stop dodging the Columbia House/BMG people who I got 12 CDs from for 1 penny in 1993 and then never sent any of the monthly CD's back or paid for them.
to have enough money to live a life like I have now, but to be able to help-out life's true underdogs. I'd love to travel around meeting people and looking for good people who really need a helping hand and to anonymously get them the money they need to get on the right path.
Too many charities start out with good intentions and get corrupted by greed. I would like to turn the tables on this and find real people who need help. There was a show called "Undercover Boss" that did some of this and it gave the hope that someday I can do something a little more ambitious.
Because I wouldn't want the attention and threats/hands out/tension with friends and family that all would bring. Seriously.
Well odds are its not something I'm going to have to worry about
1. Buying a fishing paradise/home in Florida
2. Buying a home on a lake in the mountains
3. Traveling to places around the globe with the family
4. Will setup a business that my kids can take over and live off of
5. Will do something for my extended family.
6. Will buy BBI from Eric just to ban a couple of people I have in mind.
Because I wouldn't want the attention and threats/hands out/tension with friends and family that all would bring. Seriously.
Well odds are its not something I'm going to have to worry about
Most states are required to disclose whoever claims the prize. But (from what I understand) you can have a lawyer set up a trust to claim the prize, and then the money from that trust can be transferred out anonymously. Or something like that.
RE: I will buy the Philadelphia Eagles... ...and disband the franchise. Your welcome.
Before disbanding... make them play a few seasons with the Giants OL and Geno Smith as their QB; make Spags the DC and McAdoo the OC. Head coach... of course Wayne Fontes.
Because I wouldn't want the attention and threats/hands out/tension with friends and family that all would bring. Seriously.
Well odds are its not something I'm going to have to worry about
Most states are required to disclose whoever claims the prize. But (from what I understand) you can have a lawyer set up a trust to claim the prize, and then the money from that trust can be transferred out anonymously. Or something like that.
The important part is don’t contact the lottery directly - talk to the lawyer first. The lawyer as a representative of the trust has to be the one to contact the lottery agency.
A woman in New Hampshire won a big lottery about a year ago and made the mistake of contacting the lottery first. The lottery was then refusing to let her put the ticket in trust and stay anonymous. Ultimately she sued and won and so did stay anonymous. But avoid the headaches and do it right from the get go.
in NJ. So not quite enough to buy part of the Giants.
As for me:
Buy a new house.
Buy a vacation house.
Set up college trust accounts for my kids and niece and nephew.
Quit my job.
Is the tax bill really that much ... ? Or, do you just get less if you take a 1 time? I would have to think about it ... 370 million ain't what it used to be.
Because I wouldn't want the attention and threats/hands out/tension with friends and family that all would bring. Seriously.
Well odds are its not something I'm going to have to worry about
My thoughts exactly jnoble - who wants the whole world knowing how much money you just won.
I believe there is a way to do it (1st above all) - do not show up for any press conference. Can't there be a way like they do it with art auctions? Have a representative (your lawyer?) pick up the check in the name of a corporation? But, I would make sure there was a contract in place before anything gets collected.
I was just guessing ... have no idea if what I said could be done that way. But, I do believe you can remain anonymous. Not sure how though.
in NJ. So not quite enough to buy part of the Giants.
As for me:
Buy a new house.
Buy a vacation house.
Set up college trust accounts for my kids and niece and nephew.
Quit my job.
Is the tax bill really that much ... ? Or, do you just get less if you take a 1 time? I would have to think about it ... 370 million ain't what it used to be.
If you spread it out in yearly payments for 25-30 years, you'll wind up with more on paper, but everyone takes the lump sum, because in theory, investing the lesser amount in a sound portfolio will provide better ROI over the 25-30 years than the annuity would.
Think I saw that even with a Billion dollars the first year's payment would be only about 12 million. Then cut that in half after taxes. 6 million isnt going to be enough to where everybody I know is going to come after me for money.
With a 300 million lump sum payout or whatever it is.... hundreds, if not thousands, of distant family members, friends, etc. would come running out of the woodworks and likely make my life miserable. lol.
Think I saw that even with a Billion dollars the first year's payment would be only about 12 million. Then cut that in half after taxes. 6 million isnt going to be enough to where everybody I know is going to come after me for money.
With a 300 million lump sum payout or whatever it is.... hundreds, if not thousands, of distant family members, friends, etc. would come running out of the woodworks and likely make my life miserable. lol.
Your math’s off. Annuity payments for a $1 billion jackpot is over $33 million a year before taxes.
With no winner, the jackpot is now going up to about $1.6 billion. Annuity payments over $53 million a year or a cash payout of over $900 million.
I wonder - how anonymous would having the winnings Â
If you take the annuity and put it in a trust, you've got 50M a year headed your way. Assuming there are no loose lips, and the lawyer you've hired doesn't breathe a word of it to anyone, that money gets put into a bank account where only you would know you're drawing.
You still have to file taxes every year - so the accountant would know too. As would everyone in his office.
