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09-06-2009, 04:42 AM
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#41
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Posts: 1,798
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 Quote:
Originally Posted by stoutboy
I don't think taking a lump sum is necessarily a mistake, as long as you don't do it from one of those annuity companies. I'd want to run the numbers on a spreadsheet and factor in a few things, but due to inflation, it is usually the case that a dollar today is better than 10 dollars ten years from now.
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Not to mention dollar in my pocket is better than a promise of $20 next month.
__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
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09-06-2009, 07:02 AM
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#42
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Recycles dryer sheets
Join Date: May 2005
Posts: 444
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I remember a few years back seeing a study that tracked lottery winners - and the vast majority had prudently managed their money. I feel sorry for the 16 year old winner that no one in her family could take her aside and show her what that money could do for her. Or maybe they did and she thought she knew better.
My wife once said if she won she'd keep working, I said you will up until the point someone is just causing you stupid problems at which you'll "why am I still here?".
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09-06-2009, 07:34 PM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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I am sorry to report that the MegaMillion and NYS lottery tickets dh2b bought last week were not winners. 
So I'll never have to worry about squandering it all for him. Oh well... 
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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09-07-2009, 08:38 AM
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#44
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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Not quite everyone (last thing I would want is to own some booze joint).
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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09-07-2009, 08:46 AM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by Milton
Not quite everyone (last thing I would want is to own some booze joint).
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Me either!! Yuck. Not my cup of tea. 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-07-2009, 08:58 AM
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#46
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Quote:
Originally Posted by rmark
My wife once said if she won she'd keep working, I said you will up until the point someone is just causing you stupid problems at which you'll "why am I still here?".
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Actually, we're in this situation. My DW/me were to retire on the same day, a bit over two years ago. I did - she didn't. When it came to a few weeks before she was to leave her j*b, she found she was not emotionally ready to give up the daily grind, as I was.
She is still work*ng, but has an easier time of it, because she knows she can always leave in a moment, if she wishes. It's almost like winning the lottery, but continuing to wo*k.
It certainly releaves most of the pressure of having to be at a j*b.
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09-07-2009, 09:10 AM
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#47
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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In DH's hometown there was a true story of a woman who gave her niece a handful of lottery tickets for a wedding gift (funny right there, of course--were they registerd at Powerball or Megamillions?). One of the tickets won a few million. Aunt was furious that niece would not split the proceeds with her and never spoke to them again.
We also heard the niece and her new-husband spent all the winnings in a few years.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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09-07-2009, 11:28 AM
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#48
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 920
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Quote:
Originally Posted by Milton
Not quite everyone (last thing I would want is to own some booze joint).
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Whhhhhaaaaaaaaat? I suppose next you're going to claim you never wanted to be a fireman, ninja, or pirate?
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09-07-2009, 11:45 AM
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#49
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Booze joint...how do you make one of those?...
__________________
There's no need to complicate, our time is short..
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09-07-2009, 05:05 PM
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#50
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
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Yea, wouldn't the paper get wet?
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09-07-2009, 05:20 PM
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#51
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,603
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hmmm ... I lost over a million in about half the time. Spending it would have been alot more fun (even if it went towards breast implants).
__________________
FIRE'd since 2005
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