Talk of The Villages Florida - View Single Post - Lottery winners
Thread: Lottery winners
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Old 12-23-2024, 12:49 PM
mikempp mikempp is offline
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Default Nothing I would worry about.

Quote:
Originally Posted by SHIBUMI View Post
Hopefully someone in the Villages wins! But what to do.......

1. take lump sum or 30 year payments, lump sum after taxes less than 50%

2. 30 year payments get 5% interest a year

3. How do you slit it with a bunch of folks without them being taxed again

4. Can leave payments to beneficiaries

if you have any knowledge or ideas on this please share ...........thanks, Merry Christmas
Multiple times I've played, i buy $20 auto lotto (they pick the numbers) and many times have only had a total of 1 or 2 numbers on the whole ticket. After probably $1,000 I'm done, not playing anymore.