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Started By
Message
re: Mother of 3 claims $2M Powerball prize
Posted on 9/14/17 at 12:15 pm to OnePercent
Posted on 9/14/17 at 12:15 pm to OnePercent
quote:
Hebert says she will take the lump sum.
"We've been struggling to pay bills, and [we] got three kids, and it's going to help out a lot. And we'll invest some of it and put some money up for the kids," she said.
Hopefully invest a lot of it
This post was edited on 9/25/20 at 8:44 am
1
Posted on 9/14/17 at 12:22 pm to cwarr14
Good for her. Buy a $250k home. Buy an SUV. Put $500k away for kids when they turn 21. Keep working.
Posted on 9/14/17 at 12:22 pm to SPEEDY
quote:
And we'll invest some of it
Nothing like investing in a fully loaded $90k camero
Posted on 9/14/17 at 12:23 pm to OnePercent
Boyfriend already bought himself a new set of truck nuts.
I'd love to be able to witness the fights that start up in a few days when he starts wanting to claim "his share".
I bet with a little professional help and advice in the make up and attire department, she could step way up in the relationship area.
We need some other pics of this girl!
I'd love to be able to witness the fights that start up in a few days when he starts wanting to claim "his share".
I bet with a little professional help and advice in the make up and attire department, she could step way up in the relationship area.
We need some other pics of this girl!
Posted on 9/14/17 at 12:29 pm to cwarr14
I bet she hits up Casen for some of that welder D.
Posted on 9/14/17 at 12:34 pm to SPEEDY
quote:
Dude rocking the camo crocks and socks
Baby, you seen my black cargos?
- no, just wear the plaids!
But dey dont match my socks!
Posted on 9/14/17 at 12:35 pm to OnePercent
quote:
Hebert says she will take the lump sum.
I'm sorry,but this is the wrong choice for young people. I know it is supposed to be better overall to take the lump sum,but if they took the payments over 20 years, she'd have 100 grand coming to her every year, so she couldn't go broke at least til she's about 50.
Posted on 9/14/17 at 12:37 pm to J Murdah
quote:
She can get good health insurance and birth control with that money
Shiiiiiiiiiiiiiiiiiiiiiiiiiiit but that's like $1,500 a month with five people
Posted on 9/14/17 at 12:39 pm to cwarr14
so many fricking haters in this thread. Good for her!
Posted on 9/14/17 at 12:42 pm to cwarr14
What is the lump sum, after tax, payout on 2M?
Posted on 9/14/17 at 12:45 pm to East Coast Band
quote:
quote:
Hebert says she will take the lump sum.
I'm sorry,but this is the wrong choice for young people.
The problem is some of these lotterys are going bankrupt and are no longer able to pay the people who didn't take lump sums.
Posted on 9/14/17 at 12:56 pm to Fun Bunch
quote:not hard to do with half of it is gone to the govt immediately.
And that money will be gone within 1 year.
Posted on 9/14/17 at 12:58 pm to RTRinTampa
quote:
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.
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.
Posted on 9/14/17 at 1:05 pm to LSUZombie
quote:Nothing like basic high school grammar.
Nothing like investing in a fully loaded $90k camero
Posted on 9/14/17 at 1:10 pm to Ronaldo Burgundiaz
quote:
They will be back where they are now in 5 years.
lol
Try 5 months
Posted on 9/14/17 at 1:14 pm to Cosmo
TD new iberia haircut is popular
Posted on 9/14/17 at 1:16 pm to SamuelClemens
quote:
The problem is some of these lotterys are going bankrupt and are no longer able to pay the people who didn't take lump sums.
The Powerball isn't going bankrupt
Posted on 9/14/17 at 1:17 pm to SamuelClemens
quote:
Good for her. Buy a $250k home. Buy an SUV. Put $500k away for kids when they turn 21. Keep working.
If I were from a lower class and won the lottery, I'd move to a different city and do all that you listed. I'll visit family sometimes, but I feel like family and friends would do nothing but drain those winnings away. Maybe I'm just pessimistic.
Posted on 9/14/17 at 1:19 pm to East Coast Band
quote:Ehhh not really. The main argument against lump sum is bankruptcy.
I know it is supposed to be better overall to take the lump sum
And the people who usually show that taking the lump sum and investing it makes you come out ahead, forget to add the part where you could be investing the little payouts every month as you get them.
If the payout is guaranteed (through some type of insurance or something) then annuity is better in most cases.
Posted on 9/14/17 at 1:19 pm to GetCocky11
quote:
Maybe I'm just pessimistic.
Not at all. Given her demographic, she's going to have people begging her for money every single day forever. And she will probably feel obligated because so-and-so helped with the kids sometimes, or whatever. It would be exhausting.
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