Friday, April 1, 2011
Lottery Winners Have a Lot of Decisions Ahead
There are all sorts of "what if" stories about the seven state workers who won the huge Lottery prize on Friday...Over $12M each after taxes... The precise moment the quick pick was purchased likely determined the numbers and the fact the man purchasing the ticket delayed his purchase to pick up a Snickers bar makes for an interesting aside. Fact is they were just darn lucky. They are a diverse group and it would be interesting to see in a year where they are all are. A couple could take their state retirement now, while others need to decide if they want to go it alone with being a millionaire for an occupation or use the money to suppliment their life....There is the young lady whose boyfriend was smiling in photos...I would too, but how secure is his status ? All seven will be besieged by relatives and friends and will feel a desire to help others, but even that amount can go quickly if you are not careful. Mike Barth
Subscribe to:
Post Comments (Atom)
2 comments:
Yup, $12 million sounds like a lot of money. But with the cost of living today (and the likely continuing raising of the cost of living in the future)$12 million isn't all that much money. Especially if you are 40 something and thinking of retiring. One catastrophic health issue in the family and that $12 million could be wiped out in a hurry. If these people are smart, they'll make a few investments, take care of their families, and squirrel away the rest of it in a safe place--------just in case.
Is it? the winner will have to give taxes in winning amount?
Post a Comment