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Money Makeovers
Introduction | Advice
Picture of Rob. "Being on the show was surreal. Mostly I felt like it was a golden opportunity to humiliate myself in front of millions of Americans."

Makeover Candidate: Rob Berman
His Job: Musician; currently pianist and assistant conductor in the Broadway production of "The Music Man"
Home: New York
His Income: Variable but steady
His Problem (you should be so lucky): He won $125,000 on "Who Wants to be a Millionaire" and it's earning just 2% in his savings account. He needs advice on how to invest it.

Picture of Regis Philben, host of "Who Wants to Be a Millionaire?"


Meet Rob Berman,
musician and game show contestant extraordinaire. 

He answered the following question correctly and won a chance to compete on ABC's "Who Wants to Be a Millionaire?":

Can you place the following four Bruce Willis movies in order from the earliest to the most recent?

(1) Blind Date (2) Death Becomes Her (3) The Sixth Sense (4) The Fifth Element

Not only did Rob know his Willis movies (1, 2, 4, 3), but he knew enough to win $125,000: by anyone's standards, a major windfall.

 


What to do with the winnings?
It's a question not everyone gets to ask, but the answer can help anyone decide how to invest.

A check for $125,000 arrived in the mail a week after the show aired. Where did it all go?

Tax to the Feds: $38,000

Tax to New York State:
$16,000

Party for his 30th 
birthday: $7,000 

What's left: $64,000

Rob: "My goals? I guess I'd like a bigger place to live one day. But the truth is that right now I'm content."

 

What Should He Do?

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