[9YearLurker]

Why do I fear another tragic story in the making?

[Jolla]

Indeed; I recall a story from my youth about a millionaire that drove through a small town that needed help and no one helped him. Later he sent everyone in the town $1000s of dollars and to make a long story short, it totally destroyed the town.
On the other hand I liked the guy that won the lottery and said, I am spending half on wild women and wild times and wasting the rest of it.

[pesto]

It’s not that bad of a place. He’s got his own ferris wheel.

[Hawthorn]

>> Why do I fear another tragic story in the making? <<

Maybe because you remember John Beresford Tipton and Michael Anthony?

[baltoga]

Quite possible, but the challenge for this young cowboy is where to get good advice. Personally, I would recommend the following:

- Start off with $232 million
- Cash out assuming $120 million
- Uncle Sam takes $60 million leaving you with a half.
- Donate $30 million to various charities leaving you again with a half of a half.
- Set aside $15 million as family trust and to cover attorny/accountant fees. Stipulate what family members have to do to cash in (that should be fun)
- You’re now down to $15 million so invest $7.5 million ROTH IRA. Retirement taken care of.
- Create your own trust of $7.5 million and live off the yearly payouts.