Posted by Just Another Old Geezer on September 15, 2013 at 15:39:39 from (216.105.208.2):
In Reply to: Hitting the lottey posted by c-man on September 15, 2013 at 11:06:19:
Well first off, after taxes and in cash, you get about one third. Personally I would split down the middle with my brother, my only sibling. Par advice of several big previous winners, I would set an amount in the bank with the interest on that amount going to charity. What charities and how much would be determined by a paid Board of Trustees. Really just three people meeting once a month, a cushy job for some close friends. That way whenever somebody comes to you begging for money you can just hand them the card and say" I don't handle that but if you get your request to this address they will see to it that it gets the proper consideration". I'd also put a lump sum in a local bank with instructions to see to it that every student who graduates the local high school get the check for an amount to be determined until the fund runs out. The dairy cattle would be gone, and I'd let my brother run a farm. I think 38 years of milking cattle is enough. This kind of money would give me a chance to travel throughout the country and even the world see the things I'd like to see. A big RV and doing the Snowbird thing sounds like fun. Also I always thought that a 50 to 60 foot live aboard boat would be a wonderful way to see the coastline from Texas to New York. I could even bring that up the Mississippi and tie it up in Winona Minnesota for the summer. The best security for this is anonymity. Living in a $300,000 motorhome or boat is not really raise that many eyebrows anymore. Be careful not to flash fancy jewelry, expensive watches, designer clothes and expensive cars, and be tightlipped about your finances and you should be able to travel without too much worry of robbery or kidnapping. Living locally would be no problem as the graduation fund and helping local charities would lead to the local people here being very protective of my privacy.
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