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re: If you win tomorrow's powerball jackpot, you'd need 433 CD's
Posted on 5/23/17 at 11:12 pm to Christopher Columbo
Posted on 5/23/17 at 11:12 pm to Christopher Columbo
0
Posted on 5/23/17 at 11:27 pm to PrivatePublic
quote:
Or just put it all in Bitcoin and surpass gates.
Posted on 5/23/17 at 11:29 pm to poops_at_parties
Brings up a curious question. You have to assume that someone who wins has no knowledge of how to set up their winning for maximum profit. I wonder if the lottery has a legal team that can kinda point a person in the right direction.
Posted on 5/23/17 at 11:33 pm to poops_at_parties
quote:
In order to have it all insured by the FDIC, you'd need 433 CD's of $250,000 each with separate banks.
You'd earn $139,824 a MONTH on those CDs assuming a 1.55% rate found on bankrate.com.
This all assumes Louisiana taxes are taken off the top of a single jackpot winning ticket.
That's a lot of OTing one could do.
Or, just take lump sum payout, dump it in a Cayman bank (no financial or extradition treaties with the USA). Never earn another dime and never even have file taxes again since zero earnings. Live off the principal. How many millions is enough to live a comfortable life after all? (having the money offshore just insures the IRS/state cannot get it through hook, crook, or intimidation).
For me, never having to send another penny into the redistribution/welfare system beats interest earnings and all the paperwork.
Posted on 5/24/17 at 12:01 am to poops_at_parties
You like tapes and cd's?
Posted on 5/24/17 at 1:11 am to Ba Ba Boooey
quote:
You cannot be anonymous in Louisiana
my man, If you win, I'll point you to good legal counsel and it will be pretty damn anonymous.
Your legal counsel, CPAs, the IRS and your new Merrill Lynch advisor team will be the only ones that know for fact and your legal counsel will have ironclad confidentiality agreements drawn up for the CPAs and Merrill Lynch.
Posted on 5/24/17 at 5:16 am to poops_at_parties
quote:I'd spend the rest of the summer drowning in whiskey and whores ... so much so that Leonardo DiCaprio would get jealous.
you know damn well you'd piss that shite away on women and toys for at least 5 years before calming down a bit.
Then I'd tell a financial firm to just make sure that I have 3% over inflation for the rest of my life.
Posted on 5/24/17 at 5:37 am to SlapahoeTribe
Well, even if you set up an LLC, wouldn't the identity of the members, officers etc of the LLC be public record?
This post was edited on 5/24/17 at 5:54 am
Posted on 5/24/17 at 5:48 am to poops_at_parties
Gottdayum
Posted on 5/24/17 at 5:50 am to OweO
quote:
wouldn't touch it and live off of about $6000-$8000 of that a month..
This is just your coke money right?
Why would anyone live a middle class lifestyle if they had that money. I mean shite, if you aren't going to use it, at least donate it to charity.
Posted on 5/24/17 at 7:52 am to poops_at_parties
Estimated cash value is 154,000,000. I have 2 kids and a wife I'd split that with so..... my share would be $38,500,000. I'm 40, if I live another 50 years I'll be happy. That means I can spend $770,000 a year or $2,100 a day. I'm pretty sure I could get by on that for the next 50 yrs!
Posted on 5/24/17 at 7:56 am to Roscoe
quote:
Well, even if you set up an LLC, wouldn't the identity of the members, officers etc of the LLC be public record?
Yes.
Posted on 5/24/17 at 8:03 am to Christopher Columbo
quote:
quote:
If you win tomorrow's powerball jackpot, you'd need 433 CD's
Damn. I wish Alton was still alive to see this...
You won the internet today baw lol
Posted on 5/24/17 at 8:12 am to Thib-a-doe Tiger
quote:
You would have to be the dumbest person alive to do this
Well, this IS the OT.
Posted on 5/24/17 at 8:16 am to Thib-a-doe Tiger
Considering what most lottery winners do with the winnings this isn't that bad.
Posted on 5/24/17 at 8:23 am to poops_at_parties
Half in a US Treasury Bond. 10 mill in Ethereum.
Hookers and Blow for the rest.
Hookers and Blow for the rest.
Posted on 5/24/17 at 8:32 am to KillTheGophers
quote:
Merrill Lynch advisor team
I wouldn't let those nitwits with a thousand feet of that kind of money. My money is with Northern Trust on Palm Beach
Posted on 5/24/17 at 8:33 am to poops_at_parties
quote:
You'd earn $139,824 a MONTH on those CDs assuming a 1.55% rate found on bankrate.com.
Seems low
Posted on 5/24/17 at 8:35 am to poops_at_parties
quote:
In order to have it all insured by the FDIC, you'd need 433 CD's of $250,000 each with separate banks.
But if you put 250K at each bank then each time one paid interest, you would no longer be fully insured.
Posted on 5/24/17 at 8:40 am to Sidicous
quote:
Or, just take lump sum payout, dump it in a Cayman bank (no financial or extradition treaties with the USA). Never earn another dime and never even have file taxes again since zero earnings. Live off the principal. How many millions is enough to live a comfortable life after all? (having the money offshore just insures the IRS/state cannot get it through hook, crook, or intimidation).
Good luck!!!
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