LogFAQs > #910871195

Upgrade my home, buy a second place in a state without property tax, and... well, I'd probably keep working to conceal my wealth.

Sequiro posted...

First off you will not have anywhere close to the total amount. First you have to choose which option you want the like 20 year payout option or the cash out immediate option. Most people take the more immediate option. Which cuts the total amount you get way up then you have to pay massive federal and state taxes (state depending on which state you live in) out of that Billion dollars from last night if you did the quick payout option after taxes you are looking at maybe 25-30% of that money really

Taking a lump sum allows you to invest it and get a better return than the 20 year payout.

Sequiro posted...

- Immediately look at paying off my long standing debt. Student loans, medical bills, random stuff that may be on my credit report, pay off my vehicle..etc. I would quickly get rid of everything I owed to finally get that out of my life and wipe the slate clean.

- Once the money had shown up I would definitely quit my job, I've never liked working never wanted to and once i had enough money, I wouldn't work a day longer than I had to. I know some people like to work and would at least change jobs to something they dream to do, but I...I would quit and never look back.

If you hate your job, you picked the wrong major or, at the very least, the wrong profession.
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