Well, I didn't win the $750 million Powerball the other night so my plan to buy each of you a car of your choice has been ruined. It's not fair that I don't get to be filthy rich and share it with my friends.
Would I have had the option of taking the cash equivalent?
Well, I didn't win the $750 million Powerball the other night so my plan to buy each of you a car of your choice has been ruined. It's not fair that I don't get to be filthy rich and share it with my friends.
The instant you won you would have had too many friends. Many you never knew you had before.
Well, I didn't win the $750 million Powerball the other night so my plan to buy each of you a car of your choice has been ruined. It's not fair that I don't get to be filthy rich and share it with my friends.
Would I have had the option of taking the cash equivalent?
Not that it matters now, I'm just askin
What! are you some kind of communist?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Well, I didn't win the $750 million Powerball the other night so my plan to buy each of you a car of your choice has been ruined. It's not fair that I don't get to be filthy rich and share it with my friends.
The instant you won you would have had too many friends. Many you never knew you had before.
Here's a question. I heard that the PB winner had the option of remaining anonymous but chose to come forward. Me, I'd hide somewhere until I had a team of lawyers and financial advisors on board and would do everything I could to shield my identity just for the reason you mentioned.
Would you go public?
I'd love to have the ability to help friends, family and worthy causes but I wouldn't want to make a big show of it.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I don't understand that. It's like if you wrote off your GT in a wreck and your insurance company is buying you a new replacement. You walk into the Ford dealer and ask "What's the price of that Mustang GT over there?"
"$125,000" the salesman says.
"My insurance company won't go for that!" you exclaim.
"Oh, you're getting it through insurance? Then it's $35,000".
I seriously doubt the hospital was losing money on your $168 anaesthesia.
As others like @dino001 have so well detailed, the system is broken, if not outright corrupt.
Oh, its awful. AND, if you don't have insurance at all, the rate is much lower. It is a crazy scam. It is kind of like marking up your prices 1000% and then having an "800% off" sale. My chiro was not shy about this. If I went through insurance, he'd charge them $80 per visit and they'd pay him $40. If I paid out of my pocket, I paid $40.
I don't like getting political. But, if our White House and Congress would go after the insurance companies, medical supply companies and healtcare providers to clean up their act, instead of trying to penalize "Harry and Jane public" the debate over universal healthcare would become much less contentious.
Just this morning there was a local story about a lady who went to the emergency room of her local hospital with stomach pains. After sitting in the waiting room for 45 minutes with no end in sight to her wait, she left. Hospital charged her $1,000 for sitting in their waiting room. She was never treated.
This isn't an exception as much as people think. This sort of craziness is becoming the rule. The whole thing is a scam.
I think the lump sum was over 400MM. Even after a ~35% tax, I bet that could take care of any depression or misery I may experience. What's the old line, those who say money doesn't buy happiness have never had money?
I'd be anonymous too, all of the long lost friends and relatives might get tiresome, not to mention less scrupulous issues. At least the winner wasn't a 90 year old billionaire with a foot in the grave.
You get the justice you pay for, especially in a burgeoning oligocracy ruled by the lobbyist.
Every time you see the word "universal", the reply will be "socialism", "death panels", "fake news" (life expectancy stats must lie) etc etc etc. Here's an idea, make our beloved politicos live on the healthcare system they want to implement, and not their gilded elite system. Also make tax returns and financial disclosures mandatory for all of them.
Here's a question. I heard that the PB winner had the option of remaining anonymous but chose to come forward. Me, I'd hide somewhere until I had a team of lawyers and financial advisors on board and would do everything I could to shield my identity just for the reason you mentioned.
Would you go public?
I'd love to have the ability to help friends, family and worthy causes but I wouldn't want to make a big show of it.
2018 E Class autonomous valet parking. Nice, but overkill me thinks. I remember Volvo once promoted the technology but I'm not sure if they were able to execute. Watch short video and comment. https://www.youtube.com/watch?v=Y1Y1ChYabWw
Lawyers will have a field day. My main concern is that it will go really slow in parking garages, causing bottlenecks and rage.
If I had one of these, it would pull in striking a Bentley on one side, a Rolls-Royce on the other, then automatically drive off. My current car, like many out there now, has mostly automated parallel parking. I have never used it.
