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re: Powerball Jackpot of $600 Million: How Would You (Have) Spend(t) It?
Posted on 5/17/13 at 12:22 pm to Bama Bird
Posted on 5/17/13 at 12:22 pm to Bama Bird
quote:
My career goals wouldn't change
I'm self employeed. Mine would.
I would probably get involved in real estate and vacation home rentals, purchasing some prime condo's on the gulf and a few cabins in the Smokey Mtn's as well.
1
Posted on 5/17/13 at 12:25 pm to undecided
I would opt for payments, but breaking down the $600 million so take these numbers and divide by whatever the payment years are -
35% to Uncle Sam - $210 million
10% to various Churches - $60 million
10% to various charities - $60 million
$100 million to investment
$50 million X 2 trust fund for kids
$25 million to each set of immediate family
$20 million to the checking account to live on
---------------------------------------
$600 million dollars
35% to Uncle Sam - $210 million
10% to various Churches - $60 million
10% to various charities - $60 million
$100 million to investment
$50 million X 2 trust fund for kids
$25 million to each set of immediate family
$20 million to the checking account to live on
---------------------------------------
$600 million dollars
Posted on 5/17/13 at 12:29 pm to undecided
Be dead within 5 years and leave rest to my dog to piss off fanily
Posted on 5/17/13 at 12:41 pm to Alahunter
Damn, you've thought this through.
Posted on 5/17/13 at 12:44 pm to AUCE05
say 400 million after taxes....
set up a dynasty trust where principal can not be touched and only income can be spent.
part of the income to family
part of the income to charity
part of the income to clean up politics and give merica back to the people
set up a dynasty trust where principal can not be touched and only income can be spent.
part of the income to family
part of the income to charity
part of the income to clean up politics and give merica back to the people
Posted on 5/17/13 at 12:45 pm to DarthRebel
quote:
35% to Uncle Sam - $210 million
10% to various Churches - $60 million
10% to various charities - $60 million
$100 million to investment
$50 million X 2 trust fund for kids
$25 million to each set of immediate family
$20 million to the checking account to live on
---------------------------------------
$600 million dollars
Ditto
Posted on 5/17/13 at 12:52 pm to DarthRebel
quote:
I would opt for payments, but breaking down the $600 million so take these numbers and divide by whatever the payment years are
The downside to your plan is human nature and greed. It is amazing how quickly folks with "sudden" money piss through it. When it comes to big money some of the biggest thieves wear suits and are bankers or lawyers.
Posted on 5/17/13 at 12:53 pm to AUCE05
Id probably be around the same. I would change churches for atheist organizations though.
Posted on 5/17/13 at 1:02 pm to BluegrassBelle
quote:why? Id just say bye.
put in my two weeks notice.
Posted on 5/17/13 at 1:06 pm to NYCAuburn
quote:
thats like 3000 cam newtons
Posted on 5/17/13 at 1:18 pm to undecided
two chicks at the same time
Posted on 5/17/13 at 1:21 pm to nc14
Well first I would hire a lawyer and an accountant who specializes in tax and estate planning.
Posted on 5/17/13 at 1:22 pm to parkjas2001
quote:
two chicks at the same time
You don't need a millions dollars for that
Posted on 5/17/13 at 1:24 pm to Cheese Grits
quote:
The downside to your plan is human nature and greed. It is amazing how quickly folks with "sudden" money piss through it. When it comes to big money some of the biggest thieves wear suits and are bankers or lawyers.
I agree with this and it is why would try to whittle down what I can access. I would not even get fancy with the investment part. With that much money, there is no need to try anything risky. I would actually just toss it conservative mutual funds/savings/bonds and hope for a annual return of 1%. I would further break down the investment part, where I would pull out profit over 1% (we are talking $1 million per percent) and repeat the charitable/church giving and began to add extended family members.
Have no idea if this is correct way, but I see no reason to bring lawyers and financial advisers into it.
This post was edited on 5/17/13 at 1:26 pm
Posted on 5/17/13 at 1:24 pm to PepaSpray
quote:
why? Id just say bye.
I respect my coworkers enough to not leave them in that kind of bind.
Posted on 5/17/13 at 1:24 pm to Alahunter
I'd buy all the
and board them up.
quote:
skyboxes at Bryant-Denny
and board them up.
Posted on 5/17/13 at 1:26 pm to AUCE05
quote:
two chicks at the same time
You don't need a millions dollars for that
Well the kind of chicks that'd double up on a dude like me I do.
Posted on 5/17/13 at 1:29 pm to parkjas2001
Posted on 5/17/13 at 1:30 pm to PepaSpray
Posted on 5/17/13 at 1:32 pm to parkjas2001
(no message)
This post was edited on 5/17/13 at 2:06 pm
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