Your bank account would swell, so the people in the bank would know.
At some point - that anonymity has to fall apart. So, is there really any real way of claiming the prize and not having everyone and their mother figure out you have $900M inbound?
by paying off their mortgages and setting their kids up for college, I'm giving half of what's left to those in need. Then I will take care of myself. I'm moving someplace warm, possibly out of country if the political divide gets any worse. I think it would be fun to rent out bikes and beach gear to tourists in the islands. Something lo-stress so I can live a Jimmy Buffet kind of lifestyle.
RE: I wonder - how anonymous would having the winnings Â
If you take the annuity and put it in a trust, you've got 50M a year headed your way. Assuming there are no loose lips, and the lawyer you've hired doesn't breathe a word of it to anyone, that money gets put into a bank account where only you would know you're drawing.
You still have to file taxes every year - so the accountant would know too. As would everyone in his office.
Your bank account would swell, so the people in the bank would know.
At some point - that anonymity has to fall apart. So, is there really any real way of claiming the prize and not having everyone and their mother figure out you have $900M inbound?
Provided you don’t do stupid things like deposit large sums in your local bank where you do your personal banking, you should be able to keep it well under wraps. Attorneys, accountants, investment advisors, etc who handle accounts for high wealth individuals know to have extreme discression.
Obviously some people are going to know. But the main point is to keep your name out of the paper so every thief and scamster isn’t beating down your door.
RE: I wonder - how anonymous would having the winnings Â
If you take the annuity and put it in a trust, you've got 50M a year headed your way. Assuming there are no loose lips, and the lawyer you've hired doesn't breathe a word of it to anyone, that money gets put into a bank account where only you would know you're drawing.
You still have to file taxes every year - so the accountant would know too. As would everyone in his office.
Your bank account would swell, so the people in the bank would know.
At some point - that anonymity has to fall apart. So, is there really any real way of claiming the prize and not having everyone and their mother figure out you have $900M inbound?
You're right - complete anonymity in perpetuity is impossible. But there's a more than trivial difference between having your name attached to a huge lotto win and visible on any Google search forever, and having it potentially get leaked out through bank employees, accountants, or lawyers.
The woman in New Hampshire who won the huge jackpot, then sued to retain her anonymity and won - do we know her name? I'm sure several people do. But it's not anywhere online that I can tell.
you could take the lump sum, invest in t-bills, and live off the interest.
wouldn't be as fun living off $12M per year as it would living off $450M, but exponentially higher income per year than 99.99999% of the population with interest alone.
Don't get me wrong I'd go to every sporting event I wanted to, but I don't think I'd care at all about the Giants losing a game on Sunday if my living room was adjacent to an infinity pool.
Probably just go down to Applebee's and splurge on an extra appetizer!
One in FL during the winter/spring.
One in the mountains somewhere for summer.........
Drive a new car every year.
As for me:
Buy a new house.
Buy a vacation house.
Set up college trust accounts for my kids and niece and nephew.
Quit my job.
Too many charities start out with good intentions and get corrupted by greed. I would like to turn the tables on this and find real people who need help. There was a show called "Undercover Boss" that did some of this and it gave the hope that someday I can do something a little more ambitious.
2. Drop out of grad school
3. Buy a bigger house
4. Give a lot to my family
5. Donate a lot to charity
6. Travel the world
You can't escape the internet, silly
Well odds are its not something I'm going to have to worry about
2. Buying a home on a lake in the mountains
3. Traveling to places around the globe with the family
4. Will setup a business that my kids can take over and live off of
5. Will do something for my extended family.
6. Will buy BBI from Eric just to ban a couple of people I have in mind.
Well odds are its not something I'm going to have to worry about
Most states are required to disclose whoever claims the prize. But (from what I understand) you can have a lawyer set up a trust to claim the prize, and then the money from that trust can be transferred out anonymously. Or something like that.
Your welcome.
Before disbanding... make them play a few seasons with the Giants OL and Geno Smith as their QB; make Spags the DC and McAdoo the OC. Head coach... of course Wayne Fontes.
Hookers & Blow - ( New Window )
Quote:
Because I wouldn't want the attention and threats/hands out/tension with friends and family that all would bring. Seriously.
Well odds are its not something I'm going to have to worry about
Most states are required to disclose whoever claims the prize. But (from what I understand) you can have a lawyer set up a trust to claim the prize, and then the money from that trust can be transferred out anonymously. Or something like that.
The important part is don’t contact the lottery directly - talk to the lawyer first. The lawyer as a representative of the trust has to be the one to contact the lottery agency.
A woman in New Hampshire won a big lottery about a year ago and made the mistake of contacting the lottery first. The lottery was then refusing to let her put the ticket in trust and stay anonymous. Ultimately she sued and won and so did stay anonymous. But avoid the headaches and do it right from the get go.
Make sure BBI runs forever.
Get good at golf.
Maybe play hockey again.
Which one? Sold mine a few years ago. Will get another one once I move to FL at some point.