I like how they included an old C123 that cuts in front of the self-parking car.
2018 E Class autonomous valet parking. Nice, but overkill me thinks. I remember Volvo once promoted the technology but I'm not sure if they were to execute. Watch short video and comment.
Well, I didn't win the $750 million Powerball the other night so my plan to buy each of you a car of your choice has been ruined. It's not fair that I don't get to be filthy rich and share it with my friends.
If I won I would have done the same. It would have been the best way to finally get you out of a hooptie. Maybe next time.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Well, I didn't win the $750 million Powerball the other night so my plan to buy each of you a car of your choice has been ruined. It's not fair that I don't get to be filthy rich and share it with my friends.
The instant you won you would have had too many friends. Many you never knew you had before.
Here's a question. I heard that the PB winner had the option of remaining anonymous but chose to come forward. Me, I'd hide somewhere until I had a team of lawyers and financial advisors on board and would do everything I could to shield my identity just for the reason you mentioned.
Would you go public?
I'd love to have the ability to help friends, family and worthy causes but I wouldn't want to make a big show of it.
No way. Matter of fact, I'd probably go in disguise to the lottery office to claim the money. Then, I'd find a way to sneak out the back door once I picked up the check.
I WOULD still post here. And, I would keep my current car, just to be safe from being found out.
Well, I didn't win the $750 million Powerball the other night so my plan to buy each of you a car of your choice has been ruined. It's not fair that I don't get to be filthy rich and share it with my friends.
The instant you won you would have had too many friends. Many you never knew you had before.
Here's a question. I heard that the PB winner had the option of remaining anonymous but chose to come forward. Me, I'd hide somewhere until I had a team of lawyers and financial advisors on board and would do everything I could to shield my identity just for the reason you mentioned.
Would you go public?
I'd love to have the ability to help friends, family and worthy causes but I wouldn't want to make a big show of it.
If I had the choice I'd be quite about it.
I have to laugh about going with one of the financial advisors that will be calling that women. The last thing I would need is financial advice. I'd just look at it for a few months, do some research, then decide what to do with it. Like finding someone who is better at cheating on my 1040 than me.
What's the hurry?
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Some states require that you reveal your identity as part of accepting the winnings. I actually think Ohio is one of the few that allows winners to remain anonymous.
Of course, even in other states there are things you can do to make it harder to figure out who you are - setting up trusts/foundations/LLCs to take the winnings. Like @oldfarmer50 I wouldn't set foot near the lottery office until I had a plan of action for protecting myself, my family, and the money.
Not that any of this matters anyway...
2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
Although Massachusetts law requires lottery winners to be made public, some recipients in the past have created a trust and had a trustee accept the winnings to protect their anonymity.
There also are a few other things she needs to do. For one, because she chose the $480.5 million lump sum instead of 30 payments over 29 years, she should alert her financial institution that it's about to get a deposit of hundreds of millions of dollars.
An estimated $120.1 million will go to Uncle Sam and $24 million to Massachusetts state coffers, leaving Wanczyk with a measly $336 million before the vultures (lawyers, accountants, financial planners) set in.
In regards to the PB as to what I would do, i would take the one sum payout after taxes an I would try my best to maintain anonymity by setting up a living trust or similar vehicle.
But more importantly, where do you put $370+ million dollars? What do you do with it while developing a plan for investing and planning? Do you place it in one bank? 2-banks? 50-banks?
I have given a lot of thought to the above dilemma. I most probably would open a slew of Money Market accounts at scores of banks to protect as much of the money as I could under the auspices of the FDIC (insured up to $750,000 per account with 2 or more trustees named - like "Abaco Mike" in trust for "Abaco Mike Jr." and "Abaco Mike II", etc. That way the money remains available for withdrawal and insured up to "X Dollars" per account.
Any other ideas on how to keep the money safe and available?
In regards to the PB as to what I would do, i would take the one sum payout after taxes an I would try my best to maintain anonymity by setting up a living trust or similar vehicle.
But more importantly, where do you put $370+ million dollars? What do you do with it while developing a plan for investing and planning? Do you place it in one bank? 2-banks? 50-banks?
