re: Mother of 3 claims $2M Powerball prize

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Correct. $1.2MM cash after taxes invested somewhat conservatively would yield about $100K annually. Something tells me that a 26yo single mom with 3 kids won't go that route.

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Uh, what could you "conservatively" invest in that would yield $100k in perpetuity?

A real conservative investment of 1.2M would yield, at best, $36k in perpetuity. Which isn't bad at all.

Back in reality it doesn't matter, because old baw's getting a new Silverado with a lift kit, she's getting an Escalade, and they'll burn through whats left on a boat, HDTVs, and Yetis. They will be back where they are now in 5 years.