- Joined
- Apr 28, 2014
- Messages
- 13,678
if i won the powerball um wuold have a great football complex and utk would have a great business building
If you win a $500M powerball you're gunna want to take the lump some and put it in a bank/dividends/stock, but when you take the lump some you only get like $400M of that. Then after all the taxes you'd have like $200M left.
Then im sure you'll want to buy a new house in a good area and a new car or two if you are married, along with furnature, wardrobe, and whatever other crazy **** you decide to buy... Over estimate how much all that'll cost so you have $180M left.
Then you need to set aside $1M per child to pay for their education (hs, miami undergrad tuition, grad school...). So $176M left.
Now what about your family? You just gained 800 new cousins. Maybe you want to pay for your parents house? Maybe help out your siblings?
If i won lotto, id donate like a million. More important for me would be setting up an annual scholarship so one more student with no money can attend.