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27 October, 2016

I found a very interesting story today:

"LEICESTER, N.C. - A woman in North Carolina wanted to teach her husband a lesson about wasting money, but it backfired in the best way possible.
Glenda Blackwell's husband, Buddy, asked her to buy two Powerball tickets over the weekend.
She said she wanted to make a point that the tickets were a waste of money, so Blackwell, instead, bought a $10 scratch-off ticket for herself.
"I was going to be ugly and buy a scratch-off to show him they didn’t hit," Blackwell told WLOS.
It turns out the ticket was worth $1 million.
Blackwell opted for the lump sum of more than $415,000, after taxes.
She said she plans to buy a home with the money and set up college funds for her two granddaughters.
"I had to eat my words, but they were worth eating," Blackwell said."

And for anyone wondering - that is not a 58% tax cut. She simply chose to get the money in a lump sum instead of being paid off for 30 years in annuity.

Original article here: 


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