I have given a lot of thought to the above dilemma. I most probably would open a slew of Money Market accounts at scores of banks to protect as much of the money as I could under the auspices of the FDIC (insured up to $750,000 per account with 2 or more trustees named - like "Abaco Mike" in trust for "Abaco Mike Jr." and "Abaco Mike II", etc. That way the money remains available for withdrawal and insured up to "X Dollars" per account.
Any other ideas on how to keep the money safe and available?
I've always thought I'd invest in T-bills. Not a lot of return, but can stagger them for continuous payments. Maybe some safe blue chip stocks that pay good dividends.
Materially, a couple of homes (summer and winter) with a couple of nice cars at each.
In regards to the PB as to what I would do, i would take the one sum payout after taxes an I would try my best to maintain anonymity by setting up a living trust or similar vehicle.
But more importantly, where do you put $370+ million dollars? What do you do with it while developing a plan for investing and planning? Do you place it in one bank? 2-banks? 50-banks?
I have given a lot of thought to the above dilemma. I most probably would open a slew of Money Market accounts at scores of banks to protect as much of the money as I could under the auspices of the FDIC (insured up to $750,000 per account with 2 or more trustees named - like "Abaco Mike" in trust for "Abaco Mike Jr." and "Abaco Mike II", etc. That way the money remains available for withdrawal and insured up to "X Dollars" per account.
Any other ideas on how to keep the money safe and available?
I think you're thinking way too linear in "putting it into the bank". Short term, it doesn't matter if it is FDIC insured or not, banks don't go out of business overnight, so as long as you put it into one or two big ones, you're good. Then you start putting money into investments, according to your risk. You only need to get rich once, so probably most (80 percent) of money that you want to be outside of "current cash", you'd into the Treasury bonds, which are safe on the principal, just sensitive to inflation. The rest you can put into something riskier, like blue chip dividend-paying stocks. The coupons and dividends would more than cover your lifestyle, as long as you don't start buying yachts, helicopters, or women.
Definitely trying to solve a first world problem. Might not be a bad idea for longterm parking at airports, though.
i like the way the car stops when the little girl runs out, and the car comes out in the parking lot. But, very limited use in the real world. I guess it needs something left in the space so it knows where to go. Hope no one else parks in my space when I am out!
I have self parallel parking and self perpendicular parking frontwards or backwards, but, I doubt I would ever use them....maybe if I am overtired or on some kind of medication.
Would you really buy more houses, and a yacht, and get a whole new set of friends and belong to a fancy golf club and change your whole lifestyle if you won the lottery?
I don't think I would change too much.....I am not greedy, another $10 million is all I would need.
I would take the annuity. Invest that way. Plus avoids figuring how to invest so much, and enforces dollar cost averaging.
Might sound odd, but I would rather win a smaller jackpot. Those huge ones generate bigger hassles! 40mill, paid at 2/year for 20, something like that would cover me, and be easy to handle.
I would take the annuity. Invest that way. Plus avoids figuring how to invest so much, and enforces dollar cost averaging.
Might sound odd, but I would rather win a smaller jackpot. Those huge ones generate bigger hassles! 40mill, paid at 2/year for 20, something like that would cover me, and be easy to handle.
I had similar thoughts. I'd take smaller amounts that are not life changing, like a million or two in one-time payment. Once the annuity goes over million bucks minus tax (jackpot of 20 mill) or so, it becomes less obvious. The biggest advantage of an annuity would be you can blow through the money for one year or two, but it still keeps coming next year and again, so there is time to adjust the lifestyle responsibly, even if you mess up ones or twice. I heard somebody saying take one time half and let time work for you, but I think one would now find investments that can beat that and provide income at the same time. The annuity takes that off and in case you still live within means (I always do), there is chance something will be left over and one can start investing those leftovers without fear of losing everything in the process. As long as you don't borrow against the future, you're fine in an annuity.
One big advantage of large one-time payment is the pressure of thinking what if the system goes bust. But now you start having exactly the same thoughts with the money that's on the account. Either way, if somebody is a worrying type, they'll have nightmare scenarios playing for any situation.
Maybe that lady didn't want to wait, considering what happened to her ex husband last year. He was waiting at a bus stop in the shelter, when a drunk driver crashed through it and killed him..
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
I find myself in a strange place, in that my 401(K) plus SS plus my old-fashioned defined benefit pension from my employer would (or will) provide me with more money than my wife and I need, by quite a margin. We did without quite a lot over the years, and here we are. It basically comes down to spending less than your make.
