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Old 02-25-2019, 10:31 AM   #1
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I WON! - $50K in the Powerball.

I was shaking as I only missed the jackpot ($300M) by one number. Even after I was sure I was correct with what I was seeing and confirmed the amount, I was still shaking. When people say they would have a heart attack, I now see it. That's the most I've ever won in my life by a long shot. Fun, exciting and financially sweet. I needed to pay off my truck ($28K). I only financed it because they gave an incentive and I have to keep the loan for four months. Now I don't have to deplete my cash as I had planned.

Somewhat of a bummer is that they take 24% federal tax out of the check. I had already paid in my taxes* up to the top of the 12% tax bracket so this will be entirely overpaid. I'll still be at the top of the 12% bracket, I'll just be taking lees out of my IRA.

I'll pay off the truck, take the family out to a really nice dinner, give some extra to the charities we support and call it good.


* I had a large refund coming from 2018 due to my severance and that being over withheld so I just rolled enough forward knowing I'd be maxing out the 12% bracket. I guess I could consider doing some ROTH conversion into the next higher bracket, but that wasn't the plan. I'm thinking I might amend my return and get the roll forward refunded.
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Old 02-25-2019, 10:48 AM   #2
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Nice job. I just looked at the board driving to my dentist a minute ago. Was wondering how much you’d get with all but one. Which one in your order was off?
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Old 02-25-2019, 10:50 AM   #3
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I got 4 balls plus the power ball. did not get #32.
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Old 02-25-2019, 10:56 AM   #4
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Well, talk about rolling into retirement on a high note!
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Old 02-25-2019, 11:12 AM   #5
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Dear long lost Uncle Jerry!!! Its me!! Your favorite nephew!!
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Old 02-25-2019, 12:25 PM   #6
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Congrats. Good stuff to hear.
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Old 02-25-2019, 02:01 PM   #7
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LOL - enjoy paying off the truck

(What do we call someone already FIREd winning the lottery? "Like taking coals to Newcastle"?)
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Old 02-25-2019, 02:18 PM   #8
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Dear long lost Uncle Jerry!!! Its me!! Your favorite nephew!!
and can I borrow $20k? Just until my tax return gets back. Mama wants a new car....and a leather jacket...plus some boots
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Old 02-25-2019, 02:21 PM   #9
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How exciting! DH buys lottery tickets every week, much to my chagrin. I don't gripe too much, just in case he wins big.
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Old 02-25-2019, 03:48 PM   #10
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My new best friend!


But seriously, congratulations.
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Old 02-25-2019, 03:58 PM   #11
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But seriously, congratulations.
On my new best friend?
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Old 02-25-2019, 04:13 PM   #12
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Congrats, Uncle Jerry!

Are you glad now that other ball didn't match, or would you really like the $300M?
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Old 02-25-2019, 04:19 PM   #13
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Congrats, Uncle Jerry!

Are you glad now that other ball didn't match, or would you really like the $300M?
I would like the $300M. I know there are those that say they wouldn’t, but I’m confident I could deal with it. Get the right professional team together and no reason it wouldn’t be good for me and family as well as the ability to do so much good. I’d like to give it a go. But hey, $50K was fun and nothing to sneeze at. Still will have some fun spreading it around.
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Old 02-25-2019, 04:30 PM   #14
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....... Still will have some fun spreading it around.
Why not start with spreading the 50 grand around to your new best friends?
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Old 02-25-2019, 04:37 PM   #15
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Nice job Jerry!

I'm in the club of your new best friends too!
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Old 02-25-2019, 04:44 PM   #16
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Wow, you’re truely one in a million! Actually 1 in 913,130 - according to the Powerball website.
The big one is 1 in 292,201,338 - so you can feel better knowing you were really not as close as it seems.

Congrats!
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Old 02-25-2019, 04:46 PM   #17
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Congrats!!!
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Old 02-25-2019, 06:36 PM   #18
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I guess you moved up on the list of the people I like to meet thread.
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Old 02-25-2019, 07:49 PM   #19
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OMG congrats!
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Old 02-25-2019, 07:56 PM   #20
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Congrats!!!! Thanks for sharing your good news!
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