A Billion Dollars. What Would You Do With It?

[Diamondback]

Buy the Democratic Party and order them all to report to their state/national Capitol buildings and perform mass seppuku.

In all seriousness...
1. Call the family financial planner and accountant, get them working together to structure a minimum-tax-liability investment plan.
2. Green Cards for GF and her parents, a house on some acreage down here (WA if one of the lower-on-list items happens, otherwise somewhere else more heads-screwed-on) and a second in the BC mountains near her cousins. Get the bonehead rels relocated and hire professionals to pack and relocate the contents of both current houses. Lay in proper stashes of COMWEC supplies for all properties.
3. Buy out Washington State Republican Party and force them to Grow A F---in' Pair.
4. Plane, pilot's license. One big enough to turn into an RV on wings, with a ramp that I can drive a car into.
5. Go back to college, finish my BA in History, proceed to Masters and Doctorate. Acquire supplies (including firearms) conducive to my "Hands-On Learning" educational philosophy.
6. Green Card for @tac.
7. Charitable endowments for Firearms Safety education and Trade School programs.

Unfortunately, even with all the money I could want or need there just won't be the technology to build this in my lifetime...

As it is, the entire payout would only buy half a B-2, never mind a 19-km-long Super Star Destroyer, not even looking at the costs to fully automate a ship supposedly crewed by a quarter-million.

 

[mkwerx]

Hm, I got 0 numbers on my ticket, but ohwell. Maybe no one won, and the next jackpot will be 1.1B...

 

[EPS]

I think freinds and family would be well taken care of.

Lol I think friends and family would never see me again LOL

 

[notazombie]

Lol I think friends and family would never see me again LOL

Roger that. I'd fake my own death and go nomad.

 

[JRuby]

I dont get it. Life is too short to be bothered by those you dont like or dont want to be around. Maybe it's time for some new freinds.

 

[cigars]

Get your hearing checked, they said WEINER!!

Ha! People also tell me quite frequently that I'm number one. Usually it's just with a friendly finger wave. So I've got that going for me too!

 

[fredball]

Retire full time wake up at the crack of NOON
Help my less fortunate friends ie: pay off homes buy them new rides have a big azz BBQ
buy 10,000 acres somewhere warm and build some cool sh!t
Add several more K9's to my pack
ect ect ect

 

[Mister Bisley]

What?! No winners

 

[EPS]

What?! No winners

no winner and now the mega and the power ball are both over 500million

 

[Hawaiian]

Buy a belt fed and pallet of ammo, liquor, fast cars and fast women. The rest I would just squander.

 

[The Heretic]

First I would NOT tell anyone. No one. Ever.

Then I hire a lawyer and a CPA/tax person experienced in handling large lottery winnings. I am sure they would strongly recommend not signing the ticket or claiming it right away, they would also suggest claiming it from behind a trust to preserve privacy and for tax reasons.

I would bear in mind that I would only get less than half of it as a lump sum and after taxes, so I would not have a the $1.6B, I only get $665M.

Once I actually had the money, I would quit my job, but not before. But no notice, and I would share some of my thoughts with my employers for about 30 minutes and then walk out.

Then, I would set aside $100M into the safest interest bearing account I could find. This would be my backup that I wouldn't touch unless I ran out of the remaining $565M.

I would set aside another $50M for my daughter, in an annuity/trust/etc., with her getting about $1M per year. I would pay off her mortgage and other bills too. I would arrange to help select other family members too in a way that they don't know who helped them.

I would pay off my mortgage, hire somebody to cleanup the logging mess, do some landscaping and so on while I look for some forested land in Orygun. I would also start looking for land elsewhere, including New Zealand and the S. Pacific, Canada, etc.

Most of the land would be remote, forested, large acreages with plenty of elbow room. I would have large custom sub-terrain/earth bermed, ICF houses made that are hydronic heated and so on. There would be large hidden safe rooms, and a 100 meter (or more) escape tunnel that serves also as a gun range.

I would buy small plots here and there to bury stashes.

All of this would be done in the name of a trust to maintain as much privacy as possible.

Then I would start buying toys.

 

[EPS]

First I would NOT tell anyone. No one. Ever.

Then I hire a lawyer and a CPA/tax person experienced in handling large lottery winnings. I am sure they would strongly recommend not signing the ticket or claiming it right away, they would also suggest claiming it from behind a trust to preserve privacy and for tax reasons.

I would bear in mind that I would only get less than half of it as a lump sum and after taxes, so I would not have a the $1.6B, I only get $665M.

Once I actually had the money, I would quit my job, but not before. But no notice, and I would share some of my thoughts with my employers for about 30 minutes and then walk out.

Then, I would set aside $100M into the safest interest bearing account I could find. This would be my backup that I wouldn't touch unless I ran out of the remaining $565M.

I would set aside another $50M for my daughter, in an annuity/trust/etc., with her getting about $1M per year. I would pay off her mortgage and other bills too. I would arrange to help select other family members too in a way that they don't know who helped them.

