OT: WWII Vet Lottery Winner - $254M

[Thomas Rogers]

See the story at the link below.



The guy is 84, so instead of the 30 year payout, he better take the 120M lump sum (before taxes).



The story said he and his wife will share the money with their 3 sons and their families. That's 4 families total.



By my calculations, if they are not greedy, they should get about $60M after taxes from the lump sum, and even at a low 5% yearly earnings rate on their investments, the four families could EACH have $750,000 a year to spend. And that's living only off the interest.



Would you be happy with $750,000 a year FOREVER, or would you get greedy?



TJR

 

[Snooze]

WOW. I would be just fine with $750,000 a year.

 

[Fred]

$750K / year would do me just fine. I might pee on my desk before I left work though.

 

[Rodger Tellefson]

I say, good for them.

 

[Tom Schindler]

I would be happy with a full tank of gas.



Anyone want to stop by and fill it up for me?



$750,000.00 would be a comfortable life for me. I coult not imagine being greedy about it, but I am also not in that situation.





Tom

 

[Johnny O]

I haven't checked my numbers, but I guess that means I didn't win.

I did once hit 6 numbers on the old PA Super 7 and won $2000, so for me that's probably it for life. One more number and I'd be retired though.

 

[TrainTrac]

Last week on the "E!" channel, they had a two-hour episode of their show "True Hollywood Story" titled "Curse of the Lottery Winners". It was sad how some of the featured folks' lives went downhill. I hope this doesn't happen to these folks.

 

[Woppy V]

Wish he was my grandfather!

 

[Dreman]

The article I read said they already hired an ex-IRS lawyer to help them with it, so maybe they won't go nuts like so many do.

 

[LaRue Medlin]

Just give me enought to pay off my house and bills, 100K for the church and 100K spending money. They can keep the rest.............

 

[Tommy VanNess]

Hey Train Trac, I saw that too. Crazy. $750,000 would be awesome, and make me very happy.

 

[A K]

They can keep the rest.............

Well, maybe just a little more for one of these...

 

[TracN Jack]

or the 07 Adrenaline concept when it comes up for auction on Barret-Jackson

 

[Chris Kulbaba]

Apparently he waited to collect the money to consult with a financial planner.



Im sure the right decisions will be made, congrats to him, im very jealous!

 

[WXMotorSports DecalsPartsAccs]

Pay off the house the cars. Take the rest of the money and invest it where I live off the interest. I saw a show where they interviewed some of the winners of the lottery. One guy, each day he earns 18K in interest per day.



Congrats to the guy.

 

[Thomas Rogers]

BUMP....



Here is what this guy did with his $220 million lottery winnings...

 

[Bill V]

TJR, that can't be the same guy. The guy in that article is only 34 years old--way too young to be the World War II vet in your original post...

 

[Thomas Rogers]

Sorry Bill V, I didn't mean to say it was the same guy. I should have said.."another guy", instead of "this guy"...when I said "this guy" I wasn't referring to the OLD GUY.



The reason for posting the new story was because of all the people on here saying what "they" would do with all that money. So I figured I would chime and say "Look at what this guy spent it on..."



TJR