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johnireland
·I would have great fun and make good use of it.
Powerball and Megamillions: Would You Really Want To Win?
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the_drunk_dial
·Those lotteries are just a way to tax the poors.
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Syzygy
·Absolutely I'd like to win. First, sign the back of the ticket and put it in the safe deposit box, hire lawyers and accountants and figure out the wisest way to claim it and invest. Next, set up a business and hire family and friends, each get a generous salary and Cadillac health care plans with a simple job description of 'don't be a dick, donate at least 8 hours a month to a charity of any kind...serve meals at the soup kitchen, clean kennels at the animal shelter, shuttle people that don't have access to transportation to appointments, etc.'. Set up a scholarship fund for the kids of my current co-workers. I'd continue working until my role has been transitioned to my replacement (I like my team, no way I could just bail on them). Then, we'd travel, possibly stay for awhile if we like the area...at least long enough to learn the languages. Dive in to the culture and really drink in life around the world. I'm sure I could come up with a bunch of creative ways to spread my luck around in a way that actually helps or makes a difference in the lives of others. So yes, absolutely!
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JwRosenthal
·Absolutely I'd like to win. First, sign the back of the ticket and put it in the safe deposit box, hire lawyers and accountants and figure out the wisest way to claim it and invest. Next, set up a business and hire family and friends, each get a generous salary and Cadillac health care plans with a simple job description of 'don't be a dick, donate at least 8 hours a month to a charity of any kind...serve meals at the soup kitchen, clean kennels at the animal shelter, shuttle people that don't have access to transportation to appointments, etc.'. Set up a scholarship fund for the kids of my current co-workers. I'd continue working until my role has been transitioned to my replacement (I like my team, no way I could just bail on them). Then, we'd travel, possibly stay for awhile if we like the area...at least long enough to learn the languages. Dive in to the culture and really drink in life around the world. I'm sure I could come up with a bunch of creative ways to spread my luck around in a way that actually helps or makes a difference in the lives of others. So yes, absolutely!
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Syzygy
·Put me on the list for the blue Seamaster- and I’ll clean the kennels at the SPCA every weekend for a month.
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johnireland
·I tend to think small when it comes to lotteries. Let's say 25 million. As you say, have a plan to take the money with the least tax consequences. Let's say I was lucky enough to end up with 17 or 18 mil net. I'd take 7 million and divide it among the various family members. I'd keep 10 for my wife and I. Settle in to a modest single story house in one of many very nice neighborhoods for let's say 3 million. The house garage, if it doesn't already have parking for 4 cars, will be modified to accommodate that. 4 bedrooms, 21/2 baths. One bedroom is for the live in pet nanny if/when we travel. After escrow closes and the house is to our taste (the garage can wait a few months), I would take my wife on a 30 day first class trip to however many places we wanted to go. Everything first class, the planes, limos to pick us up, the hotels, buy anything we see that we want and have it sent home, etc. etc. When we got home, we would snuggle with the animals and decompress. The rest of our lives would be rather modest. I'd pick up two cars that I really love...certainly one would be a 246 Dino coupe...the other TBD. We would entertain at home alot, eat out three or so times a month, Support all the charities we now support but with a little more money, and add some more. Become active in our new neighborhood and hope to live another 25 years. I'd hire a young techy to do all the mechanical stuff for publishing my books, at I get another 4 or 5 out of me.
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cvalue13
·First, sign the back of the ticket and put it in the safe deposit box, hire lawyers and accountants and figure out the wisest way to claim it and invest.
not this
Best to sit down, think about it, see the necessary lawyers and financial people, set up the systems and then have those people claim your prize on your behalf.
*this*
Hope I didn’t miss someone else saying it already, but: do not sign your lotto tickets before or after winning, until you discuss with a “Private Client” lawyer
in short, reason being, you’ll likely be signing that ticket not in your individual capacity but instead on behalf of some trust that you purchased the ticket on behalf of (wink wink)
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RevZMan123
·I mean, I think I could do it -- set up an LLC to claim in since I'm in Jersey and you have to be public, then pay off the house and car, send most of it to my financial planner, and keep a bunch to buy every single watch that comes up for sale in the private sales forum, naturally. Seems legit.
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basset928
·I would want to win for every reason in this photo lol
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