Fishingmn
Full time employment: Posting here.
My 1 ticket didn't win - back to the original plan of retiring at 55.
Looks like I won after all.
Looks like I won after all.
Not true. The payments will go to the late winner's heir(s).I may be wrong but thought the annual payments stop if you die before they are completed.
Lotto officials said that if no winning tickets were sold, the jackpot would have gone up to $1 Billion. Holy cow! Only in the USA.
This is why I would accept the prize anonymously.
let's be honest. So if I gave you $10K would you take it? $100K? $1M? But oh no, not $100MM.
No one would trust your second idea, and anyway, for almost everyone, a big fully taxed win would be better anyway.If lottery operators want higher-income people to buy more tickets, there should be no tax on the winnings, or better yet, make the prize no income tax for life.
Does Firecalc work with 9 digits?
Yes, it would also be my concern. Even with my pitiful stash by comparison, if we would leave it to my children when they were in their 20s, I think they would go straight into ER, then became bored and got into trouble. As it is, most likely my wife will live long enough that they would be mature and in their 50s when they see the bulk of the money, if there's anything left (and I surely hope that's the case). But I will see to it that I would transfer some to them while we are still alive....
That would be split between my kids. They all work hard, the extra money would give them some security or money for extras. I'd happily make it more if I thought I could do that without enticing them to retire too soon (yeah, I know this is an early retirement forum)...
If lottery operators want higher-income people to buy more tickets, there should be no tax on the winnings, or better yet, make the prize no income tax for life.
I have no idea what I would do with that kind of money. It is kind of unfathomable.What would you do if you won the lottery ?