Neal lassoes $232M Powerball lottery prize

CaptainHaplo · 06-06-09, 09:45 AM

First, I would take the day off to verify and do the basic groundwork involved in claiming the prize. Note my choice would not be to accept the "over time payout", but the full prize in one chunk. While this reduces the winning substantially, there is a reason for the decision.

Now down to about 180M due to the above decision, arrrangements would be made with various financial institutions, both banks and investment firms for deposit and investment. Also count 1/3 out - (60M) for taxes, which should be paid up front and in full. While there are all kinds of tax loopholes that could be used, just get it done so its never a worry.

That now leaves 120M being invested or secured. 20M I would set out for the future of my lady and myself, 10M in trust for each of my children, and the rest allowed to work and grow.

It should be noted that national organizations for the most part would not benefit, as they tend to not use charitable gifts wisely. Local charities that I am familiar with and know their workings would also benefit greatly. The 2 exceptions - the USO and the American Red Cross. And yes - there would be a present in subsim's future.

So - if anyone has the winning powerball numbers - I won't leave you in the cold!

Edit - yes I would work my 2 week notice. Professionalism shouldn't change just because it can.

06-06-09, 09:45 AM	#1
CaptainHaplo Silent Hunter Join Date: Apr 2007 Posts: 4,404 Downloads: 29 Uploads: 0	First, I would take the day off to verify and do the basic groundwork involved in claiming the prize. Note my choice would not be to accept the "over time payout", but the full prize in one chunk. While this reduces the winning substantially, there is a reason for the decision. Now down to about 180M due to the above decision, arrrangements would be made with various financial institutions, both banks and investment firms for deposit and investment. Also count 1/3 out - (60M) for taxes, which should be paid up front and in full. While there are all kinds of tax loopholes that could be used, just get it done so its never a worry. That now leaves 120M being invested or secured. 20M I would set out for the future of my lady and myself, 10M in trust for each of my children, and the rest allowed to work and grow. It should be noted that national organizations for the most part would not benefit, as they tend to not use charitable gifts wisely. Local charities that I am familiar with and know their workings would also benefit greatly. The 2 exceptions - the USO and the American Red Cross. And yes - there would be a present in subsim's future. So - if anyone has the winning powerball numbers - I won't leave you in the cold! Edit - yes I would work my 2 week notice. Professionalism shouldn't change just because it can. __________________ Good Hunting! Captain Haplo