The Hidden Estate Tax Lesson in the $1.8 Billion Powerball
Big Picture Retirement®
Devin Carroll
4.7 • 545 Ratings
🗓️ 29 September 2025
⏱️ 24 minutes
🧾️ Download transcript
Summary
Winning the lottery may be rare, but estate tax mistakes aren't. In this episode, we use the recent $1.8 billion Powerball jackpot to highlight how generational wealth can be eroded by estate taxes and how tools like a BDIT can help protect growth assets. We'll also show why this strategy isn't just for lottery winners, but for anyone holding assets with explosive growth potential.
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
📍Contact Devin's team at https://carrolladvisory.co/podcast1
📍Contact John's team at https://www.rossandshoalmire.com/
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Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.6 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:13.9 | I'm your host, Devin, joined by my co-host, John Ross. |
| 0:17.3 | Howdy? |
| 0:18.1 | John, the, is it, mega millions or Powerball? I don't know. One of them got. John, the, is it mega millions or powerball? |
| 0:21.9 | I don't know. One of them got up to, was it, 1.7 billion? Yes, and 1.8, I think, maybe. |
| 0:28.7 | 1.8 billion. What? Do you know what kind of money that is? Right. Even when you factor in |
| 0:35.3 | that that that number is based on typically like a 20 or 30 year payout. |
| 0:40.6 | Right. |
| 0:41.0 | So you're going to get the present value. |
| 0:43.6 | For sure. |
| 0:44.1 | Of that. |
| 0:44.7 | I don't care. |
| 0:45.6 | Which, you know, call that half. |
| 0:47.4 | Yes. |
| 0:48.3 | So now we're down to what, 900 million. |
| 0:51.5 | I know. |
| 0:52.0 | And then you're going to lose 40% to taxes. Uh-huh. So, so call that, |
| 0:57.2 | you know, another, what, you know, 300 million, 400 million. So now you're, you're down to a |
| 1:03.6 | mere $500,000. Yes. Five, 600 million dollars. Right. Yes. I mean, what a life-changing amount of money? |
| 1:13.8 | Did anyone ever win it? |
... |
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