Here's what to do if you win the $1 billion Powerball jackpot

  Рет қаралды 76,500

12 News

12 News

Жыл бұрын

12News sits down with Martinson Management to discuss the best financial options for Powerball winners

Пікірлер: 117
@MaxAdventuresWith7
@MaxAdventuresWith7 9 ай бұрын
Max, here. My quest is to share 50% of the cash-value jackpot with many people, including a pledge to donate 10% to helping children with cancer. Somebody will win soon. Good luck to everybody! 🍀😀
@RM-lk1so
@RM-lk1so 9 ай бұрын
Financial Education for All children and young adults. Maybe even a school.for Entrepreneurs
@kimdevlin832
@kimdevlin832 Жыл бұрын
If you don't hire a lawyer or investment firm be sure of 3 things 1. Don't tell anyone you won until you cash the ticket. 2. Always take the 30 year payments regardless of your age. 3. Because you become a target, you have to remain alive to collect future payments. Don't let greed get to you and take the lump sum. You give up way too much. Plus, if you decide you like your job you can always stay working, then save the money for retirement or hell, maybe buy the company you work for. Just remember be sensible. Buy yourself something nice and pay cash for it. Remember, if you want a ridiculously huge mansion, will you be able to pay the taxes and the upkeep when the money runs out?
@timothybrown6252
@timothybrown6252 Жыл бұрын
no one cares about odds. truth is, if you buy a ticket, you do have a chance and that's a FACT
@jc-xq2pf
@jc-xq2pf Жыл бұрын
Exactly!!
@Skeletor1
@Skeletor1 Жыл бұрын
Someone has to win
@bloopy6166
@bloopy6166 Жыл бұрын
The lottery keeps me from blowing my brains out lol Just the thought of living like Hugh Hefner Kees me going
@user-vt3vo1yd3v
@user-vt3vo1yd3v Жыл бұрын
The lottery is a tax on poor, stupid people like you guys. You will not win, EVER. Keep our government in power though. By the time they payout, they’ve made 1000 times what they give back.
@timothybrown6252
@timothybrown6252 Жыл бұрын
@@user-vt3vo1yd3v tell that to all of the winners. Don’t play if you have that mindset
@TonyNapoli
@TonyNapoli Жыл бұрын
Simple Call my attorney, and set up a blind trust, fed by a foundation; my attorney represents the foundation, protecting my identity - The attorney shows up at lottery offices with a winning ticket, and a check is made out to my foundation, paying much lower taxes through section 4942, leaving me free to give most of it away to various charities 😜 But it's all academic since I don't play the lottery....
@beasttitan8747
@beasttitan8747 Жыл бұрын
Ah that would work in a place call StupidVille, ah yes you live there already.
@notmyname3883
@notmyname3883 Жыл бұрын
You better call two attorneys, cuz you is too unintelligent to do it wif just one. You don't even know what a "blind trust" is. That's the LAST thing you want, unless you're running for high office.
@RM-lk1so
@RM-lk1so 9 ай бұрын
Your RIGHT ON. SPOT ON. FK THE GOV. DO WHAT THE POLITICIANS DO.
@larryhatcher8927
@larryhatcher8927 Жыл бұрын
Of course the first thing to do is make a copy of the ticket and then put the original in a safety Deposit box. But my understanding is that a lot of tickets are sold on line....anything extra to do in that case? In any case the other stuff, find a tax attorney, money manager and other stuff is pretty standard
@divinelyguided1144
@divinelyguided1144 Жыл бұрын
Good information thank you 🙏🏾
@nicolascoronado2896
@nicolascoronado2896 Жыл бұрын
@bigal25938
@bigal25938 Жыл бұрын
Don’t call it a billion dollars when they take half of it back.
@joez1033
@joez1033 Жыл бұрын
More than that. You only walk away with $313M
@mj4lyfe101
@mj4lyfe101 Жыл бұрын
You don’t want a billion dollars. There is a such thing as too much money. It would be around 320 million if your state taxes are around 7%. That’s more than enough for several life times to enjoy and blow
@michaelr5606
@michaelr5606 Жыл бұрын
@@mj4lyfe101 No there isn’t such a thing as too much money. Limited imagination perhaps but definitely not too much money.
