Long time lurker, first time poster. I can definitely say I'm impressed by such a large contingent of Sox fans that talk some good baseball and just life matters in general…what better people could there be? I apologize for the long post, but I had to think of something during the 35 minute All-Star game introductions.
If I won the lottery, I would have to agree with others who could live comfortably off of say $100,000 a year. After taxes on the $300,000,000, I figure I’d be left taking about $120,000,000 or so in a lump sum payment or around $175,000,000 in installments.
First, I would make sure my Mom had top notch medical care. My parents move to Florida has done wonders for her health, but I still worry about her. My first plan would be to set up trust funds for my cousins and future kids and nieces and nephews so they would have college paid for ($75,000) and partial down payments ($25,000) on houses. With 10 younger cousins and approximately 4-6 children/nieces/nephews, I would put away $1,600,000 in a trust account that not even I could break. The interest earned on the bonds/cds would be donated to a children’s cancer charity.
I would fund 10 endowed scholarships at each of my parents’ alma maters as well as my sisters (so 20 for Illinois State and 10 for Lewis). I would fund an additional 10 for the Illinois State for athletics use. I would also set aside $5,000,000 to fund a new softball complex. I would also donate $5,000,000 to my church to do mission work and upgrade facilities.
My one “thrill purchase” would be to set aside money to buy and renew Sox tickets-12 per game. Four would be donated to charity, and the rest for family and friends to use. I would also buy tickets to every Sox game and follow them around the country for a season.
The rest I would put in safe and relatively safe investments. I would have more than enough money for my family and myself to live off of, so the interest earned could be donated to various charities.
Sorry for the long post, Go Sox!
