I write this on a Saturday afternoon with 2 big One Dollar lottery tickets in the kitchen drawer. These for the California Super Lotto now sitting at a whopping $13,000,000. Yes that is thirteen million. Before Federal taxes.
Technically the lump sum payout before taxes is probably around 5.9 million. So net after tax is about 3.3 million. Not chump change but not buy a vacation home in Monaco either. (Yes, watching F1 on Netflix)
So what would WE do? This is truly something both my wife and I would work together.
One of the first things is to setup a trust fund for the grandkids. Today’s and any future additions. Nothing huge as time, compounding interest, market growth, and tax avoidance is all in their favor. Still call it a half a million.
Down to 2.8M very quickly.
Help our kids. Lots of tax implications so this may need to be spread out over time. Call that another half million.
2.3M left
Support various charities including my RAAM2CC, City of Hope, Church, and something related to dog rescues. Another half million.
1.8 million left.
Vacation property in Sunriver, OR? Going to take a while to find something in the 800k range. Doable as a 2 bedroom 2 1/2 condo is just fine.
1M left
Probably fall into the 250k each Mad Money. The other half million to be invested as a general reserve for vacation property operating expenses and upgrades.
Me, week long dual-sport motorcycle adventure ride with my buddies. Then start working on completing my private pilot’s license. There is a Cirrus part-owner deal waiting for me somewhere.
Dang it – I forgot the Ferrari!
May your wildest Lottery dreams come true.
RAAM2CC© 
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