Re the $700 million Powerball, a question

[NightWatcher]

I've had moments of finding out good news and even a couple instances of great news. My question is how can your mind and body grasp and process finding out that you've just won $400 million (after taxes)?

I think I'd probably drop dead from a massive heart attack, or at least pass out if I found out I won.

How do you think you'd handle it?

[jberryhill]

1. I'm willing to take that risk and find out

I'll let you know

[fierywoman]

2. Maybe it would be like becoming Santa Claus.

[drray23]

3. just fine. i would retain an attorney who specializes

in handling such things and set it up to have a permanent trust for my family.

[NightWatcher]

4. I don't mean fiscal planning in the aftermath. I mean when the numbers match your numbers

Would you scream, dance, soil your pants, or pass out?

[drray23]

5. Not scream or dance. I am an introvert.

I would be happy , feeling a sense of relief that me and my family no longer have to worry about the future. It would likely take me days before I made any change to my life.
I would still go to work meanwhile.

[Bengus81]

6. The jackpot won't be 400M after taxes. Subtract another 144M+ for Fed/State taxes....

More like 267M but I could take it!!! Bring it on! And I really don't think it will be a single winner.

[drray23]

7. not if you choose the 20 year payment option.

in that case, because of compound interests , you end up with most of the amount even after paying taxes.

[A HERETIC I AM]

23. Not true

That is not how the annuity works

No one is going to see $700 million or even close.

Every annual check is going to put you in the 39.6% bracket and that's assuming the rate doesn't increase over the next 30 years (it pays out over 29 years, not twenty). Of course it could go down, but how much and for how long

[In_The_Wind]

8. I intend to share my new found wealth. I don't think I'd pass out from shock.

Last edited Tue Aug 22, 2017, 01:39 PM - Edit history (1)

Oh, and I would enjoy smoking myself silly.

[Shrike47]

9. Numb. It would take several days to accept the reality.

[lapfog_1]

10. I already know exactly how to spend it all

or rather, invest it all, depending on how you look at it.

And very little in the way of bling bling for me

[Tikki]

11. We would call our son's friend Pete...no matter the time and get his advice.

That would calm us a bit...



The Tikkis

[WinstonSmith00]

12. Its about time

Been waiting long enough.

[Kablooie]

13. I'd celebrate at mcdonalds and supersize everything.

[Tiggeroshii]

14. Come to terms with the amount of good I could do with it and sart to pick

My battles.

[Historic NY]

15. I take care of an immediate historic restoration project

on my plate, remove all the headaches, etc. I'd then go on a long trip to no where in particular.

[Luciferous]

16. I have no idea. I think I would be in shock because I've never really won anything before.

[DFW]

17. I'd make my siblings, my nephews and the American Cancer Society very happy

Then I'd probably make some Democratic PACs as happy as the Kochs, Mercer and Adesldon have made theirs, and finally save a little left for a recording studio and turn to making music and writing full time.

Ah, who am I kidding? I like my job, and probably wouldn't retire even if I suddenly got uber-rich. Dying of boredom has to be right up there with dying of torture at the hands of the Spanish Inquisition as far as undesirable ways of departing this world go.

[lunamagica]

18. I'd be in shock. I think I'd take me days to believe it really happened

[Doreen]

19. I would probably first have a hard time breathing then I

would call my brother who is a tax lawyer.

[Fla Dem]

20. Stunned, just stunned. Would have to check it multiple times.

Then once the reality set in, not sure. I have all I need in life. I'm comfortable with what I have. Would share with my immediate and extended family. Even if I gave them each $100,000 each. that would only be $1.5 Mil, So maybe I would give them more. Definitely make a huge donation to the food pantry where I volunteer, make substantial donations to other good causes. Probably spend about $10mil on causes of one type or another. Buy a condo back in Ma so I can spend time with my family. Can't really think of much beyond that.

[Iggo]

21. Breathe...in through the nose...out through the mouth.

Slowly.

Steady.

That's it.

Good.

[lastlib]

22. I would probably invoke the venerable Chinese deities,,,,,,

...the Ho-Lee brothers.

"Ho-Lee SHIT!!"

"Ho-Lee F**K!!"

Then faint dead.

[Dulcinea]

24. I'd do the practical things first.

Pay off the house, get it fixed up the way we want it, college funds for the kids, a VERY comfortable retirement...and then I'd buy a beach house & set up a trust fund. And then I'd travel, far and wide.