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To: ChicagoConservative27

It will most likely be gone within 3 years. He’ll lose 43%+ to taxes and very easily blow the rest. I hope he is wise with his winnings but most lottery winners are not.


2 posted on 04/10/2022 1:23:05 PM PDT by rb22982
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To: rb22982

He will be smart. He will invest in sensible whiskey and a good woman.


4 posted on 04/10/2022 1:29:16 PM PDT by KC Burke (If all the world is a stage, I would like to request my lighting be adjusted.)
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To: rb22982

Sad but true that most people who win these things blow it. There are exceptions but they usually have good advice from a financial advisor and an attorney. Simple advice would be to take 10% if what’s left after taxes for immediate enjoyment but make zero major changes in your life for at least a year, invest the rest in market funds and never touch the principal once it’s invested. A certain amount of discipline is required for that approach.


7 posted on 04/10/2022 1:59:11 PM PDT by Bayan
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