If you don't hire a lawyer or investment firm be sure of 3 things 1. Don't tell anyone you won until you cash the ticket. 2. Always take the 30 year payments regardless of your age. 3. Because you become a target, you have to remain alive to collect future payments. Don't let greed get to you and take the lump sum. You give up way too much. Plus, if you decide you like your job you can always stay working, then save the money for retirement or hell, maybe buy the company you work for. Just remember be sensible. Buy yourself something nice and pay cash for it. Remember, if you want a ridiculously huge mansion, will you be able to pay the taxes and the upkeep when the money runs out?
The lottery is a tax on poor, stupid people like you guys. You will not win, EVER. Keep our government in power though. By the time they payout, they’ve made 1000 times what they give back.
Max, here. My quest is to share 50% of the cash-value jackpot with many people, including a pledge to donate 10% to helping children with cancer. Somebody will win soon. Good luck to everybody! 🍀😀
Simple Call my attorney, and set up a blind trust, fed by a foundation; my attorney represents the foundation, protecting my identity - The attorney shows up at lottery offices with a winning ticket, and a check is made out to my foundation, paying much lower taxes through section 4942, leaving me free to give most of it away to various charities 😜 But it's all academic since I don't play the lottery....
You better call two attorneys, cuz you is too unintelligent to do it wif just one. You don't even know what a "blind trust" is. That's the LAST thing you want, unless you're running for high office.
Of course the first thing to do is make a copy of the ticket and then put the original in a safety Deposit box. But my understanding is that a lot of tickets are sold on line....anything extra to do in that case? In any case the other stuff, find a tax attorney, money manager and other stuff is pretty standard
You don’t want a billion dollars. There is a such thing as too much money. It would be around 320 million if your state taxes are around 7%. That’s more than enough for several life times to enjoy and blow
@@michaelr5606 with a billion dollars don’t you realize some very nice men in black suits will probably be showing up at your door? That kind of money moves the world. No way can you spend that all without being completely wasteful and irresponsible.
So basically you get 300 million out of the 1 billion. If that is not highway theft, I don't know what it is. I get taxes etc but that's just robbery :)
@@FATmenDRIVEtrucks Lol who is the government? people talk about the government like they are a different species. u are part of the government, all that tax money doesn't go in anyone specific's pockets but rather used for public infrastructure, government employees(teachers ect) pensioners, disability grants...ect
If you win a 1 billion dollar lottery, why do you only get about half if you take cash? They didn’t advertise half, they advertised 1 billion! They say “well, we don’t have that kind of money laying around”, but they just collected more than that, so they should have it just laying around! I just think that is so dishonest!
why u need so many freaking firms how hard is it to get the money and send it straight to your banking account??? do your really need to establish a trust or llc ???? me personally i would leave the usa and go to japan and new zeland tbo i would still have a house here 3 acctually but i would try and lay low for like 2 years
Hiring some scummy firm to take care of your money no thanx. That would be the day I'd hand that kinda cash over to anyone manage it yourself. If you can't live on 200 million a year there's something wrong.
And if you are a super genius, you’ll find a loophole, get the 1 billion dollars and go to the Bahamas or some secluded area in Mexico where they have no jurisdiction 😂
@@diapersFTMFW11 Can you earn over $200M after taxes in 30 years? Most people don’t. The difference is roughly $6.5M+ more after taxes annually. The annual annuity payments would be approx $19.5M/year. What I wonder is, if you donate/invest most of it, would the tax be less?
Easy to solve the tax issue... Step1. Contact an attorney Step 2. set up a 501c3- tax free organization Step 3. Donate ticket to the 501c3 organization. Step 4. Enjoy writing off 1.6 BILLION in losses on your taxes for decades while using said 501c3 to make your purchases. Step 5. Make sure you take the annuity payment to get every dime.... like a BOSS.
If i win the power ball I'll take the annuity for 30 years i know i won't be broke for 30 years and i don't need a lawyer, cpa and financial advisor because i don't trust none of them
You might get added bonuses with your spend on lots of women, in the form of STD’s 😅. I assume the odds of getting herpes is much higher than that of winning the lottery. 😊
In taking annuity, because what if someone steals my money some how or i over spend or something With annuity imma gets bunch of money each year, each year I get a fresh start With the lump sum you can’t do that
Yes the odds are are against everyone. Because the lottery is rig. That’s why they delay the drawing from Mondays 2 billion. So they can have enough time to rig it.
