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Won the Powerball, now what?

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  • ginmqi
    replied
    Well it was a fun $2 day dream while it lasted.

    Would need tax lawyer and fee-only advisors to properly handle the windfall. But I doubt you'll need to with 1 in 290milion odds.

     

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  • scbunker
    replied
    Send me a PM. I can help.

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  • The White Coat Investor
    replied
    I think eventually I'd be giving away 95%+ of the net earnings, a massive chunk of it the first year, at least to a charitable trust of some kind that I would control. How do you spend a billion bucks? Just managing that charity would be a full time job.

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  • asmallchild
    replied




    Give the ticket to your favorite charitable organization.  Lottery wins have ruined lives.
    Click to expand...


    I've semi-seriously thought about this

    I actually enjoy my day to day work. I wonder if it would be possible to resume a career in medicine after such a large and public win.

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  • BCBiker
    replied
    Can I tax loss harvest my losing ticket? :P

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  • PhysicianOnFIRE
    replied
    Give the ticket to your favorite charitable organization.  Lottery wins have ruined lives.

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  • ACN
    replied
    Do This

     

    Can fast forward to around 25secs

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  • canadianoutlaw
    started a topic Won the Powerball, now what?

    Won the Powerball, now what?

    I've never won the lottery before. What steps should I take when tonight's numbers reveal my ticket is the winner? Would like to most efficiently protect this windfall accordingly. Any advice would be most appreciated.
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