Let's talk about that powerball.....

Maggie0829

STARMOON44 said:

I'd buy a home in England of comparable size and stature to the home in Downton Abbey, a mews house in London, and a townhouse where I live now. I'd also buy my late grandfather's house back from the new owners. And I'd spend a few years traveling. Eventually I'd want to settle into steady part time charitable work but not just yet.

You could probably just buy the house used in Downton Abbey.

STARMOON44

Maggie0829 said:

STARMOON44 said:

I'd buy a home in England of comparable size and stature to the home in Downton Abbey, a mews house in London, and a townhouse where I live now. I'd also buy my late grandfather's house back from the new owners. And I'd spend a few years traveling. Eventually I'd want to settle into steady part time charitable work but not just yet.

You could probably just buy the house used in Downton Abbey.



Highclere's owners go back centuries. Having weathered all of the struggles to hold onto the property I doubt it's on the market at any price now.

kimmiinthemitten

Now that I'm going to be a billionaire I would like to edit my list to include an island.

kmmssg

We have always said that we would keep our mouths shut for 60 days and get the lawyer/accountant, etc lined up and to get our minds back down to Earth.  Unfortunately MI won't let you claim anonymously and that makes me sad.  We really are happy with our life in our small town but win that kind of money and everyone and their mailman will be after you.  We would have to  move somewhere where no one would know us so we could feel safe and have our kids and grandkids around (and be safe).  The kidnapping thing may be some crazy thinking but it would worry me.

I told my boss last week that if I come to work smiling ear to ear for 2 months that should be a pretty good indication I won.  He told me if he won I should let people know what is where in his office because he will retire on the spot (well as much as an active duty Soldier can).

So...
1.  Tithe 10% pretax
2.  Decide where to live and build our dream place (i.e. Nanaland for me, humongo garage for him with a hoist, and a mancave conducive to lots of Carver audio equipment.  And nana needs a pool for the babies).  We could do all of that here in MI for 400,000 ish.
3.  Pay off all our kids student loans and possibly homes.
4.  Family trip to Disney World in style.  
5.  Money set aside for medical issues.  my youngest bioDD and I will need kidney transplants in the next 5-10 years and it is a hereditary disease.  Others may needs help financially too in the coming years so that would be a fund all on its' own.
6. Pay off my sister's house and make sure she got to see the blue water she has always wanted to see.
7.  College funds for the grandkids with stipulations.  Also for any nieces and nephews that might need it, but most of them end up on full scholarships because DH's family is genius type people.  I have a niece at MIT on a full ride as I write this.
8.  Do some travelling.
9.  We would take the overwhelming bulk and set up some kind of philanthropic trust to help others.  There are people on the planet who can't even get a glass of clean drinking water and there are homeless hungry people.  The idea of the trust is that it would live in perpetuity due to good investments and be able to assist others for a very very long time.

No way am I making each of our kids rich.  They always need to know how to take care of themselves and to work.  I figure paying off student loans and a house for them is enough.  DS would be a freaking disaster with that kind of money right now.  

To be honest, DS would probably be upset at how much our lives would change.  He has said that before in regards to the lottery - he has Asperger's and likes things the way they are.

True story:  probably 25ish years ago the parents of a girl in my unit won a 4ish million dollar lottery prize.  These are some hard working people who had a tough time making it paycheck to paycheck.  They both quit their factory jobs and built a nicer home on their property in the woods.  They paid off each kid's biggest bill (think a couple grand on a used car) and tried to live as rich people who didn't work.  Drove them bat shit crazy so they went back to work that factory where they had always worked.  I don't know what happened in the years after that, but that is as close as I have come to knowing anyone who won the lottery.  

kmmssg

Oh - forgot - I would want a family condo kind of thing maybe in the Carolina's or somewhere in the South for all of us to use.

holyguacamole79

kimmiinthemitten said:

Now that I'm going to be a billionaire I would like to edit my list to include an island.

H's extended family made a deal. Everyone pitched in $5 and someone bought tickets. If we won, we'd all split the $$. We did discuss buying an island too!

glasgowtolondon

We just had a rollover lottery last night in the UK I think it was about £64mil, so a pretty decent chunk of change. We played and made a plan, ya know - just in case! We decided we'd wait till the money was actually in our account before we did anything, then we'd both quit our jobs on the spot with no notice given (it would be a very sweet moment!), then we'd book flights to somewhere amazing, maybe New Zealand, and just have an amazing holiday making plans!

I know lots of people say that money doesn't make you happy, but I'd love to find out for myself if that's true or not!

WinstonsGirl

Our lottery plan, aside from lawyers/investing/etc. is to divide it into 3.  A third for me, a third for DH and a third for investing that we don't touch.  We live off that income.    And I can do whatever I want with my third, and DH the same.  That's for paying off parent's/siblings houses, Uni funds for the nieces/nephews, vacation probably.  Pretty sure we'd both quit our jobs.  I might supply teach part time and go somewhere warm for the winter.  We already are talking about buying a condo in Hawaii in the next 5-10 years, so I'm sure that would be on the list too.  Haven't given it more thought than that.  

