General Discussion
In reply to the discussion: Dear Powerball Winner: Take Our Advice and Take the Annuity [View all]MillennialDem
(2,367 posts)the lump sum after taxes.
Which would be hard to blow even if you were this fool. :p
I guess that's why I'll play and thus never win (I'm a math professor. my mom rarely plays but even then I tell her not to). I'd certainly build a custom house, possibly in Europe, with a sub basement or even sub sub basement (2 or 3 levels of basement). I'm a weirdo I know
but it would be great for my partner and I to have the perfect movie theater / computer gaming studio with no outside noise. But otherwise, the house would be only at the high end of a middle class home for floor size.
Maybe that comes up to $1 million (probably considerably less). After that, throw in a few niceties, like maybe one expensive plus some decorations, furniture, and electronic toys for the house. And even then it's still going to at most, hit $2 million in total for the house + that stuff.
At that point, it's ongoing maintenance spending for trips and the like, but we wouldn't leave that often. I'd certainly keep a lot, but I'd also donate a lot to SENS, cryonics, and set up a non-profit for trans people.