re: If you hit the $900 million jackpot, would you put the lump sum in VTSAX?

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I’m pretty sure my bank has like 5 branches total. “Hi yes, I would like to deposit this check for 300 million dollars”

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I wonder what type of hold they would put on that.

I had an issue recently with a large insurance check. They withheld some of the money for a few days.

But I am pretty sure the state or multistate lottery association who manages mega millions just does cut a check unless requested.

With an amount that large, the lottery may even have the money deposited in some sort of industrial banking type account that isn’t even insured by the FDIC. Upon confirmation of winning, they give you checks or drafts to write. I have seen that with a few life insurance policies.

I would buy up all the gold I can, and then have the biggest gold truck nutz in the world