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What would do with $1.5B?

both the lump sum and 30-yr payouts are unfathomable to me. I mean, I'd totally quit my job - that's a given - but after that? I'd definitely travel a ton, buy a few houses, make sure family is situated... and then I don't even know. Things that come to mind are, like, "buy a new bike!" but that's $8k out of hundreds of millions. Whoop-de-doo. Hell, even homes don't make a dent in it (not the ones I'd get, anyway).

I'm sure I could figure it out, but I don't even know what I would do with my days. I like structure and having a schedule (and a job/task) so I'd have to create or find some way to be a productive member of society.
 
BillBrasky said:
No I want a $500K playhouse
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A proper play house should have an indoor bowling alley, basketball court and a tennis court. An indoor golf simulator and a putting green. Also a swimmable moat. $4 million, minimum.
 
That's not the idea of this place bro. This is more of a hang out and drink and watch sports spot. Air hockey and/or ping pong tables could be considered. Maybe I'd hire a hot bartender chick to work during big games.
 
Can you choose anonymity? Because whether or not people know I have that much money is going to be key in deciding how ostentatious I am with my spending.
 
I'll tell you this . . . I'm not ever flying commercial again.
 
mako1331 said:
Can you choose anonymity? Because whether or not people know I have that much money is going to be key in deciding how ostentatious I am with my spending.
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Depends on your state. Some states allow it and others do not.
 
I've posted essentially the same thing on a couple of threads about lottery winnings, but I still think it's the best plan.

With a cash option of $806 million, I would take the cash option and assume I'm paying in the range of 43% income tax, combined federal and state. I would contribute approximately $292 million to a donor advised fund to support my philanthropic/charitable efforts through my lifetime and hopefully well beyond. That would take my tax liability from around $347 million down to approximately $221 million (donor advised fund with a pubic charity rather than a new private foundation because of the higher 50% of AGI charitable deduction limitation), leaving me with a net of $292 million or so. Not sure what I would "buy" after that, but that would definitely be my plan. You could donate more (50%) to really minimize the tax, but I kind of like the symmetry of the net amounts to me and to charity.
 
mako1331 said:
Can you choose anonymity? Because whether or not people know I have that much money is going to be key in deciding how ostentatious I am with my spending.
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Yeah, this is definitely something I would want.

Also, re: never flying commercial again. Honestly, I kind of like the chaos of the airport... And I think I'd get SO MUCH pleasure from just flying first/business class wherever. I dunno. That would be my initial plan, but then it would be nice to know if that turns out to suck I can just get a jet.
 
lbE08 said:
Yeah, this is definitely something I would want.

Also, re: never flying commercial again. Honestly, I kind of like the chaos of the airport... And I think I'd get SO MUCH pleasure from just flying first/business class wherever. I dunno. That would be my initial plan, but then it would be nice to know if that turns out to suck I can just get a jet.
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Don't buy a jet. It's not worth it for the vast majority of people. Just use NetJets or Delta Private Jets or whatever.
 
You can have anonymity if you set up a trust. Pretty sure this doesn't vary by state.
 
lbE08 said:
Yeah, this is definitely something I would want.

Also, re: never flying commercial again. Honestly, I kind of like the chaos of the airport... And I think I'd get SO MUCH pleasure from just flying first/business class wherever. I dunno. That would be my initial plan, but then it would be nice to know if that turns out to suck I can just get a jet.
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you seem to get alot of joy out of being poor
 
there's no way commercial flying would ever be worth it vs. private. that's just silly. commercial airports are a huge waste of time and energy
 
BillBrasky said:
That's not the idea of this place bro. This is more of a hang out and drink and watch sports spot. Air hockey and/or ping pong tables could be considered. Maybe I'd hire a hot bartender chick to work during big games.
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You can't have a place to hang out and watch sports in the same place? Think big. You'll be spending that Harvard money soon enough.
 
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DeacHead said:
You can have anonymity if you set up a trust. Pretty sure this doesn't vary by state.
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It's that the states require you to present yourself in person to claim the prize.

As far as spending a combination of LLCs, trusts, and partnerships gets the job done.
 
DeacHead said:
You can have anonymity if you set up a trust. Pretty sure this doesn't vary by state.
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Depends on the state. Some states allow LLCs or trusts to claim prizes, others do not. I believe there are 5 or 6 states that permit complete anonymity.
 
Anyone here like their job enough to continue working if they could remain anonymous?
 
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