so true.
Mass. lottery winner has already claimed her ticket.
- Thread starter Kiohtee
- Start date
so true.
You can't claim it anonymously in Massachusetts.
Hopefully her first purchase is wiring her damn mouth shut...
Yes and no, that is where the trust comes in. You set up a trust and the trust claims the prize, then a representative of the trust can retrieve the money. So yes, you can't claim the prize directly and remain anonymous but you can get the money anonymously.
Exactly what I told my wife. Wins the biggest single jackpot in history. Claims it the next morning. No talking to a CPA, tax attorney etc... Nothing. Fool.
The representative stated that they would ensure she got the resources needed to help her make wise financial decisions. I'm sure some of the advice will be good, but I'd only trust it for general direction. I'd then take sufficient time to put together a solid financial advisory team (with proven experts). I do agree that she moved too quickly to claim the money.
I can go both ways. Yes it might not have been smart to claim it so fast, but what's the difference between getting a good tax lawyer before or after? Only difference is they know you before hand now.
On the aspect of lotto winners statistics, while facts are facts, I see them as slight twisted. Yes a whole lot of them do blow it all. Yes, it triples your chances of death. ....however, I question those who play frequently. I play maybe twice a year. I'm financially smart. I'm not broke. The people I see/hear playing weekly, well, I question their financial standings. So I see it as more often the winners are not the most financially smart, so that's the reason they can't handle winning. Hand me 330 million, 30 goes into instant purchases, 50 into my bank account, and 250 into a stupid safe investment plan. 1% would be 2.5 million a year to live on...and that's after I already blew 30 million on houses and cars, and have 50 million still in the bank. See, easy. I would be just fine.
On the aspect of lotto winners statistics, while facts are facts, I see them as slight twisted. Yes a whole lot of them do blow it all. Yes, it triples your chances of death. ....however, I question those who play frequently. I play maybe twice a year. I'm financially smart. I'm not broke. The people I see/hear playing weekly, well, I question their financial standings. So I see it as more often the winners are not the most financially smart, so that's the reason they can't handle winning. Hand me 330 million, 30 goes into instant purchases, 50 into my bank account, and 250 into a stupid safe investment plan. 1% would be 2.5 million a year to live on...and that's after I already blew 30 million on houses and cars, and have 50 million still in the bank. See, easy. I would be just fine.
It's ridiculous how much interest is made on such a large chunk of change just be putting it in the safest places.
I'd like to think 300 million would get my kids, grandkids, and probably great grandkids squared away pretty comfortably through most of their lives.
Also, my wife get rounded away..not squared.. no lottery winner needs a wife with average fun bags...
I'd like to think 300 million would get my kids, grandkids, and probably great grandkids squared away pretty comfortably through most of their lives.
Also, my wife get rounded away..not squared.. no lottery winner needs a wife with average fun bags...
It seemed like the speaker felt that it was her show and the winner should look out for her!
True story. A buddy of mine's parents hit the Florida Lotto when it first started back in the 90's. He and I were in high school together. They got 7 mil and chose to get it over the 20yr span. IIRC after taxes it was something like 200k a year.
In school he had friends come out of the woodwork. Dudes always asking for money. He was wearing all name brand stuff at the time. Brand new full size truck with all the bells and whistles.
After a couple of years, his parents split. Dad ran away with a girl half his age. Court battles, etc. Dad lost his share of the winnings and lived in a trailer. Mom got the rest of the money and lived in a nice home in Odessa.
Money can't always buy happiness.................but F*CK I'd be willing to get it a try! haha.
-Mark
In school he had friends come out of the woodwork. Dudes always asking for money. He was wearing all name brand stuff at the time. Brand new full size truck with all the bells and whistles.
After a couple of years, his parents split. Dad ran away with a girl half his age. Court battles, etc. Dad lost his share of the winnings and lived in a trailer. Mom got the rest of the money and lived in a nice home in Odessa.
Money can't always buy happiness.................but F*CK I'd be willing to get it a try! haha.
-Mark
I figure, collect the money but then sit on it for the most part. Collect the interest and take some time to find the financial planners that you can trust and then work on diversifying it. It's hard to say what you would actually do with that much money if you got it, but I would love to see it start making money before I really started to spend. You obviously see all the horror stories so you know right off the bat you need to do something different.
I think that I'd change my identity first, then collect the prize.
If I won I'd sound like Kenny Powers up there, just blasting people I don't like, saying who won't get shit.
Think about how much you would be pulling in with even just a low interest rate. It would be the easiest money you would ever make. We're talking millions of dollars and you wouldn't have to do hardly a thing except watch it grow.
Sent from my SM-G935P using the svtperformance.com mobile app
If my math is correct, and I wouldn't be surprised if it's not, $330M in a savings account earning .50% interest would net you $2M+ a year. And a interest rate that low shouldn't be hard to find anywhere if I had to guess. The only problem you run into is having that money covered federally, since the FDIC stops at $250K IIRC.
Problems I will never have to worry about solving brother. Lol
I could be wrong but that is 250k per account not per person. So you could open up a ton of accounts in your name.
EDIT: Nevermind. lol. I was wrong:
The FDIC insures deposits according to the ownership category in which the funds are insured and how the accounts are titled. The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category.
https://www.fdic.gov/deposit/deposits/faq.html
-Mark
Users who are viewing this thread
