I just won the powerball and after taxes I will get 85 million in cash money. What should i do now?
547637
I always wanted to build a home inside an old missile silo.\nThats what I would do.
1051190
Other than winning the lottery, my opinion is investments.  The best investment is in your own education.
395358
If you really do have big winnings - as in life-changing - then you should have a lawyer and a financial advisor.  They will tell you where to pay taxes.\n\nI can't see why it would be hard to figure this out, though.
983931
Find out from the government what your overall RRSP limit is (it's part of the letter they send you after you send in your tax return and you can also get it by phone and on-line). Then, contribute as much as you can afford to your RRSP, until you hit that limit.  You'll get a refund that is in proportion to your tax bracket for the money you've invested in your RRSP - if you are in a 30% tax bracket you will get back 30% of what you invested.  Take that money that you get back as a tax refund and re-invest it in your RRSP until you reach your max (which will likely be tens of thousands of dollars).  \nIt's great that you've paid off your mortgage, but you've been missing out on the miracle of compound interest for years and need to start making up for that.\nTake a money management course and get a self directed RRSP account from somewhere like TDWaterhouse and start to invest in a diversified way (no more than 10% of your portfolio in any one investment) and you will be well on your way.  \nAlways remember that no one will take care of your money as well as you will, so don't fall prey to financial advisors who just want to sell you products that make them money.  Keep your MER's low and NEVER invest in a fund with a load!\n\nGood Luck!
363431
Your only chance will be to hit the LOTTO with at price of at least $45,000 so after taxes you can keep 20,000.
792345
Pay off my debt. Help my Parents and other family memebers out. Send my sisters and my son through good schools. By my dream house which is not much of nothing fancy. Go back to school myself. Invest most of the monies to make more. Yes and charities.
410356
I suggest you get your stuff together, starting now...as in life. IF you are earning an income, you will have little recourse but to file all taxes with whatever payment you can muster. You will be levied fines and interest and penalties. IF you have a bank account, I strongly suggest withdrawing all monies from it, as if you have much in it, it will be siezed as soon as the IRS checks your assets out. IF you own a home, there will be liens placed upon it for the amount you owe. \nIF you do not have an income...relax!  Just don't plan on having one for about 1 year. NOW, go to a tax lawyer, spread out the mess. They will help you file, with addends as to NOT BEING ABLE TO PAY....the IRS will settle for whatever they can get, as little as .01 on the $ owed. You will have to pay something, but not anything like you may owe. Once you have an agreement with the IRS, DO NOT BREAK IT IN ANY WAY...if you do break the agreement, you will have to start all over, and trust they will then begin to hound you. Get yourself legal in any way you can, for the energy you spend on worrying about the IRS is destructive to your future. You can come out of this clean, and when you do, stay that way! You cannot go 'underground' and ever expect to earn much money in cash...people cannot pay much in cash, for they will be paying the income tax on whatever they pay you...do not expect much in the way of wages when you work this way. Be aware that anything and everything you own is subject to siezure IF you do not come clean... IF THEY Find out about your 'activities' before you tell them about it, they will come down on you hard....it is called tax evasion, and you can go to prison for it...doubtful, but certainly can happen. Once you file returns, they cannot jail you...they can just go after whatever they can get. Act now, this will not get better with time. Good luck
760547
First of all, if you win $250k, the government has to get paid first - so now you only have $125k.  If you live in a high tax state, such as NY, they'll take another chunk, so now you only have $100k.\n\nThis is how I would plan for the future.\n\n1)  Take $10K and spend it as you please.  This takes care of the psychological need to enjoy the windfall.\n\n2)  Take $20k and put it in a 529 account for your children.\n\n3)  Take $10k and give it to charity.\n\n4)  Take $10k and put it in GMAC Demand Notes as your "emergency fund".  Then, if you need money, you can tap it at no cost, and they pay 6% interest right now.\n\n5)  Take the balance, $50k, and put 20K in a S&P like mutual fund, 20k in a Global Fund, and 10k in a bond fund.
303868
Play the lottery. Best way for lazy man!. Take chance.
