50% in tax exempt bonds (VWLUX). 30% in US stocks indexed (VTI). 10% in international stocks indexed (VEU). 10% in physical gold bullion as an insurance policy stored overseas. And finally enough money in cash or a near equivalent (VGSH) to live like a pharaoh for the next 20 years or so.
I still wouldn’t mind winning.
I would use the money to build an Obamacare website. (if it’s enough)
You mean like avoiding casino’s, hookers, and drugs?
1. Don’t have a posse.
1. Shut up
2. Lawyer up
I drove by the nearest lottery outlet at lunch. There was a line of players 500 feet long out the door.
Your top priority is the safety and security of your family.
Be patient and claim your prize anonymously.
Can’t in your state?
Then MOVE first you dim whit!
The bobbleheads in the “media” love to tell you the odds of your chances of winning. Just think. The person(s) who wins it have the same odds of winning than you do.
I like to squander it.
Finally start a Facebook account so all your long-lost friends and relatives know how to contact you.
If for some reason you win this, you need to act fast. First contact a major law firm and financial advisers who are used to dealing with this sort of money on a daily basis. Then follow their advice.
“$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.”
What? this makes it seems like a “typical worker” would have to be frugal on $10.5 mill a year.. Cover bills? Buy a nice Car? you could buy a new nice car every year and take a 3 month vacation and not use up the $10.5 Mill unless you spent like Donald Trump....
This is what I’ve always told people I would do if I won such a large lottery. Take lump sum, sink it into interest bearing accounts and live off the interest for the rest of my life. But I’d still work, I can’t stand just lazying around.
At $10.5 million/year, it is likely that I would stop being a "worker"
How not to squander it?? Let it ride. Buy 800 million worth of tickets on the next power ball .....
I have a “Lottery List” in my head.
I don’t think I’d claim the winnings for six months or so. It would take that long to make “arrangements.”
But once I did... LOOK OUT!!!
Yeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!
Only if you're stupid. You sell the family members a share of your ticket *before* you cash it in. They get their payout (proportionally) directly, not as a taxable gift from you, so it doesn't get double taxed.
I dunno. What would I do with another $800 million?
Sounds good... since I’m in Alabama, somebody please go buy me a ticket with the numbers 19, 21, 27, 55, 57... red ball 12. I’m good for the $2 if I win.