Jells2dot0

glasgowtolondon said:

We just had a rollover lottery last night in the UK I think it was about £64mil, so a pretty decent chunk of change. We played and made a plan, ya know - just in case! We decided we'd wait till the money was actually in our account before we did anything, then we'd both quit our jobs on the spot with no notice given (it would be a very sweet moment!), then we'd book flights to somewhere amazing, maybe New Zealand, and just have an amazing holiday making plans! I know lots of people say that money doesn't make you happy, but I'd love to find out for myself if that's true or not!

Excellent idea- head out of town, out of reach, and plan. No one to pester you! We'd probably jet off to the Maldives We're heading to New Zealand in March, so maybe if we won, we'd extend our stay there!

I know I'd do just about a anything to have my health back. No amount of money can rid me of cancer, but it would certainly make things easier.

glasgowtolondon

@Jells2dot0 oh New Zealand, I'm jealous! Its definitely on my list but FI has already been (he spent 6 months travelling around Australia and NZ in his early 20's) so that spoils my chances of going!

I'm so sorry to hear about your health, I am sending you positive thoughts and crossing my fingers for a lottery win to send you straight to the Maldives

themosthappy91

So I have a question- does the fact that they are now planning another drawing for Wednesday mean that no one had the winning numbers last night, or just that no one has come forward to claim the prize? I'm confused about how it works because I've seen several people on this thread say they would wait X amount of days to get things in order and then claim the prize... so how do lottery officials know there isn't someone out there who won who just hasn't come forward yet? Sorry if this is a dumb question, I'm not a regular lottery player!

PamBeesly524

themosthappy91 said:

So I have a question- does the fact that they are now planning another drawing for Wednesday mean that no one had the winning numbers last night, or just that no one has come forward to claim the prize? I'm confused about how it works because I've seen several people on this thread say they would wait X amount of days to get things in order and then claim the prize... so how do lottery officials know there isn't someone out there who won who just hasn't come forward yet? Sorry if this is a dumb question, I'm not a regular lottery player!

I'm not positive but I think they may have a way of knowing if and where a winning ticket was sold... I saw an article this morning, for example, that a $50,000 ticket was sold in a specific gas station in a town in my home state.

ETA: but no one had claimed it - they were telling people who bought there to check their tix.

lyndausvi

themosthappy91 said:

So I have a question- does the fact that they are now planning another drawing for Wednesday mean that no one had the winning numbers last night, or just that no one has come forward to claim the prize? I'm confused about how it works because I've seen several people on this thread say they would wait X amount of days to get things in order and then claim the prize... so how do lottery officials know there isn't someone out there who won who just hasn't come forward yet? Sorry if this is a dumb question, I'm not a regular lottery player!

1) There is ALWAYS a drawing on Wednesday and Saturdays.   ETA - if there is no winner, then the pot grows to the next drawing.

2) They know if a ticket was sold with the jackpot winning or any other winnings for that matter..   Not only that, they know the state, city and store it was sold.  They don't know the individual, only that there is a ticket out there with the winning numbers.

Maggie0829

STARMOON44 said:

STARMOON44 said:

I'd buy a home in England of comparable size and stature to the home in Downton Abbey, a mews house in London, and a townhouse where I live now. I'd also buy my late grandfather's house back from the new owners. And I'd spend a few years traveling. Eventually I'd want to settle into steady part time charitable work but not just yet.

You could probably just buy the house used in Downton Abbey.

Highclere's owners go back centuries. Having weathered all of the struggles to hold onto the property I doubt it's on the market at any price now.

Yes, I realize all of this.  It was a joke.  Financially you could buy it, but I know the history so realistically, no you couldn't.

ShesSoCold

So, I'm not good at math, but people on my FB keep sharing this picture that says "1.3 billion jackpot / 300 million people = 4.33 million per person. Poverty solved". My math is showing that to be four dollars and 33 cents per person.

lyndausvi

ShesSoCold said:

So, I'm not good at math, but people on my FB keep sharing this picture that says "1.3 billion jackpot / 300 million people = 4.33 million per person. Poverty solved". My math is showing that to be four dollars and 33 cents per person.

LOL 

CharmedPam

If any of my fellow knottie's DO win on Wednesday, here is a site on what you would see if you chose the annuity option, after your state taxes are out (although I don't believe our crooked state of IL only takes out 3.25):

https://www.usamega.com/powerball-jackpot.asp

lyndausvi

CharmedPam said:

If any of my fellow knottie's DO win on Wednesday, here is a site on what you would see if you chose the annuity option, after your state taxes are out (although I don't believe our crooked state of IL only takes out 3.25):

https://www.usamega.com/powerball-jackpot.asp

The fed rate over $250K is 39.6%.       They only take 25% off the top.   

Of course, through deductions the rate can be lowered, but I bet some people are surprised come April 15, 2017 they still own some $127 MILLION.

thisismynickname2

We got our tickets for Wednesday ;-)

In a way, I wouldn't want to win. You always hear that everyone comes out of the woodwork to ask for hand-outs and you find out who your real friends are. Well, I still think we'd retain some real friends, but then, how hard would it be to maintain the friendships? Part of friendship is shared experiences. My friends who are worrying about preschool costs and saving pennies for a Disney vacation probably wouldn't want to hear about my latest jaunt to the Caribbean. I'm not a shoulder to cry on when the house hunt gets stressful or when daycare costs go up. KWIM? Many problems go away or at least get easier when you have money; you might no longer identify with the people you used to identify with. And I'm talking lifelong friendships here. Wouldn't want to lose those. Wouldn't want the money to "change me."