@Kiem_Khi
@Kiem_Khi Жыл бұрын
@@mj4lyfe101 still not adequate for 1 year or hookers and coccaine
@mj4lyfe101
@mj4lyfe101 Жыл бұрын
@@michaelr5606 with a billion dollars don’t you realize some very nice men in black suits will probably be showing up at your door? That kind of money moves the world. No way can you spend that all without being completely wasteful and irresponsible.
@mystikalxs3996
@mystikalxs3996 Жыл бұрын
😂Yes please share with others, share with me. 😭 Love it 🙏🤗✨🙌 Amen
@jaymartin1342
@jaymartin1342 Ай бұрын
You don't need financial advisor you have the money. You need wealth preservation
@hanglam2910
@hanglam2910 Жыл бұрын
i love the way she said sharing 😊
@franciscolaureano4003
@franciscolaureano4003 Жыл бұрын
Same way I won the Christmas tree 🎄 I’m going to win the jackpot winner today
@jeffsam7762
@jeffsam7762 Жыл бұрын
Lawyer Up!!
@lamekajones6228
@lamekajones6228 Жыл бұрын
Don't trust no body especially lawyer hire a lawyer to watch your lawyer money makes people do crazy things
@brittscott4673
@brittscott4673 Жыл бұрын
Yeah their was a lawyer who became known as the lottery lawyer and he ripped off several jackpot winners for millions.
@optimusprime1634
@optimusprime1634 Жыл бұрын
So basically you get 300 million out of the 1 billion. If that is not highway theft, I don't know what it is. I get taxes etc but that's just robbery :)
@michaelr5606
@michaelr5606 Жыл бұрын
All taxation is theft.
@daryl9799
@daryl9799 Жыл бұрын
I live in Canada our winning are tax free the US is brutal for that its criminal.
@optimusprime1634
@optimusprime1634 Жыл бұрын
@@daryl9799 about 60% is gone by the time you get your money.
@daryl9799
@daryl9799 Жыл бұрын
@@optimusprime1634 The government wins every draw lol. I'd love to know what they do with that
@Deathcylance
@Deathcylance Жыл бұрын
@@daryl9799 easy, they pay themselves
@FATmenDRIVEtrucks
@FATmenDRIVEtrucks Жыл бұрын
Can we just call it what it's after taxes instead fluffing the numbers up to look good
@chosenyung
@chosenyung Жыл бұрын
Its still a blessing
@FATmenDRIVEtrucks
@FATmenDRIVEtrucks Жыл бұрын
@@chosenyung just gambling with pathetic odds no faith is required. Only one winning is the government taking half no matter what
@virtualcity721
@virtualcity721 Жыл бұрын
@@FATmenDRIVEtrucks Lol who is the government? people talk about the government like they are a different species. u are part of the government, all that tax money doesn't go in anyone specific's pockets but rather used for public infrastructure, government employees(teachers ect) pensioners, disability grants...ect
@dendennis9060
@dendennis9060 Жыл бұрын
I AM LUCKY, I FEEL LUCKY 😇
@12NewsAZ
@12NewsAZ Жыл бұрын
More on this story: www.12news.com/article/money/what-to-do-if-you-win-powerball-jackpot/75-e26c9c8c-d88d-4bfa-996f-ffc1bebfba56
@inuwaahmed2537
@inuwaahmed2537 Жыл бұрын
I want to buy ticket online from nigeria west africa if possible how do I get a help to buy the ticket in USA Thank you
@habkaire9943
@habkaire9943 Жыл бұрын
🙌🏽🙌🏽🙌🏽🙌🏽💰💰💰thank you Lord
@simonbonganixaba8746
@simonbonganixaba8746 Жыл бұрын
Remember me, I will remember you…
@elenaefremova7463
@elenaefremova7463 8 ай бұрын
Haha you dummy
@benjlegacy843
@benjlegacy843 Жыл бұрын
Wow thk u I receive 😁
@Norg1
@Norg1 Жыл бұрын
why u need so many freaking firms how hard is it to get the money and send it straight to your banking account??? do your really need to establish a trust or llc ???? me personally i would leave the usa and go to japan and new zeland tbo i would still have a house here 3 acctually but i would try and lay low for like 2 years
@MinicansVlog
@MinicansVlog Жыл бұрын
No sharing with you for sure! Lol 😂
@user-ty5oi4yc9p
@user-ty5oi4yc9p Ай бұрын
If you win a 1 billion dollar lottery, why do you only get about half if you take cash? They didn’t advertise half, they advertised 1 billion! They say “well, we don’t have that kind of money laying around”, but they just collected more than that, so they should have it just laying around! I just think that is so dishonest!
