Woman wins $1M lottery ticket, plans to return to work
DUVAL COUNTY, Fla. — A Jacksonville woman initially thought she won $100,000 when she scratched off her $20 lottery ticket before heading into work one morning.
Wilma Todd, 69, told the Florida Lottery she was adamant about working her shift before making plans to claim her prize.
Good for her. I hope she puts most of the money in a trust fund for her grandchildren where they can't touch it unless approved by a handler, else it'll be gone in a year or two.
Generally, lottery winnings are taxed at about 50%. It can be more depending on state rules, but that's a good walkaround. So she actually won a half mil. Nice hit, not life changing money.
She's got the right attitude. Keep working (if only to train replacement), let life get back to normal, enjoy the windfall a bit. It'll make her much more comfortable for the rest of her life, if she's a typical middle class worker. Could double her retirement savings, or at least give her a nice-ish cushion if she's behind the curve.
Not enough to fund the family ne'er do wells or do much for the heirs. Nor should she use it that way, necessarily. Anything she has left she can gift away without further taxes.
A rare bit of good luck to what sounds like a good person.
Properly invested, 500k *can* be life-changing, for the good. Or at least until the .gov manages to fully crash our country. Of course, "invested" in quality land away for cities, well, "life-changing" becomes "life-extending." So, no, it won't get you on Epstein's pedo plane, but is that what any God-fearing human would want? -Just A Chemist
One million dollars wasn't a lot of money even in 1997:
"Gentlemen ... here's the plan ... we hold the world ransom ... (dramatic pause) ... FOR ONE MILLION DOLLARS!" ~ 'DR. EVIL' played by Mike Myers
(There is an uncomfortable pause.)
"Don't you think we should ask for more than a million dollars? A million dollars isn't that much money these days." ~ 'NUMBER TWO', played by Robert Wagner
"Austin Powers: International Man of Mystery"m movie, 1997, https://www.imdb.com/title/tt0118655.
There was a comedian who did a joke about that years ago - "Why wouldn't I go back to work? I could just sit there and balance my checkbook in front of my boss! 'Let's see...I've got one million dollars, and after you pay me on Friday, I'll have one million, three hundred dollars.' What's he going to do, fire me? That just gives me unemployment for beer money."
One million? She probably ought to.
ReplyDeleteGood for her. I hope she puts most of the money in a trust fund for her grandchildren where they can't touch it unless approved by a handler, else it'll be gone in a year or two.
ReplyDeleteone millon, after inflation and taxes, will just about buy her gas to get to the lottery office.
ReplyDeleteAs with most things, it's not what you get, it's what you do with it.
DeleteEven a half mill is more investment capital than most people ever see.
CC
Generally, lottery winnings are taxed at about 50%. It can be more depending on state rules, but that's a good walkaround. So she actually won a half mil. Nice hit, not life changing money.
ReplyDeleteShe's got the right attitude. Keep working (if only to train replacement), let life get back to normal, enjoy the windfall a bit. It'll make her much more comfortable for the rest of her life, if she's a typical middle class worker. Could double her retirement savings, or at least give her a nice-ish cushion if she's behind the curve.
Not enough to fund the family ne'er do wells or do much for the heirs. Nor should she use it that way, necessarily. Anything she has left she can gift away without further taxes.
A rare bit of good luck to what sounds like a good person.
Properly invested, 500k *can* be life-changing, for the good. Or at least until the .gov manages to fully crash our country. Of course, "invested" in quality land away for cities, well, "life-changing" becomes "life-extending."
DeleteSo, no, it won't get you on Epstein's pedo plane, but is that what any God-fearing human would want?
-Just A Chemist
One million dollars wasn't a lot of money even in 1997:
ReplyDelete"Gentlemen ... here's the plan ... we hold the world ransom ... (dramatic pause) ... FOR ONE MILLION DOLLARS!"
~ 'DR. EVIL' played by Mike Myers
(There is an uncomfortable pause.)
"Don't you think we should ask for more than a million dollars? A million dollars isn't that much money these days."
~ 'NUMBER TWO', played by Robert Wagner
"Austin Powers: International Man of Mystery"m movie, 1997, https://www.imdb.com/title/tt0118655.
There was a comedian who did a joke about that years ago - "Why wouldn't I go back to work? I could just sit there and balance my checkbook in front of my boss! 'Let's see...I've got one million dollars, and after you pay me on Friday, I'll have one million, three hundred dollars.' What's he going to do, fire me? That just gives me unemployment for beer money."
ReplyDelete