I was watching an interview with some fool that won a load in the lottery. They asked if he did anything dumb with the money and he said no. So they asked him why he owned five 2009 Ford F-150 pick up trucks. He said it wasn't a waste of money because they were different colors. Needless to say, he was one of those who ended up broke.

2% of 27M is 540K. Easily enough to live on.

At simple interest, 2% of 27M is 540K. The problem is that these people who win aren't financially savy, or they wouldn't have played in the first place, so they didn't invest. They just spent.

You would accept the money slowly so the taxes would be minimal. You would take a portion of the money every year like annuity and you would end up getting more money by taking it over the course of the rest of your lifetime.

first thing you do is see a fee-only financial planner to work out a plan for you to follow so that you don't blow it. then you follow that advice. part of the investment will be in dividend paying stocks.

Maybe in a fixed annuity?

How? - However they want. At least they are stimulating the economy.

How do people squander there wealth?

Ok just read about a guy who won the lottery and flushed 27 million dollars down the drain, Now my question is how does one invest that type of money? What would 2 % interest on something like 27 million dollars be in a year? ( only ask because that should be more than sufficient to live on for a single male without ever needing to touch the principle).