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Ways to stay anonymous:

1. Don't cash the ticket.  Instead, frame it with one of the numbers obscured, and hang it in your office. 
2. Give it to someone you can trust, like me to cash in.

Author Topic: Want to remain anonymous, when you win the powerball?  (Read 36337 times)

Offline David Smith

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Re: Want to remain anonymous, when you win the powerball?
« Reply #270 on: January 13, 2016, 04:09:16 PM »
The lump sum is less than $2m per staff member, before taxes and beforethe mosad's "cut". I hope no one's retiring off that.
You can easily retire on that, if you have a competent financial manager.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline skyguy918

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Re: Want to remain anonymous, when you win the powerball?
« Reply #271 on: January 13, 2016, 04:10:18 PM »
You can easily retire on that, if you have a competent financial manager.
I didn't mean retire at 65. I meant retire at whatever the average age is for the staff members there (surely a lot lower).
« Last Edit: January 13, 2016, 04:35:39 PM by skyguy918 »

Offline David Smith

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Re: Want to remain anonymous, when you win the powerball?
« Reply #272 on: January 13, 2016, 04:11:25 PM »
I didn't mean retire at 65. I meant retire at whatever the average age is for the staff members there (surely a lot lower).
I'm aware. If you invest that properly, you can live reasonably comfortably off that.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline skyguy918

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Re: Want to remain anonymous, when you win the powerball?
« Reply #273 on: January 13, 2016, 04:12:57 PM »
I'm aware. If you invest that properly, you can live reasonably comfortably off that.
ALOL...

Because you were joking, right?

Offline Redbull3

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Re: Want to remain anonymous, when you win the powerball?
« Reply #274 on: January 13, 2016, 04:14:50 PM »
IMO 65 year old empty nesters might be able to retire off that and live off interest but young jewish families with huge expenses not so much.

Offline David Smith

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Re: Want to remain anonymous, when you win the powerball?
« Reply #275 on: January 13, 2016, 04:15:50 PM »
ALOL...

Because you were joking, right?
Truth is, i was thinking of $2M, not whatever number you end up with. However, i do think you can live off that. 8% a year on $1.5M is $120k gross.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline skyguy918

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Re: Want to remain anonymous, when you win the powerball?
« Reply #276 on: January 13, 2016, 04:17:13 PM »
Truth is, i was thinking of $2M, not whatever number you end up with. However, i do think you can live off that. 8% a year on $1.5M is $120k gross.
I don't know where to start. Just promise me you'll never try this yourself.

Offline David Smith

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Re: Want to remain anonymous, when you win the powerball?
« Reply #277 on: January 13, 2016, 04:19:18 PM »
I don't know where to start. Just promise me you'll never try this yourself.
Making 8% on a reasonably safely diversified portfolio, or living off the earnings of that?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline henche

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Re: Want to remain anonymous, when you win the powerball?
« Reply #278 on: January 13, 2016, 04:23:58 PM »
Truth is, i was thinking of $2M, not whatever number you end up with. However, i do think you can live off that. 8% a year on $1.5M is $120k gross.

There is no safe investment today yielding 8%.

Offline yuneeq

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Re: Want to remain anonymous, when you win the powerball?
« Reply #279 on: January 13, 2016, 04:29:07 PM »
Just curious, how did you quote someone from the future?


I didn't mean retire at 65. I meant retire at whatever the average age is for the staff members there (surely a lot lower).

http://forums.dansdeals.com/index.php?topic=59828.msg1383011#msg1383011

ETA: Both posters quoting each other in a weird circular way.
« Last Edit: January 13, 2016, 04:34:30 PM by yuneeq »

Offline Redbull3

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Re: Want to remain anonymous, when you win the powerball?
« Reply #280 on: January 13, 2016, 04:31:18 PM »

Offline skyguy918

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Re: Want to remain anonymous, when you win the powerball?
« Reply #281 on: January 13, 2016, 04:35:02 PM »
Making 8% on a reasonably safely diversified portfolio, or living off the earnings of that?
There is no safe investment today yielding 8%.
+1. 8% CAGR may be a reasonable assumption over a 30 year investment horizon, where the money is untouched. But if you're living off your earnings, you need to be in stable investments.

On top of that, the $2m cash payment I mentioned becomes just over $1m after federal and NJ state tax. Even if you got your 8% on that $1m - which we've established is unreasonable - that's $80k per year. But you'd also be paying ~30% of that $80k each year in federal and NJ state capital gains taxes, because that $80k is pure gains. So now we're talking about living on $56k after tax a year, even for a 40 year old who hasn't incurred most of the big expenses of child rearing?

Offline skyguy918

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Re: Want to remain anonymous, when you win the powerball?
« Reply #282 on: January 13, 2016, 04:36:36 PM »
Just curious, how did you quote someone from the future?


http://forums.dansdeals.com/index.php?topic=59828.msg1383011#msg1383011

ETA: Both posters quoting each other in a weird circular way.
Fixed. It was something to do with the fact that I has started to modify my post, then noticed his post, and thought I was replying fresh to that while still in edit mode.

Offline henche

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Re: Want to remain anonymous, when you win the powerball?
« Reply #283 on: January 13, 2016, 04:53:50 PM »
anyone buying with lakewood cheder's numbers to piggyback on their zchus harabim?

Offline jackofall

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Re: Want to remain anonymous, when you win the powerball?
« Reply #284 on: January 13, 2016, 04:57:06 PM »
There is no safe investment today yielding 8%.
Correct, if you have $ 1,000 to invest. If however you have 2 mm there are plenty of save investments that return anywhere from 8 to 11%.
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