topic Re: What would you do if you won the Powerball jackpot? in Community Chat

What would you do if you won the Powerball jackpot?

MamaWick — Sun, 06 Nov 2022 15:27:18 GMT

It sure is fun to dream!!! It is an obscene amount of money that we would be spreading around after our immediate family (my mother, children, and grandchildren) were taken care of. Among our wish list would be (in no particular order)...the homeless and the hungry, animals, women's shelters, veteran's issues, cancer research, dementia research, children's diseases research...things like this.

What about you? What are your dreams for this?

Re: What would you do if you won the Powerball jackpot?

Group 5 minus 1 — Sun, 06 Nov 2022 14:42:26 GMT

First thing: Call our tax lady and account. It is all about the IRS.

Re: What would you do if you won the Powerball jackpot?

amyb — Sun, 06 Nov 2022 14:45:53 GMT

What wouldn't I do.

Give some away to favorite, vetted charities. And to loved ones.

Then....go have a ball...travel for sure.

Buy a decked out RV and travel the U.S.

And buy a few homes in favorite places.

Re: What would you do if you won the Powerball jackpot?

on the bay — Sun, 06 Nov 2022 14:48:49 GMT

I actually would hope and dream not to win it.

It involves making life and trust and decisions more complicated than I would ever want.

Re: What would you do if you won the Powerball jackpot?

Luvitorleaveit1 — Sun, 06 Nov 2022 14:52:56 GMT

Find the best accountant!

Take of my immediate needs, retire for sure

Take care of my elders, immediate family

Donate to several charities, schools, and college scholarship at my church

That's a start.

Re: What would you do if you won the Powerball jackpot?

Foxxee — Sun, 06 Nov 2022 14:53:03 GMT

Ask Powerball not to publish my name and photo.

Re: What would you do if you won the Powerball jackpot?

spiderw — Sun, 06 Nov 2022 14:54:06 GMT

I would help my family and friends, all of whom have been there for me with support and love. I have several charities I donate to and of course would give to each one for all the good they do.

Re: What would you do if you won the Powerball jackpot?

bmorechick — Sun, 06 Nov 2022 14:55:51 GMT

Obscene is right but I would be happy to have it!!! First, hire qualified financial people. Second, sit on the money until my euphoria settled. Then, I would make sure my kids all had the homes they wanted. I would have my oceanfront home. I would "adopt" several homeless families and house them. Put away the rest.

Re: What would you do if you won the Powerball jackpot?

Luvitorleaveit1 — Sun, 06 Nov 2022 14:58:05 GMT

I agree life would become more complicated than I could imagine.

Re: What would you do if you won the Powerball jackpot?

JeanLouiseFinch — Sun, 06 Nov 2022 14:59:52 GMT

I'll never win because I never buy lottery cards. But if I did, I'm guessing I'd do the same as many others - taxes come off the top, then family (homes, education funds), a sizable chunk to a particular mission/charity we support, a big family vacation, many some special vacays for DH & I, maybe some redecorating. 🤷‍♀️

Re: What would you do if you won the Powerball jackpot?

CrazyKittyLvr2 — Sun, 06 Nov 2022 14:59:56 GMT

@Foxxee You can't hide if you win in PA. No remaining anonymous.

Re: What would you do if you won the Powerball jackpot?

catter70 — Sun, 06 Nov 2022 15:02:33 GMT

My sister and I each buy a ticket and of course would split it. We actually just won $21.00.As for the big bucks like everyone one else would get an accountant, make sure that those that have helped me so much the past few years would get a big share, the charities I now support, and of course, would share with what few family members I now have.I'm old, so not much I need but would fix up my house.

Re: What would you do if you won the Powerball jackpot?

haddon9 — Sun, 06 Nov 2022 15:08:09 GMT

I have had this discussion before with many people. I've said that there is no way I would want that much money. Most who commented said that they would have no problem with it....right.

I would however love to win enough to give my kids and brother some. I would love to give my DD so she can move out of her place in Philly (which they want to do) and move not too far from us.

It would be great if DD and her husband could buy a house in a nice community with a yard and driveway. Right now they are expecting and it would be nice to be close by to help with the baby when he arrives in March. They hope to move over the summer but housing has gone up so much the last few years it's crazy! It really hasn't gone down much at all the last few months here.

My brother is dealing with his partner who has Lewy Body dementia. I would love to give him enough money to be able to buy a nice place near me so he can be near family and when the time comes could put his partner in a nice memory care facility.

Right now they are in the St. Louis area where housing is much less and if he sold his place I don't think he could afford to come back to my area. He and his partner have just barely enough to be comfortable without this awful disease changing their lives dramatically.

Of course it would be nice to have some for us also to do whatever I wanted regarding some travel (would love to fly private).

Otherwise I don't want that kind of money....I would feel that I needed to start some sort of charitable foundation if I had that much.

Re: What would you do if you won the Powerball jackpot?

Carmie — Sun, 06 Nov 2022 15:11:10 GMT

I don't know. I thought about what I would do many times with that much money.

I don't need anything or want for anything. I have no debt.

I would probably give it away to family and friends and people in need.The school where I used to volunteer needs a new playground. People need help paying for school lunches. I'd pay for my Grands college eduction.

There needs to be more affordable housing. There are so many people who could use a helping hand.

Before I retired I would have said I would travel. But, I have a pair of knees that prevents me from doing that now. I have traveled all over the world, but those days are over.

I suppose I'd have to come out of retirement to plan and distribute my winnings to those in need.

Re: What would you do if you won the Powerball jackpot?

new nickname 4 — Sun, 06 Nov 2022 15:12:31 GMT

I would immediately call all my family and some good friends, and tell them we are splitting the winning ticket. Then call my co-worker from my previous job (she's a senior CPA), and let her handle everything from there on.

Then, sell my home and car, travel and live in hotels and condos whereever I wanted to.

Re: What would you do if you won the Powerball jackpot?

goldensrbest — Sun, 06 Nov 2022 15:14:39 GMT

First of all i would probably have wet pants!!

Re: What would you do if you won the Powerball jackpot?

Meowingkitty — Sun, 06 Nov 2022 15:17:55 GMT

Find and honest and reputable lawyer and accountant. Taxes, buy a nice house ( no mansion ) where it's cool in the summer and buy another house where it's warm in the winter. My husband would set up a yearly payout for his brother because if he got a lump sum all at once he would blow it. Some animal charities would be very happy.

Re: What would you do if you won the Powerball jackpot?

bonnielu — Sun, 06 Nov 2022 15:19:04 GMT

First I would not want to be identified. I would consult with an accountant I trusted. I would make sure my family was "rewarded." My grandchildren would be my priority. I would select a few charities that I identify with and donate.

As for me personally, I might take a cruise, travel to a few places. I might even consider a vacation home and a new car but that would be the last thing I would do.

Re: What would you do if you won the Powerball jackpot?

mspatmac — Sun, 06 Nov 2022 15:19:55 GMT

I have thought about this for a long time. With that amount of money I could make a difference. After taking care of family, really take care of them and some outlandish gift to myself I would open a battered women's shelter.

Re: What would you do if you won the Powerball jackpot?

Desertdi — Sun, 06 Nov 2022 15:27:33 GMT

FIRST OFF.....I would invest the money and set up a charitable foundation to distribute the INCOME, in order to establish perpetual donations.