I smiled when I saw the first piece of advice from a financial planner.... HIRE A FINANCIAL PLANNER! I have always been amazed how many wealthy stars end up being ripped off by the very people they've hired to keep them from being taken advantage of!

The advice I would give a winner is to invest the money in SAFE investments (bonds, treasury notes, non-GM stock!) , and ONLY spend the interest (not the money you won). If you do this you won't ever run out. Too many winners blow through the principal and are left with nothing.

Agree. Many of the biggest swindlers are the accountants,and financial advisors. Unfortunately, many winners are not too savy and well versed in financial matters. Plus, most, if not all, of their friends and family are on the lower rungs of the socio-economic ladder. Think cousin Eddie from Xmas vacation.

I would help so many people. I would go to bed at night feeling great. Of course, that's after buying a Porsche.

Yeah, a financial planner with a great reputation for making a lot of money for people.... like Bernie Madoff. LOL You'd have to go back to school and prepare to work hard at managing your money if you didn't want it to disappear into other people's pockets. That's OK, though. I could stand accounting classes if all those lovely zeros belonged to me! I'd definitely set up a foundation to contribute to charitable organizations on an ongoing basis, though. That would be immensely satisfying I think!

I'd invest part for our family -- living on the interest is a definitely prudent idea. I'd then invest the rest as a foundation and have fun giving it away!

The winners have 23 grandchildren that they know of.

Wait until they see how many "lost" relatives they have now their names are public!

I'd quit working full time, and I'd buy one of our oldest trucks and make it totally custom (but still functional) and show up every so often for a night or maybe a few hours. I'd donate any earnings to a Veterans' charity!!

No problem. With 250K per account FDIC, that would be 1,000K per bank, easy, LOCAL BANK! Spread it out over a few Local Banks, and even if the bank goes belly up, you are still sitting on a Mil.

I would still do what I do. Playing guitar on the street, my guitar is my begging bowl, and continue to entertain and help people out that are worse off than I.

Peace!

The 'Financial Planner' is WRONG. The first thing is to set up a blind trust.

Agree 100%! and if you plan on giving any money to friends and family include them in the trust so the money doesnt get taxed twice. Anyone with any money should set trusts up only way to go. I'm only 26 and I understand this. Screw a financial planner use common sense!

Screw local banks I'd build a walk in safe...the rest is common sense.

Screw local banks I'd build a walk in safe...the rest is common sense.

money bank, i'd build a huge money bank and fill it all with $1 Gold coins. Then I could swim in it like scrooge mcduck :)

Screw a financial planner use common sense!

yeah, and this too. Don't waste your money paying someone else to handle your money.

A $1 gold coin? I don't think they could make a coin that small. At $1,100+ an ounce it wouldn't be much bigger than a grain of sand if that size even. LOL

Invest in safe investments after winning 190 million? LOL! Why? I could never spend that much and wouldn't really need the most of it anyways. The only investment I would make would be to my direct family members and hometown.

Are you guys serious? Grant it, you need to find someone you are comfortable with and trust...but NOT getting a Financial Planner is just plain ignorant. Some of you have said...just invest it in XYZ....unless you are a market novice, you could lose everything in a second if it is not properly invested. A Financial Advisor is worth every cent...you pay them to manage and invest your money properly so that you don't blow it all in a week. Just an FYI....the majority of advisors are paid by charging a percentage of a client's portfolio, so the more $ you have, the more money they make. It makes NO SENSE for them not to invest it wisely.

AND NO, I am not a Financial Advisor....and NOT an idiot either

$190Mil sounds like a lot but they said lumpsum is $120M, and after all the taxes Federal and State she is only going to get $80Mil. Now I guess that sounds like a lot too but if you figure that she and her husband are separated, not divorced -maybe because they couldn't afford to get divorced. If they decide to divorce, now she has to split it 50/50. $40Million from a $190Million jackpot doesn't sound so good to me. Definitely a lot of money but lottery winners have won way more money than that and ended up broke. I would pay off all my bills, setup college fund for my kids, take a nice vacation and when the dust settled, go back to work -especially if I really liked my job, which I do. That is a lot of money but she is only 29 and has a lot more years to go before retirement, and she has 2 young children. She should have waited a while to quit her job and not make a haste decision, she can obviously afford to take some time off.

