As I write this, Mega Millions has been bumped up to $640 million. If you take the 26 annual payments rather than the lump sum (which I plan on doing) it's roughly $38,500 per year--before taxes--for each million in the jackpot. In this case, you can expect a deposit of $24,640,000 every 12 months. Today has been full of blue sky, crazy thoughts about what you should do with it. Get a lawyer and a really good accountant.Then there's what people want to do with it. A sports car and plastic surgery. So I thought it'd be fun to do a post about what I really, actually would seriously do with it if I win. Let's assume the government is going to take half. It's actually less than that. But we'll make it an even $12 million for easy math. I'd give half of that away to charity. I debated in my head if this was fair. Far more than many people would give, I ended up telling myself. Again, for easy math let's not talk about investment or interest. Let...
A view for the modern parent.