Questions that need Answers.

Yes, Woman I worked with won £1m on a scratchcard on the way to work..bought one in the shop, won £5, bought another, won £5k, then next box under, got 20x the prize...so won the £1m...went straight home...3 days later, she was back in work because her dept was struggling l. Did it because her manager was really good to her..retired a month later..
I might be missing something, but isn't 20 x 5k equal to 100k rather than a million?
 
He still works for the company.
He won when he was in his 30s with 3 young kids. Bought a nice house with the winnings and rented out his old place.

I suppose it’s all about personal circumstances.

I’m mortgage free, single and childless at 44. I’d take some time off to enjoy the money. New York etc. I’d buy a bigger place and then go back to work on reduced hours after a sabbatical.
 
A million doesn’t go as far as you’d think these days, especially with the amount of fucking tax on the interest.
In retirement, $1M equates to about $40-50,000/yr, which can quickly become $25-30,000! It’s what makes a COMPANY PENSION a better deal than a wedge or even a small lottery win! Crazy, huh, that your JOB can ACTUALLY be like winning the lottery!

And, before anyone thinks it, my company pension was taken in my company’s bankruptcy proceedings and, at 40 years of age, I had to start trying to replace it with accelerated savings!

That said, I wouldn’t sniff at a $780,000 lottery win! ;-)
 
In retirement, $1M equates to about $40-50,000/yr, which can quickly become $25-30,000! It’s what makes a COMPANY PENSION a better deal than a wedge or even a small lottery win! Crazy, huh, that your JOB can ACTUALLY be like winning the lottery!

And, before anyone thinks it, my company pension was taken in my company’s bankruptcy proceedings and, at 40 years of age, I had to start trying to replace it with accelerated savings!

That said, I wouldn’t sniff at a $780,000 lottery win! ;-)

Best way I found is invest in US Govt bonds. Decent enough return without the risk level of some other funds.
 

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