1134451
MAKE MONEY QUICK, EASY, AND LEGALLY!!!\n\n\nComments\n\nMONEY Turn $6 into $6000.00 in two weeks : HOW TO TURN SIX DOLLARS INTO SIX THOUSAND DOLLARS.\n\nREADING THIS COULD CHANGE YOUR LIFE! IT DOES WORK!\n\nI found this on a bulletin board and decided to try it. A little while back, I was browsing through newsgroups, just like you are now, and came across an article similar to this that said you could make thousands of dollars within weeks with only an initial investment of $6.00! So I thought, "Yeah right, this must be a scam", but like most of us, I was curious, so I kept reading. Anyway, it said that you send $1.00 to each of the 6 names and address stated in the article. You then place your own name and address in the bottom of the list at #6, and post the article in at least 200 newsgroups. (There are thousands) No catch, that was it. So after thinking it over, and talking to a few people first, I thought about trying it. I figured "what have I got to lose except 6 stamps and $6.00, right?" Then I invested the measly $6.00. Well GUESS WHAT!?... within 7 days, I started getting money in the mail! I was shocked! I figured it would end soon, but the money just kept coming in. In my first week, I made about $25.00. By the end of the second week I had : made a total of over $1,000.00! In the third week I had over $10,000.00 and it's still growing. This is now my fourth week and I have made a total of just over $42,000.00 and it's still coming in rapidly. It's certainly worth $6.00, and 6 stamps, I have spent more than that on the lottery!! Let me tell you how this works and most importantly, WHY it works... Also, make sure you print a copy of this article NOW, so you can get the information off of it as you need it. I promise you that if you follow the directions exactly, that you will start making more money than you thought possible by doing something so easy! Suggestion: Read this entire message carefully! (print it out or download it.) Follow the simple directions and watch the money come in! It's easy. It's legal. And, your investment is only $6.00 (Plus postage)\n\nIMPORTANT: This is not a rip-off; it is not indecent; it is not illegal; and it is 99%no risk - it really works! If all of the following instructions are adhered to, you will receive extraordinary dividends.\n\nPLEASE NOTE: Please follow these directions EXACTLY, and $50,000 or more can be yours in 20 to 60 days. This program remains successful because of the honesty and integrity of the participants. Please continue its success by carefully adhering to the instructions. You will now become part of the Mail Order business. In this business your product is not solid and tangible, it's a service. You are in the business of developing Mailing Lists. Many large corporations are happy to pay big bucks for quality lists. However, the money made from the mailing lists is secondary to the income which is made from people like you and me asking to be included in that list.\n\nHere are the 4 easy steps to success:\n\nSTEP 1: Get 6 separate pieces of paper and write the following on : each piece of paper "PLEASE PUT ME ON YOUR MAILING LIST." Now : get 6\nUS $1.00 bills and place ONE inside EACH of the 6 pieces of paper so the bill will not be seen through the envelope (to prevent thievery). Next, place one paper in each of the 6 envelopes and seal them. You should now have 6 sealed envelopes, each with a piece of paper stating the above phrase, your name and address, and a $1.00 bill. What you are doing is creating a service. THIS IS ABSOLUTELY LEGAL! You are requesting a legitimate service and you are paying for it! Like most of us I was a little skeptical and a little worried about the legal aspects of it all. So I checked it out with the U.S. Post Office (1-800-725-2161) and they confirmed that it is indeed legal.\n\nMail the 6 envelopes to the following addresses:\n\n\n#1) ANDREW BUNN\n149 PEREGRINE WAY\nDIVIDE, C
346706
I'd pay all debts and all families debts. Buy a new car go on vacation, Donate 20 million to low income families, and invest the rest.
210693
sit in a bar/somewhere with a slot machine and watch the slot machine untill someone puts a sizeable/fair sum in, then when they do not have a return from this, there is a chance you could win something, do not play if it is clearly just paid a big win, however some machines offer a repeat chance immediately after a big win so keep that in mind.\n\nremember to always buy the barman/lady a drink after a decent win, so they can inform you of the state of the slot machine payout next time you walk in to play the machine!
471594
MY GOD!!...Stop beating yourself up!!\n\n' Nothing worthwhile to give....'???? How utterly ridiculous! You have YOURSELF...Yep, you got problems, but everybody does as well, and you might be surprised there are people out there who would ADMIRE your being able to admit you have a problem with something.\n\nNow, if you make $100K+, you ain't no dummy!! Nobody makes that if they can't produce...So...If you are going to gamble, get a stock portfolio, and gamble 15% of that portfolio on low-cap or foriegn stocks...Pick a winner and you've made up for all you've lost...\n\nGET ANGRY WITH YOUR DEBT!!...Get rid of it!!!...Then make a plan to NOT make the same mistakes again..\n\nThe only time you LOSE is when you STOP TRYING!!
938880
Yes, lotto winnings will affect your income.  I'm assuming you've been filing joint, since that would be the most financially advantageous.  If so, depending on what your other income is, you'll likely owe $1500 to $2500 extra in taxes on the lotto winnings.  That's federal - I don't know if you'd owe anything to Massachusetts - most states don't tax winnings on their lotteries but I don't know about taxachusetts\n\nYou're right that if he hasn't cashed the ticket yet, and just gave the ticket to his aunt to cash, that would put any taxes in her court.  Officially and legally, that's not really allowed - the ticket is his, so he's the one responsible for the taxes - he can give her a gift of the money without further tax consequences.  But would be a little hard for anyone to trace who started with the ticket, until it's cashed.  If he's already cashed it, he could just give her whatever is left over after taxes are paid - but it doesn't really sound from your question like that's what he has in mind.  On an amount won that large, they might withhold taxes, maybe even enough to pay them, so (1) he might not get the whole $10,000, and (2) you might even make out, if the withholding is more than the taxes end up.  You could call the state lottery office and ask them if they withhold anything, and if so, what percent.\n\nFiling separately won't help you a lot, since although you wouldn't have to pay tax on the lotto win, you'd pay a higher rate on your own income, and could lose credits that you might get if you file joint.  If you've been filing separately all along, then the lotto winnings are his tax problem, not yours, and it wouldn't cost you any extra.\n\nYou mention that he has/had a business.  Does he have earnings from that, and just keep them separate from your funds?  Does he file taxes on that, and you file separately?\n\nThis sounds like a real mess in the making.  \n\nGood luck.
