At first I thought it was a spam/spoof email "You are the grand prize winner of our sweepstakes!". Turns out, last week I actually DID WIN the grand prize which includes not only one, but two golf related trips. I spent the first 48hrs making calls and writing emails to confirm this was legitimate. This is a once in a lifetime opportunity to hang out with the golf pros during a famous tournament in January, get fitted for my own set of custom clubs, play on two different famous courses, have an individual lesson with a pro, and other perks.
The issue is, the prize is worth around $9000, which I will have to pay taxes on. Given our high tax bracket it will probably be close to $4000! These trips include things that I literally could not pay to do, such as walking on the course during the tournament with one of the famous golfers. It is an amazing opportunity and I'm sure will be an incredibly fun time and leave me with great memories and stories.
However, my interest in golf is medium. I play occasionally throughout the summer, and I do not watch golf on TV. I cannot take cash instead of the trips, and I can't transfer the prize to anyone else, it has to be me and one guest. My husband has about the same level of interest in golf as me. (My FIL and MIL however are green with envy-I wish I could give it to them!).
I am an ED doc, we are near FI in our mid 40's with a net worth of 2.7M. We can easily afford to pay the taxes on this prize. However, like my husband said, "if you were going to spend $4000 on a trip, would this be it?" And the answer is no, this is not my "dream trip". However it is an unusual opportunity that will never happen again, and I'm sure I would enjoy it. Is that enough reason to do it??????? I need to give my acceptance or denial within the next few days. I would appreciate everyone's thoughts!
The issue is, the prize is worth around $9000, which I will have to pay taxes on. Given our high tax bracket it will probably be close to $4000! These trips include things that I literally could not pay to do, such as walking on the course during the tournament with one of the famous golfers. It is an amazing opportunity and I'm sure will be an incredibly fun time and leave me with great memories and stories.
However, my interest in golf is medium. I play occasionally throughout the summer, and I do not watch golf on TV. I cannot take cash instead of the trips, and I can't transfer the prize to anyone else, it has to be me and one guest. My husband has about the same level of interest in golf as me. (My FIL and MIL however are green with envy-I wish I could give it to them!).
I am an ED doc, we are near FI in our mid 40's with a net worth of 2.7M. We can easily afford to pay the taxes on this prize. However, like my husband said, "if you were going to spend $4000 on a trip, would this be it?" And the answer is no, this is not my "dream trip". However it is an unusual opportunity that will never happen again, and I'm sure I would enjoy it. Is that enough reason to do it??????? I need to give my acceptance or denial within the next few days. I would appreciate everyone's thoughts!
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