@Imhim247
@Imhim247 Жыл бұрын
I am already winning jockpot. I have the winning numbers
@akingschild887
@akingschild887 Жыл бұрын
👏🏻👏🏻
@daryl9799
@daryl9799 Жыл бұрын
Hiring some scummy firm to take care of your money no thanx. That would be the day I'd hand that kinda cash over to anyone manage it yourself. If you can't live on 200 million a year there's something wrong.
@douba_plusa
@douba_plusa Жыл бұрын
😂😂😂😂you're not wrong about that last part... plenty of people have spent that type of money really quickly
@chosenyung
@chosenyung Жыл бұрын
Im coming for whats mines its all devine timing
@WaldenWynn
@WaldenWynn Жыл бұрын
God told me. I will win! Chose wisely
@cyankirkpatrick5194
@cyankirkpatrick5194 Жыл бұрын
I would take the annual.
@diapersFTMFW11
@diapersFTMFW11 Жыл бұрын
Between in inflation and opportunity cost over 30 years you actually get less if you take annuity
@FATmenDRIVEtrucks
@FATmenDRIVEtrucks Жыл бұрын
@@diapersFTMFW11 true but it guarantees you don't go broke just don't die before 30 years
@transphotography
@transphotography Жыл бұрын
@@diapersFTMFW11 Can you earn over $200M after taxes in 30 years? Most people don’t. The difference is roughly $6.5M+ more after taxes annually. The annual annuity payments would be approx $19.5M/year. What I wonder is, if you donate/invest most of it, would the tax be less?
@LP-bt4jk
@LP-bt4jk Жыл бұрын
@@transphotography Sure… You can start by donating a few millions to me.
@NaulGalindo-jc2iw
@NaulGalindo-jc2iw 6 ай бұрын
Digan pues siempre quién es el ganador del gran premio en power ball combinaciones
@Deathcylance
@Deathcylance Жыл бұрын
Easy to solve the tax issue... Step1. Contact an attorney Step 2. set up a 501c3- tax free organization Step 3. Donate ticket to the 501c3 organization. Step 4. Enjoy writing off 1.6 BILLION in losses on your taxes for decades while using said 501c3 to make your purchases. Step 5. Make sure you take the annuity payment to get every dime.... like a BOSS.
@Leo-ub5qu
@Leo-ub5qu Жыл бұрын
Inflation
@jixingzheng-er8mw
@jixingzheng-er8mw 3 ай бұрын
Mega
@rufinocalixto4557
@rufinocalixto4557 Ай бұрын
I believe most important tax lawyer
@dandinire5044
@dandinire5044 Жыл бұрын
I'm from Indonesia, can I buy a powerball ticket..???
@nessa122893
@nessa122893 Жыл бұрын
No, unless you are a legal resident living in the US
@LP-bt4jk
@LP-bt4jk Жыл бұрын
Yes. Send me the money and I will buy it for you
@alexzandersonjrg862
@alexzandersonjrg862 10 ай бұрын
And if you are a super genius, you’ll find a loophole, get the 1 billion dollars and go to the Bahamas or some secluded area in Mexico where they have no jurisdiction 😂
@robertlosasso4222
@robertlosasso4222 Жыл бұрын
I would demand cash .
