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Friday, December 27, 2024

What will you do if you win the 1.15 Billion in tonight's MEGA MILLIONS?

 The Odds are 1 in 302, 575, 350


But you still are going to enter tonight, aren't you?

What do you think Dirty Harry is telling you above?


Considering my precarious financial situation, I should sit this one out.

But just last August, someone in Lake Charles won $2 million in the lottery.


Did you know that there is a deadline for choosing between annuity or lump sum?

I'm closer to that dreaded Finish Line than most, so it is lump sum for me.


Yeah, I know.


If you win, remember the IRS takes out its cut TWICE!

Immediately and then the following April 15th.

And there are state income taxes!

Hey, who bought the ticket anyway: us or Uncle Sam?


Or, like now, if you win late in the year, you may defer claiming the prize until the following year.


And earn hundreds of thousands of dollars by investing the taxes due the following year in high yield bonds.


No matter what you do, stormy seas lie ahead for you as a winner.

Family and friends will turn sour on you.

Your identity will be discovered no matter how careful you are.

Attorneys and tax advisors will prove false.


Stay true to your moral compass,
and even if all around you prove false, you will find safe harbor.



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