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another story on lottery winners
Old 02-28-2006, 08:34 AM   #1
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another story on lottery winners

http://news.yahoo.com/s/usatoday/200...ckcangobadfast
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Re: another story on lottery winners
Old 02-28-2006, 10:31 AM   #2
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Re: another story on lottery winners

That's why I never play ... don't want to known as "the lucky b@stard". Worked/planned too much to get to where we are.
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Re: another story on lottery winners
Old 02-28-2006, 10:34 AM   #3
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Re: another story on lottery winners

Maddy, you're telling everyone that all your winnings went to repay your credit-card debt that you amassed buying lottery tickets, right?
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Re: another story on lottery winners
Old 02-28-2006, 10:48 AM   #4
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Re: another story on lottery winners

Quote:
Maddy, you're telling everyone that all your winnings went to repay your credit-card debt that you amassed buying lottery tickets, right?
but I get cash back on my credit card
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Re: another story on lottery winners
Old 02-28-2006, 11:01 AM   #5
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Re: another story on lottery winners

Quote:
Originally Posted by The Beagle Formerly Known as Maddy
but I get cash back on my credit card
Ah, that's our little secret. Just us and the other 2000 registered users. And how expensive could it be to buy everyone's silence?
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Re: another story on lottery winners
Old 02-28-2006, 01:16 PM   #6
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Re: another story on lottery winners

I buy tickets with a group at work. When someone asks what I would buy I always tell them I'll call Vanguard for the index fund forms, and check the box that says send me the dividends.

And then I tell them I would probably get the carbeurator in the truck rebuilt. Its important to maintain the $800 truck.
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Re: another story on lottery winners
Old 02-28-2006, 01:19 PM   #7
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Re: another story on lottery winners

Is it plausible to keep your identity secret?
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Dot Com Lottery
Old 03-01-2006, 03:32 PM   #8
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Dot Com Lottery

Although not a lottery winner, I aquired sudden wealth in 1999.

I was working for a Dot Com company that IPO'ed in early 1999. As soon as I was able (6 months later) I sold all of my stock producing a lottery like bonanza. My 1999 tax bill was huge!

I had reservations at the time about selling the stock, thinking that it would probabily go much higher (WRONG!), but after I calculated what I would have if I sold it, I decided that "ENOUGH" was better than being greedy.

Many friends and relatives had some idea and I was exposed to similar "Sudden close friends" and (not very) veiled hints by relatives.

Fortulately, I invested the money conservatively and am now retired and live off the income.

HBH
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Re: another story on lottery winners
Old 03-01-2006, 03:51 PM   #9
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Re: another story on lottery winners

Under an investment plan, the Nebraska Powerball winners' $15.5 million, after accepting the lump sum and paying taxes, could produce a yearly income of about $500,000 a year.

(from the link).

That seems very low ball.
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Re: another story on lottery winners
Old 03-01-2006, 09:15 PM   #10
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Re: another story on lottery winners

Quote:
Originally Posted by Wizard
Under an investment plan, the Nebraska Powerball winners' $15.5 million, after accepting the lump sum and paying taxes, could produce a yearly income of about $500,000 a year.

(from the link).

That seems very low ball.*
How so?

Ha
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Re: another story on lottery winners
Old 03-02-2006, 01:25 AM   #11
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Re: another story on lottery winners

Quote:
Originally Posted by HaHa
How so?

Ha
Closed end income funds.
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Re: another story on lottery winners
Old 03-05-2006, 10:47 AM   #12
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Re: another story on lottery winners

I love lotteries!!

I consider them a form of voluntary taxation, in which I elect not to contribute. I figure, the more other people contribute to lotteries, the less tax I have to pay. Have never bought a lottery ticket, never will.

As a bleeding heart, however, I do have concerns when I see people throw a couple of lottery tickets in with the doritos, beer, and Huggies.....
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Re: another story on lottery winners
Old 03-05-2006, 01:06 PM   #13
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Re: another story on lottery winners

I have to relay this story about lottery tickets. This morning we celebrated birthdays for my grandfather 92 and stepmom 71. What do you get a 92 yr old...scratch tickets... and her? Some little trinket and again, scratch tickets. We had the best time foran hour morning watching the two of them scratch tickets. Between them they won about $30.

Birthday Cake $10

Scratch Tickets $100

Watching stepmom and grampi have fun for an hour -- Priceless

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Re: another story on lottery winners
Old 03-05-2006, 02:14 PM   #14
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Re: another story on lottery winners

<<As a bleeding heart, however, I do have concerns when I see people throw a couple of lottery tickets in with the doritos, beer, and Huggies.....>>


Yeah, hate to see them buying lottery tickets when they could have purchased more beer and doritos.
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