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Lottery winners with loans
Old 07-27-2011, 04:02 AM   #1
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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 ?

Age 55, retired July 1, 2012; DW is 59 and working for 4 more years. Current portfolio is 1950K split 50 stocks/20 bonds/30 cash. Renting house, no debts.
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Old 07-27-2011, 09:21 AM   #2
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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 ...

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Old 07-27-2011, 09:34 AM   #3
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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?

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Old 07-27-2011, 03:53 PM   #4
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I'm thinking it was mom that won the first lottery, not the daughter, so don't see the problem, lol?
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Old 07-27-2011, 04:27 PM   #5
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Mom and daughter sound like they're on good terms with each other, luckily....
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