POWERBALL

[DVINNY]

Did you get your tickets yet?

and if you hit for the $450 Million, will you quit work that instance?

myself, I wouldn't even bother wasting the time to call my employer.

 

[snickerd3]

i was going to stop and buy one on the way home.    

No I wouldn't quit...health insurance for the whole fam is through my work, but I would plan the biggest most expensive bad *** vacation that very same day.  

 

[Road Guy]

With that kind of money you could afford private insurance

 

[Road Guy]

I've always thought it would be fun if you won that kind of money to actually go back to work but then just be a total ******** especially clients and see how long it takes to Get canned

 

[snickerd3]

lump sum or installments????   installments ultimately gets you more of the $$ but for me being at the mercy of the State of IL to send you that money over the years is a risky venture.

 

[matt267 PE]

lump sum or installments????

Lump sum. I don't trust the government.

 

[Ramnares P.E.]

Definitely lump sum.  I would continue to work...might give considerably less of a **** about work though.

 

[Road Guy]

LS and I would defin quit work

 

[DVINNY]

Lump sum. I don't trust the government.

^^^^. This.

You people that think you'll still work are not thinking clearly.

With $450 million prize, lump sum cash option is $225 Million.  After taxes, you'll bring home about $120 million.

If you invest $120 Million and achieve a modest 5% return, that gives you $6 million per year in interest alone.  That is $500,000 per month without touching your money.

No way in hell would anyone work after having that come in.  Even if I tried, the first time I had a food craving for something, I'd throw my hands up and say F&*# this, I'm outta here, and go get a snack.

 

[MetsFan]

LS and I would def quit.  Where's the EB Powerball pool?

 

[snickerd3]

do your states allow for anonymous winners to keep the prying eyes and such away?  winning something that big I would rather not have my name splashed all over the papers/news.  But in IL even if you decided not attend all the press functions they do not allow for anonymity and will puclish your name...so I have read somewhere 

 

[DVINNY]

WV does not allow you to stay anonymous either, however I have a friend who is an attorney (I know) and he said that you can create an LLC or other entity to claim the prize under.

Anyone with a computer could search the secretary of states office to see who the officers of that company are, but it at least adds a layer of coverage.

 

[MA_PE]

I believe that part of the lottery agreement is that you agree to let them use your name and image for publicity purposes.  It goes with the territory.

Realistically, as far as work is concerned, I'd probably help with transitioning out rather than just be a **** and leave co-workers in a lurch, but I wouldn't just stay on.

I think I'd find something to "work" at but it would be at my discretion and on my terms.  With a net of 100 miliion I wouldn't be that concerned about stayin at work for the health care benefits.

 

[snickerd3]

can't forget first and foremost a healthy donation to keep eb.com running for awhile.  

 

[Dark Knight]

^^^^That....and an Alaskan cruise ship vacation with some of my EB friends here, all expenses on me.

I do have good intentions. That is why I will never win it.

 

[snickerd3]

hell even winning a MIL or one of the lesser prizes would be amazing.

 

[P-E]

I think I'd buy a lot of beer. 

 

[Dexman PE PMP]

I'd be willing to pay the estate tax so I could take the money with me to NZ.

 

[P-E]

The jackpot is now expected to be the largest in US history with no winner last night which is still more money than I could ever spend. 

 

[MetsFan]

I get another chance then.  I forgot to buy tickets last night.