Ty21 Posted August 23, 2017 Share Posted August 23, 2017 Nothing would really change for me. I'd play dumb and act like I didn't win even when the news vans show up at my house then every day my wife goes to work I'd order Pizza Hut Link to comment Share on other sites More sharing options...
fretgod99 Posted August 23, 2017 Share Posted August 23, 2017 1 hour ago, cddolphin said: Let me have my internet hyperbole. Link to comment Share on other sites More sharing options...
Jetfan66 Posted August 23, 2017 Share Posted August 23, 2017 I would quit my current job. I would apply to work as a cashier at a grocery store, Dicks, Home Depot, etc. to keep me busy. As a cashier, I would not take any nonsense from customers. Once one starts to anger me, I would lose my temper on them because I can afford to be fired from this job. Then I'll try and get a job as a cashier at another store. I'll probably keep up this cycle for about 5 years until it loses its luster. Then maybe try my hand at owning a bar. I wouldn't live a lavish lifestye (possession wise) to start. I am 26, I don't need to go off buying summer homes and such yet. I would keep my current car until my lease runs up. I actually really enjoy the car (very fast). I would purchase a nicer house in the town I currently live (so net-net, not a huge offset). I would buy a smallish sailboat. Then I will put a large amount of money in a portfolio and hire some Financial Analysts and Traders I used to work with to manage it for me. Eventually as I grow older and take on more responsibilities (i.e. family), I will purchase the extras (summer house, motor boat, awesome car, upgraded house). Link to comment Share on other sites More sharing options...
Csonka Trucks Posted August 23, 2017 Share Posted August 23, 2017 1 hour ago, EliteTexan80 said: I don't disagree with this in the least - but once upon a time, the most trusted man in wealth management was Bernard Madoff. Founder of NASDAQ, chair of several oversight boards domestically and internationally and viewed as a generally trustworthy guy - until he was arrested for the largest Ponzi scheme ever created. At the very least, have someone watching the watchmen. Create checks and balances, have people on staff strictly for the purpose of oversight, and never fully trust anyone outside of direct family (unless your direct family is crazy). I want to be so rich that I need people to watch over people to watch over people Link to comment Share on other sites More sharing options...
Bowler1215 Posted August 23, 2017 Share Posted August 23, 2017 I bought a couple tickets, hopefully I win. Link to comment Share on other sites More sharing options...
ET80 Posted August 24, 2017 Author Share Posted August 24, 2017 Back to work, I guess. Link to comment Share on other sites More sharing options...
Csonka Trucks Posted August 24, 2017 Share Posted August 24, 2017 Time to make a new friend. Winner was like 20 mins from me Link to comment Share on other sites More sharing options...
bucsfan333 Posted August 24, 2017 Share Posted August 24, 2017 I WON!!!!! ...is what I would say if I actually did. Link to comment Share on other sites More sharing options...
bucsfan333 Posted August 24, 2017 Share Posted August 24, 2017 7 minutes ago, patdt13 said: Time to make a new friend. Winner was like 20 mins from me Probably bought it at the same gas station. You were so close to that ticket. Link to comment Share on other sites More sharing options...
cddolphin Posted August 24, 2017 Share Posted August 24, 2017 27 minutes ago, patdt13 said: Time to make a new friend. Winner was like 20 mins from me KYS IYAM Link to comment Share on other sites More sharing options...
bigjohnson2009 Posted August 24, 2017 Share Posted August 24, 2017 22 hours ago, EliteTexan80 said: Explain. ... assuming that financial advisor is trustworthy. Given what I've learned over my 20+ years in the industry, I'll tell you to be careful. There are plenty of financial advisers, trustworthy and not trustworthy. I would split my money up between 8 different advisers and tell them I'm going down to 4, 5 years from now. I'd keep the 4 that earn me the most return on identical balances of money. As a CPA, I know some of the best in my area. I would start with those guys and the ones I have relationships with. As for the lump sum vs the annuity, I believe at least one person in this thread didn't realize the annuity is for something like 750M and the lump ssum was around 450M. From what I understand it is still a better time value of money play to take the lump sum, but its not like they are giving you 450M or 450M divided into 30 equal payments. I've never ran the numbers myself for what the rate of return is on the annuity vs cash value. Link to comment Share on other sites More sharing options...
cddolphin Posted August 24, 2017 Share Posted August 24, 2017 23 minutes ago, bigjohnson2009 said: I believe at least one person in this thread didn't realize the annuity is for something like 750M and the lump ssum was around 450M. From what I understand it is still a better time value of money play to take the lump sum, but its not like they are giving you 450M or 450M divided into 30 equal payments. I've never ran the numbers myself for what the rate of return is on the annuity vs cash value. Really? That makes it more of a debate. Interesting. Link to comment Share on other sites More sharing options...
ET80 Posted August 24, 2017 Author Share Posted August 24, 2017 5 minutes ago, cddolphin said: Really? That makes it more of a debate. Interesting. Oh - I thought you knew that. Yeah, the annuity is the usual "advertised" value, the $700mm that the news was going nuts over. Cash value was/is lower in listed value. Sorry, should have explained that. Link to comment Share on other sites More sharing options...
cddolphin Posted August 24, 2017 Share Posted August 24, 2017 4 minutes ago, EliteTexan80 said: Oh - I thought you knew that. Yeah, the annuity is the usual "advertised" value, the $700mm that the news was going nuts over. Cash value was/is lower in listed value. Sorry, should have explained that. No, I had no idea. Link to comment Share on other sites More sharing options...
ET80 Posted August 24, 2017 Author Share Posted August 24, 2017 3 minutes ago, cddolphin said: No, I had no idea. Yup. Comes out to about $23mm a year for 30 years. Link to comment Share on other sites More sharing options...
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