So about $13 mill each:
give $1 mill each kid (3).
But house on the water $1 mill.
Sell current house and but 2nd house on intercoastal in south FLA....$2 mill
Play with the remaining $8 mill(travel, etc)
Quote:
buy that ridiculously nice Boston Whaler I saw last year.
Which one? Sold mine a few years ago. Will get another one once I move to FL at some point.
My dream boat - ( New Window )
Quote:
In comment 14136213 Mark from Jersey said:
Quote:
buy that ridiculously nice Boston Whaler I saw last year.
Which one? Sold mine a few years ago. Will get another one once I move to FL at some point.
42 Foot Outrage My dream boat - ( New Window )
That's a beauty. Put me down for one of those.
At this point it would be better to buy out John Mara.
As for me:
Buy a new house.
Buy a vacation house.
Set up college trust accounts for my kids and niece and nephew.
Quit my job.
Is the tax bill really that much ... ? Or, do you just get less if you take a 1 time? I would have to think about it ... 370 million ain't what it used to be.
Well odds are its not something I'm going to have to worry about
My thoughts exactly jnoble - who wants the whole world knowing how much money you just won.
I believe there is a way to do it (1st above all) - do not show up for any press conference. Can't there be a way like they do it with art auctions? Have a representative (your lawyer?) pick up the check in the name of a corporation? But, I would make sure there was a contract in place before anything gets collected.
I was just guessing ... have no idea if what I said could be done that way. But, I do believe you can remain anonymous. Not sure how though.
Quote:
in NJ. So not quite enough to buy part of the Giants.
As for me:
Buy a new house.
Buy a vacation house.
Set up college trust accounts for my kids and niece and nephew.
Quit my job.
Is the tax bill really that much ... ? Or, do you just get less if you take a 1 time? I would have to think about it ... 370 million ain't what it used to be.
If you spread it out in yearly payments for 25-30 years, you'll wind up with more on paper, but everyone takes the lump sum, because in theory, investing the lesser amount in a sound portfolio will provide better ROI over the 25-30 years than the annuity would.
With a 300 million lump sum payout or whatever it is.... hundreds, if not thousands, of distant family members, friends, etc. would come running out of the woodworks and likely make my life miserable. lol.
With a 300 million lump sum payout or whatever it is.... hundreds, if not thousands, of distant family members, friends, etc. would come running out of the woodworks and likely make my life miserable. lol.
Your math’s off. Annuity payments for a $1 billion jackpot is over $33 million a year before taxes.
With no winner, the jackpot is now going up to about $1.6 billion. Annuity payments over $53 million a year or a cash payout of over $900 million.
If you take the annuity and put it in a trust, you've got 50M a year headed your way. Assuming there are no loose lips, and the lawyer you've hired doesn't breathe a word of it to anyone, that money gets put into a bank account where only you would know you're drawing.
You still have to file taxes every year - so the accountant would know too. As would everyone in his office.
Your bank account would swell, so the people in the bank would know.
At some point - that anonymity has to fall apart. So, is there really any real way of claiming the prize and not having everyone and their mother figure out you have $900M inbound?
If you take the annuity and put it in a trust, you've got 50M a year headed your way. Assuming there are no loose lips, and the lawyer you've hired doesn't breathe a word of it to anyone, that money gets put into a bank account where only you would know you're drawing.
You still have to file taxes every year - so the accountant would know too. As would everyone in his office.
Your bank account would swell, so the people in the bank would know.
At some point - that anonymity has to fall apart. So, is there really any real way of claiming the prize and not having everyone and their mother figure out you have $900M inbound?
Provided you don’t do stupid things like deposit large sums in your local bank where you do your personal banking, you should be able to keep it well under wraps. Attorneys, accountants, investment advisors, etc who handle accounts for high wealth individuals know to have extreme discression.
Obviously some people are going to know. But the main point is to keep your name out of the paper so every thief and scamster isn’t beating down your door.
If you take the annuity and put it in a trust, you've got 50M a year headed your way. Assuming there are no loose lips, and the lawyer you've hired doesn't breathe a word of it to anyone, that money gets put into a bank account where only you would know you're drawing.
You still have to file taxes every year - so the accountant would know too. As would everyone in his office.
Your bank account would swell, so the people in the bank would know.
At some point - that anonymity has to fall apart. So, is there really any real way of claiming the prize and not having everyone and their mother figure out you have $900M inbound?
You're right - complete anonymity in perpetuity is impossible. But there's a more than trivial difference between having your name attached to a huge lotto win and visible on any Google search forever, and having it potentially get leaked out through bank employees, accountants, or lawyers.
The woman in New Hampshire who won the huge jackpot, then sued to retain her anonymity and won - do we know her name? I'm sure several people do. But it's not anywhere online that I can tell.
wouldn't be as fun living off $12M per year as it would living off $450M, but exponentially higher income per year than 99.99999% of the population with interest alone.
They can potentially live off this money in perpetuity. Such freedom!
lol .... I am speechless. You better get that half in writing. : )