MegaMillions winning ticket -- share your fantasy

[Anonymous]

Now that's it's over $1 bln, I might consider the annuity (about 20 mln a year after tax) instead of the lump sum.

That said, I would do a golden visa investment in Europe.

I would set up some kind of fund or trust for immediate family.

I would set up an investment account to ensure the money can continue to grow. Would set up a family foundation as well for charitable giving.

I would fully renovate or buy a new home in the same neighborhood.

I would hire a vegan chef and increase housekeeping services.

I would start a documentary film production company. I would hire a ghost writer and write a book.

I would take lessons/be tutored on anything I wanted to learn.

I would hire a personal trainer to come to the house.

I would take a family on round-the-world trip.

I would buy vacation homes. Likely on Lake Michigan and Europe.

I would invest in start ups/companies that are solving development problems.

I would buy lots of art and land.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would walk around with a wad of 100s and just tip the sh!t out of good service on the DL anywhere I went to see people smile. You're nice to me at Harris Teeter, here's 200. You smile at me getting coffee, here's 200. etc. Would be cool as sh!t just to make peoples day nonstop.

Dumb. How about creating a better job for these people? Nobody except blue voters like handouts

These people? We need grocery store workers, waiters, janitors, mechanics. Do we need to pay a living wage? Yes. Tipping large for good service is always a nice way to thank people.

[Anonymous]

A thought and a question:

1) with the (multiple?) pandemic(s?) ongoing, you might think you should take the lump sum in case you die. not so! the remainder of the annuity will be converted into a lump sum and pass to your heirs.
2) everyone always talks about getting a lawyer... what kind of lawyer should you get?

[Anonymous]

Anonymous wrote:I would find a coastal road. And search for the best gap in the guardrail. Then turn about and punch the clutch till I hit redline. Send me and the tin can airborne preferably at sunset.

$1.02B is just too much heat to end up any happier than maximum velocity off of some headland into the blue mist.

May my children never know that the winning ticket was clipped to the sun visor. Momma always said it’s better to burn out than fade away.

You'd be better off just not buying a ticket, and getting some help.

[Anonymous]

Anonymous wrote:I would walk around with a wad of 100s and just tip the sh!t out of good service on the DL anywhere I went to see people smile. You're nice to me at Harris Teeter, here's 200. You smile at me getting coffee, here's 200. etc. Would be cool as sh!t just to make peoples day nonstop.

Me too. Just like Elvis.

[Anonymous]

I would do many things, but setting up an ex-pat base seems prudent given national trends.

[Anonymous]

Can MegaMillions ever go bankrupt? That’s my big concern as an annuity holder for 30 years. I’m assuming that the annuity is invested in assets that are bankrupt remote. Essentially, MegaMillions gives the $600m+ lump sum to an annuity provider and that provider guarantees the required payout based on investments in safe asset classes sufficient to generate a 5% compound annual return.

[Anonymous]

I would not tell a soul. I would not quit my job. Slow and steady planning with an advisor and lawyer and find a way to limit my annual access to the funds in order to avoid rash decisions.

[Anonymous]

I would definitely fulfill my lifelong fantasy of 3 chicks at one time

[Anonymous]

Anonymous wrote:I would not tell a soul. I would not quit my job. Slow and steady planning with an advisor and lawyer and find a way to limit my annual access to the funds in order to avoid rash decisions.

PP again. I would line up a good therapist for the inevitable paranoia that would come.

[Anonymous]

The biggest issue with the 30 year payout is it starts small and gets bigger at the end. I don't need it at the end...
At the moment your first payment after taxes will be right at $10M and the 30th will be $40M

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would not tell a soul. I would not quit my job. Slow and steady planning with an advisor and lawyer and find a way to limit my annual access to the funds in order to avoid rash decisions.

PP again. I would line up a good therapist for the inevitable paranoia that would come.

LOL I like you.

[Anonymous]

Buy a home in Paris and in southern Brazil.

[Anonymous]

Anonymous wrote:I would definitely fulfill my lifelong fantasy of 3 chicks at one time

Assuming you aren't the Illinoian who won, here's your fantasy for free!

[Anonymous]

After a bit of personal spending, I'd found a foundation to fund clinics and doctor training in developing countries, maybe vision services.