I agree with VA Mother...depending on how much we were left with after payout and taxes. The first thing we'd do is hire a planner. Second, pay off our house and do the necessary fix ups we have wanted to do but can't afford. Then..set up college funds for the kids. Then, help out a few relatives. Then take a nice long vacation, maybe even buy something small in a warm place. Then...go back to work. Cuz...it all can go away mighty quick these days. So..keep that job..unless you are flippin burgers somewhere ;-)

They had a show on not too long ago about a bunch of ppl that pitched in & bought lotto tix and won big. All but 1 guy quit his job. He runs a street sweeper (I think or could be garbage truck). He liked his job and couldn't see himself sitting around the rest of his life. He bought himself some nice things. He said his co-workers treated him very badly when we he went back to work because they were angry he didn't have to work. They felt he was rubbing it in their faces.

That's nothing but pure jealosy on the part of the street sweeper's co workers. It sucks people can't be happy for some people's good fortune.

You and me both! I'd disconnect my phone. I'd buy one of those disposable things for my immediate family only! The rest of them could contact me via my PO Box!! Hahahaha!

I like your thinking!!

I totally agree! I wouldn't tell a soul; pay for college for mine and other kids in the family; small, 1-time help to friends and family; set up recurring donations to local charities.

Too bad you can't do that. Part of winning is that the lottery gets to parade you out in public. Now you COULD invest it all, frugally live comfortably on the interest, and then tell "vultures" that you blew it all and it's gone. Then they would leave you alone!

But the other winner of the huge jackpot asked for and got privacy. only a name was given So yes you can keep your privacy.

She will have to go public before she gets the money! She doesn't have it yet

You don't have to go public. They release your name only. Other things such as age and hometown are private. It gives you time to disconnect your phone and MOVE!!

Yeah it sounds like a nice problem to have.

All those idiots saying money can't buy happiness. I'd like to test that theory, thoroughly.

Did you guys read about their Governor "joking" about getting some of that money to pay state deficits?

What a sh!tbag!!!!

I would make sure I owed nothing to nobody, open a Swiss bank account(since they never seem to lose money), give a bunch to my family and disappear with the rest to a Caribbean island or the Far East and relax forever away from people.

The government gets their 60% upfront before you get a penny! So the Governor may say he is joking but he isn't.

Ahhhh, my own island!! Nice!

Just put your address here and I'll send you his Indonesian BC, I don't need to win the lottery to send it.

First of all Mr. and/or Mrs. Roc, what I meant to say was underWEAR. Sorry for the typo.

Secondly, if you have a certified copy of his Indonesian BC why don't you make a copy and post it on a website for all to see? You can then post a link here which I would then navigate too. There is no need for you to waste your time and money sending me a copy.

wait, wait....a birther can write?

Obama can't produce his own birth certificate, how are you going to get one KameronK? Lean to type, I think it's Underwear....

Really dano? "Lean" to type? Come on, atleast proof your own writing if you're going to criticize someone else's. Now don't you fell silly?

P.S. feel...thought you had me didn't you.

atleast?

How on earth did this thread go to Obama??????? And frankly, GET OVER IT! HE WAS BORN IN HAWAII! A STATE OF THE UNITED STATES OF AMERICA!!!!!

I want to know what your gonna get interest off of. Basnks pay about 1%. which is about $38,000.00 per year.

My letter is already in the mail. :) One of the first thing the article should have mentioned is don't even bother opening mail from anyone you don't know.

Now thats an AWESOME idea!!

ROFLMMFAO!!!!!!!!!