The advice we´re hearing is to accelerate income and postpone deductions (except for charitable).

I am thrilled for these people´s good luck and wish them all much happiness!

Well done that man for refusing to play show pony, exposing himself to con artists and for getting the accountants and lawyers in.

If and when he speaks again he should remind everyone that he´s getting only 65% of what he has won thanks to the insatiable maw of government.

My error: cash option reduces prize.

These lotteries are a terrible idea. They are only an extension of bread and circuses, and they thereby reward people who did not earn the reward.

And the media hacks in the area will leave no stone unturned to find and expose these winners.

Notice how the AP references that the man lives in a "wealthy Phoenix suburb". as to imply that he doesn´t need or deserve it.

IIRC, the couple bought the ticket at a store in Fountain Hills, Az. It´s actually a suburb of Scottsdale and abuts the Fort McDowell Indian Rez. Although the town has some affluent developments, there are also pockets of low-middle class homes built when the town was being developed by MCO Properties back in the 70´s.

I wish this couple well and hope they are able to remain anonymous.

The question here is he already in the 1%? If so, why does he need this money? Really now, he should give it all away, that ole trickle down effect. And he´s NOT allowed to bestow it upon his kids when he dies like the Romney´s will do. This man should NOT have even been allowed to play in the lottery because he already had enough money. He should have bought 10 tickets and given those tickets away to the less fortunate.

Congratulations to this winner who put together a team of financial advisors, established a charity fund and declared he would take ALL of his winnings at once. He will pay his taxes now .... before the government can come up with new laws and bills which demand more.

Time for Obama to step in and say "you´ve earned enough already" and take what is needed for redistribution.

As one of the above posters said the Fort McDowell Reservation adjoins Fountain Hills and the indians that live there are in absolute poverty. But then again that goes against the "attack the rich" theme of the statists.

The suburb is wealthy - not the residents?

I wish them well. A few weeks ago, I read an article about people who won the lottery. Some lived happy lives and others were destroyed by it. It seemed to me that those who were sensible and smart before their win prospered and those who were loutish and greedy didn´t.

Exactly what a smart person would do. Remain anonymous,(especially regarding grasping, blabbermouth relatives) and get the best tax lawyers and CPA you can find.

Make no sudden changes, no extravagant gifts, or purchases. Then buy MSNBC and assemble an entire replacement staff. After firing the "talent" on air and canning everybody else, turn it into the No Bull, No Jive, No compromise network.

Hurrah for this couple! I wish them every success in life. Oh, and #10... your post was tongue in cheek, right?

@#4: The state and federal govn will take more than 50% of the `reward` as you call it. What did they do to `earn` it?

Wait till the relatives find out.

I have a friend who used to work for the state lottery.

Anyone taking the payout over time is crazy.

Most state require the winner to reveal themselves as they just won public money. If you want to be anonymous, don´t play a public funded game.

It is a game. They played. They won.
Good for them. They sound like smart people that won´t squander it.

Not sure why the lottery had to divulge so much information about them.