I find myself in a strange place, in that my 401(K) plus SS plus my old-fashioned defined benefit pension from my employer would (or will) provide me with more money than my wife and I need, by quite a margin. We did without quite a lot over the years, and here we are. It basically comes down to spending less than your make.
Go figure.
I'm pretty much the same way, though I'd go broke if I went and bought a million dollar McMansion or a fleet of Benzes. But right now things are good in the financial department thanks to living sensibly over the years.
Though today I splurged and bought a new toaster. Didn't need one, just wanted a new shiny one. What luxury. But I waited until it was on sale at Canadian Tire!
I find myself in a strange place, in that my 401(K) plus SS plus my old-fashioned defined benefit pension from my employer would (or will) provide me with more money than my wife and I need, by quite a margin. We did without quite a lot over the years, and here we are. It basically comes down to spending less than your make.
Go figure.
Perhaps it's time to start thinking of setting up CdnPinhead Charitable or Education Foundation.
today I splurged and bought a new toaster. Didn't need one, just wanted a new shiny one. What luxury. But I waited until it was on sale at Canadian Tire!
Yes! Spending a bit more on a hotel or meal no longer makes me squirm the way it used to. OTOH, there's not a lot that I want at this point. My wife has a new car, my old one runs just fine and makes me smile, and life in general is fine. I think I earned this, but I'm sure there are people who feel otherwise.
Education can be just as big a snake pit as any of those other industries that have been complained about here. My sister had her first PHD thesis and research appropriated by HER ADVISOR and published as their own. Makes me a bit skeptical.
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
There is probably some moral gymnastics there that makes them rationalize that they approved the assignment and the research was done under their oversight so it is theirs to use.
I find myself in a strange place, in that my 401(K) plus SS plus my old-fashioned defined benefit pension from my employer would (or will) provide me with more money than my wife and I need, by quite a margin. We did without quite a lot over the years, and here we are. It basically comes down to spending less than your make.
Go figure.
What a bizarre concept!
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
I find myself in a strange place, in that my 401(K) plus SS plus my old-fashioned defined benefit pension from my employer would (or will) provide me with more money than my wife and I need, by quite a margin. We did without quite a lot over the years, and here we are. It basically comes down to spending less than your make.
Go figure.
What a bizarre concept!
Unamerican In support of the economy you're supposed to submit to bank's servitude. Anybody who doesn't do it, is an enemy of the people, responsible for our misery as much as Chinese, Bush, Obama, Mexicans, automation, and Goldman Sachs.
I find myself in a strange place, in that my 401(K) plus SS plus my old-fashioned defined benefit pension from my employer would (or will) provide me with more money than my wife and I need, by quite a margin. We did without quite a lot over the years, and here we are. It basically comes down to spending less than your make.
Go figure.
Live today like nobody else and you will live tomorrow like no one else!
Enjoy it, pensions are a fairytale from the past for most of the private sector now, and the private sector will probably end up taxed more to support generous public sector entitlements.
Spend less than you make, but be sure to stop and enjoy the fruits of your labor now and then. Live like nobody else, and remember that tomorrow isn't guaranteed.
Spend less than you make, but be sure to stop and enjoy the fruits of your labor now and then. Live like nobody else, and remember that tomorrow isn't guaranteed.
Amen.
2025 Jetta GLI Autobahn, 2024 Jeep Grand Cherokee 4xE
Comments
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 Cadillac ATS Performance Premium 3.6
Not that it matters now, I'm just askin
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2014 Malibu 2LT, 2015 Cruze 2LT,
2014 Malibu 2LT, 2015 Cruze 2LT,
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Here's a question. I heard that the PB winner had the option of remaining anonymous but chose to come forward. Me, I'd hide somewhere until I had a team of lawyers and financial advisors on board and would do everything I could to shield my identity just for the reason you mentioned.
Would you go public?
I'd love to have the ability to help friends, family and worthy causes but I wouldn't want to make a big show of it.
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Just this morning there was a local story about a lady who went to the emergency room of her local hospital with stomach pains. After sitting in the waiting room for 45 minutes with no end in sight to her wait, she left. Hospital charged her $1,000 for sitting in their waiting room. She was never treated.
