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$590 million lottery winner still has LBYM habits
Old 06-14-2013, 09:07 AM   #1
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$590 million lottery winner still has LBYM habits

"Old habits appear to die hard for 84-year-old lottery winner Gloria Mackenzie. According to the Daily Mail, the great-grandmother from Zephyrhills, Fla., who won $590 million on the lottery two weeks ago, is still being driven around in her son's gold Ford Focus and shopping at Wal-Mart. Instead of spending her fortune on lavish dinners, she's eating at local crab shacks and taking her leftovers home in doggie bags."


Lottery-winning great-grandmother lives simply

omni
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Old 06-14-2013, 09:25 AM   #2
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I hope she and her family lives well ever after.
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Old 06-14-2013, 10:08 AM   #3
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Actually, I think that's kind(How come I just got an annoying pop-up survey?)a sad. Not that windfall recipients should go nuts, but they should at least be able to enjoy the fruits of their good fortune. I'm not presuming to judge how someone should spend their money; this is a case where (IMO) frugality is so ingrained that the poor woman is incapable of enjoying her prosperity. That's the part I think is sad. YMMV.

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Old 06-14-2013, 10:18 AM   #4
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Quote:
Originally Posted by omni550 View Post
"Old habits appear to die hard for 84-year-old lottery winner Gloria Mackenzie. According to the Daily Mail, the great-grandmother from Zephyrhills, Fla., who won $590 million on the lottery two weeks ago, is still being driven around in her son's gold Ford Focus and shopping at Wal-Mart. Instead of spending her fortune on lavish dinners, she's eating at local crab shacks and taking her leftovers home in doggie bags."
Bless her heart! I'm with her - I'll take a local crab shack over a lavish dinner any day of the week.

I hope the money makes her remaining time comfortable and enjoyable -
however she defines that for herself.
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Old 06-14-2013, 10:42 AM   #5
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Originally Posted by Tyro View Post
Actually, I think that's kind(How come I just got an annoying pop-up survey?)a sad. Not that windfall recipients should go nuts, but they should at least be able to enjoy the fruits of their good fortune. I'm not presuming to judge how someone should spend their money; this is a case where (IMO) frugality is so ingrained that the poor woman is incapable of enjoying her prosperity. That's the part I think is sad. YMMV.

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I think that she is doing what makes her happy. I can connect with that. If I won a huge lottery, I wouldn't change anything either.
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Old 06-14-2013, 10:47 AM   #6
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The article did say that she is building a luxury home. I hope she makes it accessible and hires staff who can provide for her every need as she ages. She certainly deserves it!
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Old 06-14-2013, 11:16 AM   #7
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Bless her heart! I'm with her - I'll take a local crab shack over a lavish dinner any day of the week.

I hope the money makes her remaining time comfortable and enjoyable -
however she defines that for herself.
She could always just buy the crab shack and have her dinner there every night on command.

Spending down the lump sum in her lifetime would take a lot of work!
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Old 06-14-2013, 11:26 AM   #8
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I think she should have included her kids/grandkids etc. on the winning ticket.... when she passes, the gvmt will get a good chunk of what remains... some tax planning early could have saved a lot of money....
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Old 06-14-2013, 11:34 AM   #9
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I assume if someone is spending for lottery tickets (not very LBYM to my mind) they have a reason. Building a new home seems like a decent way to spend it. But not spending it would be a little strange after buying tickets.
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Old 06-14-2013, 11:36 AM   #10
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I think she should have included her kids/grandkids etc. on the winning ticket.... when she passes, the gvmt will get a good chunk of what remains... some tax planning early could have saved a lot of money....
She is sharing the winnings with her son (the same one who is driving her around in the Ford Focus and who will be residing with her in her new house):

Gloria C. Mackenzie, Powerball Lottery Winner, Claims $590 Million May 18 Jackpot

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Old 06-14-2013, 11:38 AM   #11
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It's only been two weeks and she is completely unused to having such moolah. Planning for a big lottery win is more than could be expected, because it is so unlikely. Give her time.....
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Old 06-14-2013, 12:17 PM   #12
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She is sharing the winnings with her son (the same one who is driving her around in the Ford Focus and who will be residing with her in her new house):

Gloria C. Mackenzie, Powerball Lottery Winner, Claims $590 Million May 18 Jackpot

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Good to know... when I heard it on the news it made it seem like she was just giving him some money... not the same as letting him own half right away..
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Old 06-14-2013, 01:57 PM   #13
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The federal government could not be happier when the big winner is 84 years old, considering the big cut in the form of income tax and estate tax.

She is sharing the winnings with her son, but is she giving some gifts to the woman she cut in line of and therefore lucked into the quick pick winning ticket?
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Old 06-14-2013, 02:09 PM   #14
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She is sharing the winnings with her son, but is she giving some gifts to the woman she cut in line of and therefore lucked into the quick pick winning ticket?
I did see this article about the woman and her child who politely let the lady (who won the lottery) go in front of them in line. No regrets for woman who let lotto winner cut in line

I've not heard anything about the winner sharing her winnings with them.

(If these are easy pick tickets -- isn't it more a function of time (rather than location) when the actual numbers are printed on a ticket? So, a split second sooner or later might have resulted in the wnning numbers being printed out on a ticket in Miami or Orlando, for example.)

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