How long do you think it will take to fleece the winner in Fl?

[CK_John]

Bankruptcy in 2 1/2 yrs, but...

they will give many scam artist jobs. For short periods anyway.

[COLGATE4]

1. I think 2 1/2 years is

too generous an estimate. My guess is 12 to 18 months before (s)he is completely fleeced and out of gas.

[Callmecrazy]

2. Oh come on...

The lump sum payout is around 300 MILLION bucks. No way you can spend that much cabbage in 3 years.
Am I hearing a bit of sour grapes? You can play again on Wednesday.

[CK_John]

3. State sponsored gaming on the lowest economic class to avoid taxing the 1% is wrong.

[Callmecrazy]

4. Maybe so

But I'm still buying a ticket... and so will you.

[CK_John]

6. Never brought one and don't plan to.

[Callmecrazy]

13. Well good for you.

You saved 2 bucks.

[bike man]

5. There is no "mean's testing" by the retailers who sell tickets. Anyone can buy one, or NOT buy

one. It's a choice thing.

[rufus dog]

7. Hey BUTTHEAD!

How about a spoiler alert! I am just waking up out here on the West Coast, having my first sips of coffee and you crushed my morning!

[Callmecrazy]

12. So much for the rest of your life, huh?

[nadinbrzezinski]

8. Depends

I bought a ticket, and if I won, the first thing I do is call my finantial advisor, yup I got one, believe it or not.

The second is call my lawyer


Set trusts.

I hope she does that.

Some lottery winners lose all, some winners take the steps I just outlined above and go to live nice relaxed lives.

You buy a ticket to buy a chance at that. If you understand statistics and probability you buy just one.

What I read in your post is truly sour grapes.

[CK_John]

9. Sounds like you would run not walk to the top of the pile scammers. A prime

target anyone who thinks someone else will do due diligence with YOUR money.

[nadinbrzezinski]

11. That is why you use a reputable set of finantisl professionals

I happen to have one, done great by my parents, and us.

Believe it or not...they do exist. If you live in Cali I could even direct you in that good direction.

As I said, I hope her first step, before replacing the car, buying the trip and replacing the house, is talking to a reputable advisor, the second with a lawyer. Oh and of course...not tell family either until those two steps are taken.

I know what I would do...I need a few trusts for the education of young children. And I also would set a foundation, to help, fund, media...alternate media.

Set enough for us to live from interests

[Roland99]

10. Same here

Heck...I'd almost drop the whole into US Treasuries. I could handle 2% yield on ~$300 Million!

[datasuspect]

14. depends on the winner's level of intelligence

and sense of financial priorities.