This isn't an exception as much as people think. This sort of craziness is becoming the rule. The whole thing is a scam.
I'd be anonymous too, all of the long lost friends and relatives might get tiresome, not to mention less scrupulous issues. At least the winner wasn't a 90 year old billionaire with a foot in the grave.
Every time you see the word "universal", the reply will be "socialism", "death panels", "fake news" (life expectancy stats must lie) etc etc etc. Here's an idea, make our beloved politicos live on the healthcare system they want to implement, and not their gilded elite system. Also make tax returns and financial disclosures mandatory for all of them.
No way would I go public.
2017 Cadillac ATS Performance Premium 3.6
If I had one of these, it would pull in striking a Bentley on one side, a Rolls-Royce on the other, then automatically drive off. My current car, like many out there now, has mostly automated parallel parking. I have never used it.
I like how they included an old C123 that cuts in front of the self-parking car.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I WOULD still post here. And, I would keep my current car, just to be safe from being found out.
I have to laugh about going with one of the financial advisors that will be calling that women. The last thing I would need is financial advice. I'd just look at it for a few months, do some research, then decide what to do with it. Like finding someone who is better at cheating on my 1040 than me.
What's the hurry?
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Of course, even in other states there are things you can do to make it harder to figure out who you are - setting up trusts/foundations/LLCs to take the winnings. Like @oldfarmer50 I wouldn't set foot near the lottery office until I had a plan of action for protecting myself, my family, and the money.
Not that any of this matters anyway...
There also are a few other things she needs to do. For one, because she chose the $480.5 million lump sum instead of 30 payments over 29 years, she should alert her financial institution that it's about to get a deposit of hundreds of millions of dollars.
An estimated $120.1 million will go to Uncle Sam and $24 million to Massachusetts state coffers, leaving Wanczyk with a measly $336 million before the vultures (lawyers, accountants, financial planners) set in.
Source: MSN Money
But more importantly, where do you put $370+ million dollars? What do you do with it while developing a plan for investing and planning? Do you place it in one bank? 2-banks? 50-banks?
I have given a lot of thought to the above dilemma. I most probably would open a slew of Money Market accounts at scores of banks to protect as much of the money as I could under the auspices of the FDIC (insured up to $750,000 per account with 2 or more trustees named - like "Abaco Mike" in trust for "Abaco Mike Jr." and "Abaco Mike II", etc. That way the money remains available for withdrawal and insured up to "X Dollars" per account.
Any other ideas on how to keep the money safe and available?
2024 Genesis G90 Super-Charger
Materially, a couple of homes (summer and winter) with a couple of nice cars at each.
I'd then do some travel and play golf.
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I have self parallel parking and self perpendicular parking frontwards or backwards, but, I doubt I would ever use them....maybe if I am overtired or on some kind of medication.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I don't think I would change too much.....I am not greedy, another $10 million is all I would need.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Might sound odd, but I would rather win a smaller jackpot. Those huge ones generate bigger hassles! 40mill, paid at 2/year for 20, something like that would cover me, and be easy to handle.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
One big advantage of large one-time payment is the pressure of thinking what if the system goes bust. But now you start having exactly the same thoughts with the money that's on the account. Either way, if somebody is a worrying type, they'll have nightmare scenarios playing for any situation.
2018 430i Gran Coupe
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2025 Camry SE AWD
He was waiting at a bus stop in the shelter, when a drunk driver crashed through it and killed him..
Go figure.
Though today I splurged and bought a new toaster. Didn't need one, just wanted a new shiny one. What luxury. But I waited until it was on sale at Canadian Tire!
2017 Cadillac ATS Performance Premium 3.6
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman
My sister had her first PHD thesis and research appropriated by HER ADVISOR and published as their own.
Makes me a bit skeptical.
2017 Cadillac ATS Performance Premium 3.6
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
2018 430i Gran Coupe
2018 430i Gran Coupe
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Spend less than you make, but be sure to stop and enjoy the fruits of your labor now and then. Live like nobody else, and remember that tomorrow isn't guaranteed.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2024 Audi Q8 e-tron - 2017 911 C4S - 2025 BRZ - 2023 A6 Allroad - 2024 Genesis GV60 - 2019 Cayman