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02-25-2019, 10:31 AM
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#1
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Moderator
Join Date: Nov 2014
Posts: 9,182
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Minimized SORR Today
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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Every day when I open my eyes now it feels like a Saturday - David Gray
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02-25-2019, 10:48 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Location: Beaverton
Posts: 1,382
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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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Jump in, the water's warm.
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02-25-2019, 10:50 AM
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#3
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Moderator
Join Date: Nov 2014
Posts: 9,182
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I got 4 balls plus the power ball. did not get #32.
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Every day when I open my eyes now it feels like a Saturday - David Gray
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02-25-2019, 10:56 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Well, talk about rolling into retirement on a high note! 
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FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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02-25-2019, 11:12 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,961
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Dear long lost Uncle Jerry!!! Its me!! Your favorite nephew!!
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02-25-2019, 12:25 PM
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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: Jan 2018
Location: Tampa
Posts: 11,300
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Congrats. Good stuff to hear.
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TGIM
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02-25-2019, 02:01 PM
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#7
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Recycles dryer sheets
Join Date: May 2013
Posts: 327
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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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02-25-2019, 02:18 PM
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#8
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Thinks s/he gets paid by the post
Join Date: May 2005
Location: Portland
Posts: 1,713
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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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02-25-2019, 02:21 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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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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FIRE Class of 2018 @ 61
Old men and women sit in the shade of trees they planted long ago
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02-25-2019, 03:48 PM
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#10
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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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My new best friend!
But seriously, congratulations.
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02-25-2019, 03:58 PM
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#11
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Moderator
Join Date: Nov 2014
Posts: 9,182
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 Quote:
Originally Posted by travelover
But seriously, congratulations.
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On my new best friend? 
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Every day when I open my eyes now it feels like a Saturday - David Gray
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02-25-2019, 04:13 PM
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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: Jun 2007
Posts: 13,228
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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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02-25-2019, 04:19 PM
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#13
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Moderator
Join Date: Nov 2014
Posts: 9,182
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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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Every day when I open my eyes now it feels like a Saturday - David Gray
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02-25-2019, 04:30 PM
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#14
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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 Jerry1
....... Still will have some fun spreading it around.
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Why not start with spreading the 50 grand around to your new best friends?
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02-25-2019, 04:37 PM
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#15
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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Nice job Jerry! 
I'm in the club of your new best friends too!
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*********Go Yankees!*********
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02-25-2019, 04:44 PM
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#16
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Dryer sheet wannabe
Join Date: Jun 2018
Location: Somerset County
Posts: 19
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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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02-25-2019, 04:46 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,421
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Congrats!!!
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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02-25-2019, 06:36 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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I guess you moved up on the list of the people I like to meet thread.
__________________
TGIM
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02-25-2019, 07:49 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,153
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OMG congrats!
__________________
Retired since summer 1999.
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02-25-2019, 07:56 PM
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#20
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Moderator
Join Date: Jul 2017
Posts: 5,776
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Congrats!!!! Thanks for sharing your good news!
__________________
Use it up, wear it out, make it do or do without.
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