@BestOfTate23
@BestOfTate23 Жыл бұрын
I will invest 50% myself without a firm, spend 25% on real estate, cars, luxury, family and friends, and keep 25% cash
@natashasmith9828
@natashasmith9828 Жыл бұрын
I AM THE WINNER 🎉🥇🔥
@MegaJmannn
@MegaJmannn Жыл бұрын
I am a winner of This lottery
@DayngerDayne
@DayngerDayne Жыл бұрын
How much
@BigSwiggyOne
@BigSwiggyOne Жыл бұрын
YOLO
@harryballsacky
@harryballsacky Жыл бұрын
2 KILOS..6 HOOKERS, 2 BODYGUARDS, LEAVE A NOTE FOR THE WIFE, I MEAN EX WIFE
@riverlife2379
@riverlife2379 Жыл бұрын
Sign it first. Then make copies Get u a tax attorney Tax accountant the rest take care of itself.. Jb
@LovingIdaho
@LovingIdaho 6 ай бұрын
I am older . I would not need a financial advisor. I would just need account and lawyer .
@___Anakin.Skywalker
@___Anakin.Skywalker Ай бұрын
Fcuk NO!! I'm not sharing with others. I will keep my mouth shut and move away. I don't want to attract bad elements coming after my money!! No way
@mauricetamata4265
@mauricetamata4265 Жыл бұрын
If i win the power ball I'll take the annuity for 30 years i know i won't be broke for 30 years and i don't need a lawyer, cpa and financial advisor because i don't trust none of them
@elmielmi4397
@elmielmi4397 Жыл бұрын
DTA
@captainofthewhitetower
@captainofthewhitetower Жыл бұрын
So why it is 1 billion dollars. They take half it is so stupid
@transphotography
@transphotography Жыл бұрын
Well, if you think winning $300M after taxes is stupid, I’ll take it off of your hands for you 😅😂
@LP-bt4jk
@LP-bt4jk Жыл бұрын
The other half is for the kids and to fix the streets and stuff…
@TruChamp15
@TruChamp15 Жыл бұрын
Why are you being wayy taxed more than you're walking away with ?
@johnnyfavorite1194
@johnnyfavorite1194 Жыл бұрын
If I won I would spend it all on Women, Women, and also armfuls of fabulous, sexy women.
@transphotography
@transphotography Жыл бұрын
You might get added bonuses with your spend on lots of women, in the form of STD’s 😅. I assume the odds of getting herpes is much higher than that of winning the lottery. 😊
@EdgarHernandez-kk6yu
@EdgarHernandez-kk6yu Жыл бұрын
You will go broke in a month maybe less ajajaj💀
@ReflectingonReflection
@ReflectingonReflection Жыл бұрын
@@transphotography LMAO
@firstamendmenttshirt4768
@firstamendmenttshirt4768 Жыл бұрын
You could join the CIA in Colombia. They love coke. LMAO.
@hunterjeans6613
@hunterjeans6613 Жыл бұрын
Screw that ima waste it
@kenpompo7722
@kenpompo7722 Жыл бұрын
why do they always have to be so debbie downer about the odds of winning the powerball? not helpful at all.
@jarnaliyathapa9813
@jarnaliyathapa9813 Жыл бұрын
If you win i million and have kind heart give me sponsers thank you
@lnteIIigence
@lnteIIigence Жыл бұрын
That's just ridiculous. An individual winning that is just such a waste. The "system" is broken.
@pkstarstorm8856
@pkstarstorm8856 Жыл бұрын
Don't tell me what to do
@KA-eu9sy
@KA-eu9sy Жыл бұрын
I would buy Twitter and rehire all the laid off staff.
@Gayboy21
@Gayboy21 20 күн бұрын
In taking annuity, because what if someone steals my money some how or i over spend or something With annuity imma gets bunch of money each year, each year I get a fresh start With the lump sum you can’t do that
@anthonybernal76
@anthonybernal76 6 ай бұрын
Nation built off of greed.
@nimuzdo3114
@nimuzdo3114 Жыл бұрын
Yes the odds are are against everyone. Because the lottery is rig. That’s why they delay the drawing from Mondays 2 billion. So they can have enough time to rig it.
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