Could it be any more clear that I am a woman?
Posted on 01/08/2016 12:51:41 PM PST by NRx
Evidence shows that most people who make it to the top 1 percent of income earners usually don't stay at the top for very long.
But the person who wins the $800 million Powerball jackpot during Saturday night's drawing, assuming one person wins the entire pot, will have such a large pile of cash that they can create a steady cash flow of millions of dollars a year without taking much risk.
"With this amount of money there's really no reason to be overly aggressive," said Jeffrey Carbone, managing partner and founding member of Cornerstone Financial Partners in Charlotte. "Lottery winners unfortunately try to get richer but now it's really about maintaining your wealth."
For someone taking the lump-sum, the prize would amount to an estimated $372 million after federal taxes, according to the website USAMega.com. After state taxes, that pot would be reduced to about $350 million -- though it could be more or less, depending on the state. (Ten states, along with Puerto Rico and the U.S. Virgin Islands, don't charge any state taxes on lottery winnings, according to USAMega.com.)
After investing that $350 million in a conservative portfolio that earns an average of 3 percent a year, the move could generate a steady cash flow of about $10.5 million a year. (And that's without spending down any of the actual prize money.) For the typical worker, that would be enough money to cover the bills, buy a nice car, offer some financial support to family and friends, and still indulge in some nice meals and a few vacations.
(Excerpt) Read more at washingtonpost.com ...
A trust (group) can collect the prize, but its members may not be anonymous unless the state allows it.
Oh...Trannies.
I’d tell everyone I lost it gambling at Mohegan Sun. Then I’d say I was going into rehab for my gambling addiction, but instead zip over to Bermuda for six months, and come back a changed woman.
Just kidding.
$350 million and you gotta worry about living off the interest? You plan on living to be 1000 years old?
What, you’re a dude now? ;)
Well if you’re in to that sort of thing, I won’t judge you.
With that much money it might be possible...
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LOL!
Not me. I’m Pixelsexual. I like hot Skyrim chicks ;)
Why those two locales? Kanab is a two hour drive from several national parks, to include Zion and Bryce Canyon, and it's out of the way.
Traben-Trarbach is on the Mosel River. During June-Labor Day, there are 2-3 winefests every weekend. During the week, you're a 4 hour drive from Munich, Amsterdam, Hamburg, Switzerland, etc. It's an amateur historian's dream, as the Mosel had a strong Roman influence for 5-6 centuries.
I'd probably splurge for one more house in Burleson, build it within walking distance of Lost Oak Winery, my favorite place to hang out.
WELL YOU DIDN’T SPECIFY!!!!
...And we jive in the age of Jenner so... ;)
“Germany, a town I lived in”
Met your new neighbors Mohammed and Akbar.
Seriously though, the reality is... I’d be dead within a month.
Never heard of that idea. Sounds like a good one.
I admire your endurance.
Could it be any more clear that I am a woman?
Nice try fraud, but the shoes and smock don’t match.
I’m on to your schemes... Youre a dude. No woman would EVER make that mistake ;)
Man, how times have changed. When I was a kid, if someone was talking about a tranny, it was that mechanical device that attached to the back of the engine, usually a V-8...
One house, right in the middle of about 50,000 acres.
I told the mechanic “Yea I blew a tranny on the Ford.
He said my sex life wasn’t his concern...
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