Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Lottery winners with loans
Old 07-27-2011, 04:02 AM   #1
Thinks s/he gets paid by the post
Join Date: Jun 2010
Location: France
Posts: 1,313
Lottery winners with loans

Maybe I'm reading this story wrong. But it seems to say that Mom won $15.5 million in 1991 and daughter still has student loans. Did Mom spend most of the $15.5 million on lottery tickets ? Or does she really, really not believe in making things "too easy" for her kids ?

Born 11/1960, retired June 30, 2012; DW born 07/1957, retires on July 31, 2019. Current portfolio is 2000K Euros, split 40 stocks/20 bonds/20 RE/20 cash. Renting house, no debts.
BigNick is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-27-2011, 09:21 AM   #2
Moderator Emeritus
braumeister's Avatar
Join Date: Feb 2010
Location: Flyover country
Posts: 13,200
Back in 1991, Amy decided not to take her megajackpot win in a lump sum and instead opted to take it in yearly installments, receiving $738,000 before taxes annually for 20 years.
Still ...

I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 07-27-2011, 09:34 AM   #3
Moderator Emeritus
Nords's Avatar
Join Date: Dec 2002
Location: Oahu
Posts: 26,705
Originally Posted by BigNick View Post
Or does she really, really not believe in making things "too easy" for her kids ?
The reasons probably have nothing to do with money.

Or maybe she's part of the "pay off the student loans or invest the money" debate?

The book written on, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 07-27-2011, 03:53 PM   #4
Full time employment: Posting here.
Join Date: Aug 2008
Posts: 812
I'm thinking it was mom that won the first lottery, not the daughter, so don't see the problem, lol?
davemartin88 is offline   Reply With Quote
Old 07-27-2011, 04:27 PM   #5
Moderator Emeritus
Bestwifeever's Avatar
Join Date: Sep 2007
Posts: 17,455
Mom and daughter sound like they're on good terms with each other, luckily....
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Quick Links

All times are GMT -6. The time now is 04:31 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.