rg (12/06/82)
I've always wondered what I would do if I hit the lottery for a million or so dollars. Recently, with the $11,000,000 N.J. lottery I thought it might be interesting to see if anyone on the net had some good ideas on how to handle a windfall. Let's say you hit it big in the stock market, or whatever. How do you help from paying most of it in taxes. Where do you keep the money. I know that with big lottery winnings, they pay out over 20 years. Is there some way of taking advantage of this? Anybody with some good ideas please reply. You never know when one of use netites might hit it big.
jak (12/06/82)
There was an article in a recent issue (Nov?, Oct?) of Money Magazine on this topic. They had several good points. Their major guideline was to put it away for the first year to gradually get used to being rich. Then, hire a good financial advisor.
ark (12/06/82)
If you can't figure out what else to do, give it to me. I've got lots of ideas...
garry (12/09/82)
Someone provide me with the lottery money and I'll do a survey on the best thing to do with it !!!! The Baer