[mla1169]

and what would you do first with it?

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Anonymous]

Lump sum, of course, and I would reinvest 75% of it immediately (half of that in higher risk/higher yield instruments, the other half in more conservative, lower yield instruments). As for the other 25%, I would donate my old car to charity and buy a new car, I would probably donate 10% (of the 25%) to the Catholic Church and the remainder would probably be split up into Cancer research (namely, breast cancer and prostate cancer) and AIDS research.

[mmcgrad1]

I would receive it in a lump sum. TVM says this is the best approach. Assuming I won 100M+ I would give away 90% to charity. Most of that to specific Catholic religious orders that I trust and then the rest of that portion toward certain scientific research. The remaining 10% I'd use to help my siblings and parents get debt free. Whatever would be left over would be retirement money. I really wouldn't want to alter my everyday life very much by these winnings.

NIU CPA Review Correspondence is awesome!

I passed all four sections on the first attempt

[Anonymous]

“I would receive it in a lump sum. TVM says this is the best approach.”

Also, if you choose the annuity option, the cash payments terminate upon death. That means you won't be able to leave your family any of the winnings and it goes back to the state or whatever.

I bought a Powerball ticket a couple days ago, LOL. The jackpot is ~300M? I'd buy a house in SF, my parents a new house, and make sure all of my family are taken care of (mortgage, tuition, etc.). Some might be donated back to school and the rest would be invested. My daily spending habits and lifestyle shouldn't change too much. I'd still finish this exam and start work in the fall. I want my experience and those three special letters after my name.

[Anonymous]

Lump Sum

10% off the top to the church

85% to St. Jude's Children's Research Hospital

5% to pay off student loan and buy my dream car, a 1968 Porsche

[Jeremy]

@CashMoney- you're right that the annuity terminates on death, but upon death it is converted to lump sum so your loved ones would still have one heck of a pay day.

As for what I would do with the money, I would probably buy a place up in Boston, do some traveling and donate a few million to Habitat for Humanity International and to my alma maters.

The real question is would you still finish up your requirements for your CPA?

B- 8/13/2012- 92
A- 7/19/2012- 83
R- 5/30/2012-82
F- 7/3/2012- 90

[Trisha]

Lump sum for sure… I would take my family and closest friends on a really nice vacation, pay off all debts and donate/invest the majority of what was left. I would still finish the exam, and probably still work, at least a little 🙂

I get teased a bit at work for loving the lottery and noticing number patterns. My boss said I should know better, being an accountant, that the odds are against me… The day before my second exam (BEC), I bought a lottery ticket. I figured if the CPA Exam Gods were going to be mean to me, maybe the lLottery Gods would be nice 🙂 After my exam I went to HH with a friend and checked my ticket ~ I won $44.80. She said “What's up with the .80?”, I said “That is what my score will be.” We laughed a bit about it, and said hopefully my score wasn't 44 instead. Low and behold, I got an 80 on BEC. Random? I think not 😉 Now I always buy lottery tickets the day before an exam 🙂

REG 72, 86 and DONE!!!
BEC 80 🙂
FAR 72, 78 🙂
AUD 73, 76 🙂

[nimmle02]

Lump Sum baby! Then we can kiss my student loans goodbye. I got my ticket, gotta be in it to win it 😉

REG - 5/21/2012 - 85
FAR - 7/24/2012 - 86
BEC - 8/27/2012 - 85
AUD - 10/5/2012 - 72....rematch 1/3/13 (waiting)

[jeff]

https://www.youtube.com/watch?v=KX5jNnDMfxA

[Hitemup27]

Lump sum.

Donate 25% to scientific endeavors and the promotion of STEM subjects in underdeveloped locales. 50% to invest in the stock/bond market and another 20% to play with in real estate. The last 5% is blow money.

A - 93 - 10/25/2011
R - 92 - 1/17/2012
B - 91 - 5/31/2012
F - 93 - 10/1/2012
E - 90 - 11/17/2012

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[MastaWang]

I am not sure about all the donating…. But definitely Lump Sum with taxes already deducted. I would use the rest for the basics, new house, new car. Probably some would go to Becker, maybe a nice framed CPA plaque. And definitely a vacation, cruise in Europe would do just fine.

[mla1169]

After I pay off my house then buy my DREAM house, I would make an insane donation to the make a wish foundation.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Lidis]

Hi guys

How about give some to Jeff. Does he deserve it?

[Author]

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