample of every CHEESE made.
I remember when the Georgia Lottery was first established and the very first winner was asked what he was going to do with his winnings and his answer was, “ I’m going to buy me a doublewide and move to Alabama”. :-)
I don’t know where you can get 2% interest on a savings account these days.
The last 2 savings accounts/money market accounts I had paid a whopping 1/4 of 1% interest. 1/8 of what you are talking about.
Still more than twice as good a payout than lotto.
First, your family’s safety and security is Priority 1.
Next:
Short example of what’s possible:
$1.5B pot
$930M Lump sum, pre-tax.
~$560 after tax payout
30% of taxable income is max amount of deductible, charitable contributions.
~$280M
At a 40% tax rate, ~$110M would be refunded in 2017.
Give away the remaining $280M
In 2 yrs:
You’ll have given away all of the original $560M check and still have $110M.
85% of possible # combinations have been sold so odds suggest a strong probability of one or more winners tonight. BUT if there is no winner Saturday’s jackpot will start at $2 billion ($1.24 billion pre-tax cash).
I think I would try to build a state of the art animal rescue facility..........
Never let your name become public knowledge. That’s the most important rule of all.
If my very small "investment" should pay off big time tonight, I'll destroy my cell phone and go underground to avoid the relatives and charities that will be hounding me immediately.
Then, once I'm rational, I'll make some informed decisions that will involve gifts to my sister and my wife's sisters, large donations to reputable charities working on ovarian cancer research (in memory of my mother), and will tie the rest up in investments that will provide an eternal revenue stream.
Not one nickle to a politician or to a school or anything like that.
“WHY would anyone older than 50 ask for 30 annual payments????”
You can set up a trust that will continue to get the payments. Depending upon how you handle it when you cash in the ticket.
Puerto Rico? Chicago? Dallas?
Marry the girl of my dreams. Failing that, fast cars and slow women.
bkmk
Best movie ever.
Out of 42,000 issuers and over a million individual issues, there are 500-600 distressed with a fraction of those in actual default.
Awww... Good for you. Best response yet.
I have had my eye on a few South Pacific islands and large tracts of land. Would have to buy one (or two or three) of those and a deluxe fishing boat and a Matrix76 catamaran. Would sponsor some good causes (like the above comment to end Freepathons) and make sure I had a trust set up to take care of all my family members and a few close friends.
Definitely not going to party a bunch of it away with a ridiculous posse like some of the rappers do. Not into jewelry.
Wouldn’t mind buying a gold mine in Alaska or the Klondike for some fun summer adventures. Would love to get a nice motorhome and travel around the U.S. and see the sights and meet the people.
Then in year 2...
I don’t mind paying the “voluntary tax on the stupid” when I get a few lottery tickets. It’s worth a few bucks to rev up the imagination about all the “what if” ideas.
Superjumbo CDs ($100k deposit)
Everbank 2.35%
5 other banks 2.00% or higher. (Including Discover and State Farm Banks)
http://www.bankrate.com/funnel/cd-investments/cd-investment-results.aspx?ic_id=CDI_compare_rates_module:www.bankrate.com:5_Yr_Jumbo_CD&local=false&prods=26
For a $10k 5 year CD, ELoan is offering 2.45%; Everbank will give you 2.35% for as little as $1,500.00
You can take what Brick-n-Mortar bank offers when you walk in, or you can shop online for some much better returns.
(Note numbers given are APY over the life of the loan; posted rates slightly lower. Returns may vary based on how the bank posts interest).
Special for small savers - Barclays is offering 2.25% on a 5 year with no minimums.
Note - offering change frequently - go to Bankrate to look for current. Top listings are usually advertised, and may not be the best.
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