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$590 million lottery winner still has LBYM habits
06-14-2013, 08:07 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,431
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$590 million lottery winner still has LBYM habits
"Old habits appear to die hard for 84-year-old lottery winner Gloria Mackenzie. According to the Daily Mail, the great-grandmother from Zephyrhills, Fla., who won $590 million on the lottery two weeks ago, is still being driven around in her son's gold Ford Focus and shopping at Wal-Mart. Instead of spending her fortune on lavish dinners, she's eating at local crab shacks and taking her leftovers home in doggie bags."
Lottery-winning great-grandmother lives simply
omni
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06-14-2013, 08:25 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,202
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I hope she and her family lives well ever after.
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06-14-2013, 09:08 AM
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#3
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Full time employment: Posting here.
Join Date: Aug 2012
Location: Upstate
Posts: 699
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Actually, I think that's kind(How come I just got an annoying pop-up survey?)a sad. Not that windfall recipients should go nuts, but they should at least be able to enjoy the fruits of their good fortune. I'm not presuming to judge how someone should spend their money; this is a case where (IMO) frugality is so ingrained that the poor woman is incapable of enjoying her prosperity. That's the part I think is sad. YMMV.
Tyro
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06-14-2013, 09:18 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
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Quote:
Originally Posted by omni550
"Old habits appear to die hard for 84-year-old lottery winner Gloria Mackenzie. According to the Daily Mail, the great-grandmother from Zephyrhills, Fla., who won $590 million on the lottery two weeks ago, is still being driven around in her son's gold Ford Focus and shopping at Wal-Mart. Instead of spending her fortune on lavish dinners, she's eating at local crab shacks and taking her leftovers home in doggie bags."
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Bless her heart! I'm with her - I'll take a local crab shack over a lavish dinner any day of the week.
I hope the money makes her remaining time comfortable and enjoyable -
however she defines that for herself.
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06-14-2013, 09:42 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by Tyro
Actually, I think that's kind(How come I just got an annoying pop-up survey?)a sad. Not that windfall recipients should go nuts, but they should at least be able to enjoy the fruits of their good fortune. I'm not presuming to judge how someone should spend their money; this is a case where (IMO) frugality is so ingrained that the poor woman is incapable of enjoying her prosperity. That's the part I think is sad. YMMV.
Tyro
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I think that she is doing what makes her happy. I can connect with that. If I won a huge lottery, I wouldn't change anything either.
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06-14-2013, 09:47 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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The article did say that she is building a luxury home. I hope she makes it accessible and hires staff who can provide for her every need as she ages. She certainly deserves it!
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06-14-2013, 10:16 AM
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#7
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Quote:
Originally Posted by Calico
Bless her heart! I'm with her - I'll take a local crab shack over a lavish dinner any day of the week.
I hope the money makes her remaining time comfortable and enjoyable -
however she defines that for herself.
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She could always just buy the crab shack and have her dinner there every night on command.
Spending down the lump sum in her lifetime would take a lot of work!
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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06-14-2013, 10:26 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,205
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I think she should have included her kids/grandkids etc. on the winning ticket.... when she passes, the gvmt will get a good chunk of what remains... some tax planning early could have saved a lot of money....
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06-14-2013, 10:34 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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I assume if someone is spending for lottery tickets (not very LBYM to my mind) they have a reason. Building a new home seems like a decent way to spend it. But not spending it would be a little strange after buying tickets.
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06-14-2013, 10:36 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,431
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Quote:
Originally Posted by Texas Proud
I think she should have included her kids/grandkids etc. on the winning ticket.... when she passes, the gvmt will get a good chunk of what remains... some tax planning early could have saved a lot of money....
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She is sharing the winnings with her son (the same one who is driving her around in the Ford Focus and who will be residing with her in her new house):
Gloria C. Mackenzie, Powerball Lottery Winner, Claims $590 Million May 18 Jackpot
omni
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06-14-2013, 10:38 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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It's only been two weeks and she is completely unused to having such moolah. Planning for a big lottery win is more than could be expected, because it is so unlikely. Give her time.....
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06-14-2013, 11:17 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,205
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Quote:
Originally Posted by omni550
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Good to know... when I heard it on the news it made it seem like she was just giving him some money... not the same as letting him own half right away..
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06-14-2013, 12:57 PM
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#13
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 576
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The federal government could not be happier when the big winner is 84 years old, considering the big cut in the form of income tax and estate tax.
She is sharing the winnings with her son, but is she giving some gifts to the woman she cut in line of and therefore lucked into the quick pick winning ticket?
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06-14-2013, 01:09 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,431
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Quote:
Originally Posted by bondi688
She is sharing the winnings with her son, but is she giving some gifts to the woman she cut in line of and therefore lucked into the quick pick winning ticket?
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I did see this article about the woman and her child who politely let the lady (who won the lottery) go in front of them in line. No regrets for woman who let lotto winner cut in line
I've not heard anything about the winner sharing her winnings with them.
(If these are easy pick tickets -- isn't it more a function of time (rather than location) when the actual numbers are printed on a ticket? So, a split second sooner or later might have resulted in the wnning numbers being printed out on a ticket in Miami or Orlando, for example.)
omni
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