I would pay off my mortgage, hire somebody to cleanup the logging mess, do some landscaping and so on while I look for some forested land in Orygun. I would also start looking for land elsewhere, including New Zealand and the S. Pacific, Canada, etc.

Most of the land would be remote, forested, large acreages with plenty of elbow room. I would have large custom sub-terrain/earth bermed, ICF houses made that are hydronic heated and so on. There would be large hidden safe rooms, and a 100 meter (or more) escape tunnel that serves also as a gun range.

I would buy small plots here and there to bury stashes.

All of this would be done in the name of a trust to maintain as much privacy as possible.

Then I would start buying toys.

I don't know about Oregon but in Washington you have no choice you will be on the news.
Unless you have set up a trust in advance .
Then your attorney can claim the prize for you.
There are only 8 states that do not require you to be at a press conference to claim the prize money

 

[The Heretic]

I don't know about Oregon but in Washington you have no choice you will be on the news.
Unless you have set up a trust in advance .
Then your attorney can claim the prize for you.
There are only 8 states that do not require you to be at a press conference to claim the prize money

That is why you don't sign ticket or claim the winnings before setting up the trust. Then the trust owns the winnings, and you maintain your privacy. You don't need to have the trust setup before you buy the ticket, but you can't sign anything. Some tickets have a place on the back to sign them to claim the winnings.

 

[RaceFan]

The jackpot is now $1.7B. $1B was huge. Almost double now. THAT'S A LOT OF MONEY!

I would take the $970MM in cash. After the gubment takes their cut, I would do the following with the ~$500MM:

1) $400MM into various accounts globally to spread risk. Assume 3% annual ROR in safe/bond investments, that yields $12MM.
2) $1MM from #1 should cover money management fees, security (you will need full time security), and "other staff" (accountants, property managers, etc.).
3) $1MM from #1 to run Pro 2A PSAs on CNN and MSNBC regularly ... for evahhhh
4) $5MM from #1 to seed non-profit that would give generously to St. Judes Children Hospital; angel wishes for sick children; full college ride towards a non-liberal arts degree for high potential teens without the family means; and $10k donations to select public schools for "out-of-pocket" expenses so they can have a little fun; etc.
5) Remaining $5MM from #1 for "annual spending money".
That takes care of the annuity piece...

For the $100MM...
I) Find place secluded to purchase a house. Drop $5MM. And hide there regularly, when I'm "in the country". $95MM
II) Buy out family and best friend's houses. Put all the properties in a Trust, and have EVERY person who will live there sign no liability contract. Then let them live there free. This avoids the gubment gift tax (it will be huge on a house gift). Assume $20MM; $75MM left.
III) Buy family and friends new cars. Put all the cars into the non-profit Trust and list each as a Trust Director so they have vehicle use rights. $1MM; $74MM left.
VI) $2.5MM for each family member (down to great nephew and niece level) in bonds placed into a managed brokerage account (fees taken care of). Each person can only draw the annual interest (figure even at 3% ROR, that's $75k without touching the principal). $50MM; $24MM left.
V) $4MM for "farm house" where friends gather REGULARLY and plink away.
VI) $20MM left for whatever the heck my heart desires...

And you better believe I might buy one or two new firearms, and suppressors, and...

Living life. Secure future. Secure future for others I care about. Helping family/friends become secure without living an entitled life, and giving back...

 

[The Heretic]

 

[EPS]

Saw a accountant on TV this morning he said that much money take the cash pay out
And you could turn that much into a lot more by investments instead of taking payment for 30 years.

 

[EPS]

View attachment 510527

Hilarious

 

[The Heretic]

Saw a accountant on TV this morning he said that much money take the cash pay out
And you could turn that much into a lot more by investments instead of taking payment for 30 years.

The main things I think of when it comes to annuity v. lump sum is:

1) I won't live for another 30 years - maybe 20 if I am lucky.
2) I want to enjoy myself now. If I didn't have financial obligations I would retire yesterday.
3) That much money, I would not spend all of it (once I had the properties and toys I want, I would mostly stop spending more than I would get in interest on the remaining amount), and I would set aside enough that even my daughter would have way more than she would ever need during her life time.

 

[EPS]

The main things I think of when it comes to annuity v. lump sum is:

1) I won't live for another 30 years - maybe 20 if I am lucky.
2) I want to enjoy myself now. If I didn't have financial obligations I would retire yesterday.
3) That much money, I would not spend all of it (once I had the properties and toys I want, I would mostly stop spending more than I would get in interest on the remaining amount), and I would set aside enough that even my daughter would have way more than she would ever need during her life time.

500 million dollars is life changing money for you your daughter and your daughters kids and there kids .
If it is planned out a done right.
They would have a good life for ever .
Unless we let this country go Socialist.
Then they would have to support all the useless losers .

 

[notazombie]

I'd buy Rosie a plane ticket. I'd buy Amy Schumer a plane ticket. I'd buy Bernie a plane ticket. I'd offer free one-way tickets to anyone who doesn't like this country or the constitution it was founded on. I'm sure they'll like Europe or Venezuela just fine. Hell, I'd gladly load buses and send them to Canada as long as we put up a northern wall too.