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If I were Filthy Rich
By SomethingClever2117
+60 Does anyone make a plan for almost winning?

I know lots of people that play have an idea for what they would do with a jackpot win, but what about just matching 5 numbers and not the powerball? What would be your plan for winning $1m?

Recent responses

+49 @PirateKilt Immediately pay off the $370K in taxes, then drop $330K into paying off my mortgage, putting me back at Debt-free. Drop the remaining $300K into the bank while I figure out the best investment vehicle for $200k of it, leaving $100k as extra play money for upcoming vacation fun for the next couple years. Then go back to work on Monday with a much smaller stress level.

+23 @TheSchwartzIsWithMe After taxes that's something like $650k. I'd pay off debts, put at least $250k into savings. Maybe a down payment for a house, or put more into savings and then upgrade my car and take a vacation or two over the next couple years

+16 @SomethingClever2117 Gotta remember you won’t be getting a full $1m after taxes. State taxes vary, but it should be around $600k.

+15 @the-one-who-knocks 500k towards retirement. The rest as a nice cushion for all my bills or paying off any outstanding debt

+13 @lilyinthewater Payoff my mortgage...breathe. Also if I win 1M I GET 1M here in Canada.

+11 @R3tro956 I pretty much buy powerball for the chance at the million lol - $650k after taxes $300k for a house in cash (Yes LCOL area) $100k to buy brand new cars in cash (to last a good 10-15 years with no car payments) $65k to charity $35k to pay debts I would use the left over $150k to invest and keep working