1036300
Hi wanna make lots of money???well here is yor chance...\nread this and you will know what i am talking about,trust\nme all you have to do is be honest and follow every step\nand before you know it you'll start getting money...\n\nI started out with $6. Now, I am making thousands. I \nfound this on a bulletin board and decided to try it. A \nlittle while back, I was browsing through newsgroups, just \nlike you are now, and came across an article similar to \nthis that said you could make thousands of dollars within \nweeks with only an initial investment of $6.00! So I \nthought, "Yeah right, this must be a scam", but like most \nof us, I was curious, so I kept reading. Anyway, it said \nthat you send $1.00 to each of the 6 names and addresses \nstated in the article. You then place your own name and \naddress in the bottom of the list at #6, and post the \narticle in at least 200 newsgroups. (There are thousands) \nNo catch, that was it. So after thinking it over, and \ntalking to a few people first, I thought about trying it. \nI figured: "what have I got to lose except 6 stamps and \n$6.00, right?" Then I invested the measly $6.00. Well \nGUESS WHAT!?... within 7 days, I started getting money in \nthe mail! I was shocked! I figured it would end soon, but \nthe money just kept coming in. In my first week, I made \nabout $25.00. By the end of the second week I had made a \ntotal of over $1,000.00! In the third week I had over \n$10,000.00 and it's still growing. This is now my fourth \nweek and I have made a total of just over $42,000.00 and \nit's still coming in rapidly. It's certainly worth $6.00, \nand 6 stamps, I have spent more than that on the lottery!! \nLet me tell you how this works and most importantly, WHY \nit works... Also, make sure you print a copy of this \narticle NOW, so you can get the information off of it as \nyou need it. I promise you that if you follow the \ndirections exactly, that you will start making more money \nthan you thought possible by doing something so easy!\n\nSuggestion: Read this entire message carefully! (print it \nout or download it.) Follow the simple directions and \nwatch the money come in! It's easy. It's legal. And your \ninvestment is only $6.00 (Plus postage)\n\nIMPORTANT: This is not a rip-off; it is not indecent; it \nis not illegal; and it is 99% no risk - it really works! \nIf all of the following instructions are adhered to, you \nwill receive extraordinary dividends.\n\nPLEASE NOTE: \nFollow these directions EXACTLY, and $50,000.00 or more \ncan be yours in 20 to 60 days. This program remains \nsuccessful because of the honesty and integrity of the \nparticipants. Please continue its success by carefully \nadhering to the instructions. You will now become part of \nthe Mail Order business. In this business your product is \nnot solid and tangible, it's a service. You are in the \nbusiness of developing Mailing Lists. Many large \ncorporations are happy to pay big bucks for quality lists. \nHowever, the money made from the mailing lists is \nsecondary to the income which is made from people like you \nand me asking to be included in that list.\n\nHere are the 4 easy steps to success:\n\nSTEP 1:\nGet 6 separate pieces of paper and write down your name \nand address followed by the words "PLEASE ADD ME TO YOUR \nMAILING LIST" on each of them. Now get 6 US $1.00 bills \nand place ONE inside EACH of the 6 pieces of paper so the \nbill will not be visible through the envelope (to prevent \nthievery). Next, place one paper in each of the 6 \nenvelopes and seal them. You should now have 6 sealed \nenvelopes, each with a piece of paper stating the above \nphrase, your name and address, and a $1.00 bill. What you \nare doing is creating a service. THIS IS \nABSOLUTELY LEGAL! You are requesting a legitimate service \nand you are paying for it! Like most of us I was a little \nskeptical and a little worried about the legal as
974663
Best advice: DON'T FOCUS ON THE MONEY!\n\nStraight from Donald Trump himself--the best way to make the big bucks is to find something THAT YOU LIKE TO DO\n\nIf you don't like doing it, you're not going to want to work, even if it makes the big bucks.\n\nFind something you like to do and go from there.
64308
hire a cpa and a lawyer to keep track of your cpa,hide as much of your assetts as possible,\ngo ahead and get your buying spree over with give yourself 2 days only for giving gifts and buying for yourself, then take some time off and reflect\non what you truly want then get your money to work for you, turn off all your phones and get a cell with only your lawyer and cpa to have the number,\nthese are things i wish i would have done.\nex millionaire,and lottery sad story.