- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Powerball Dream Thread. $485m annuity, $327m cash +/- $200m after taxes
Posted on 2/11/15 at 6:50 pm to Sentrius
Posted on 2/11/15 at 6:50 pm to Sentrius
I thought about it this morning on the drive to work when it came on the radio. I didn't even think about the things I would buy. I just started thinking about the money you would make off of interest. With roughly $200MM after taxes, you could pull a $200k per year salary off of just 0.1% interest! You can get that in a regular savings (not that you can put that much in one) account without even trying to invest. If you get a semi competent financial advisor and make the average 7% return, its like $14MM per year. I wouldn't give a dime of that principal to anyone. I would be VERY generous with the money that's made off of it though. If you right away start handing out a million here and a few million there, etc. you're killing the future money you can make. You can help out your family and charity for the next 2 or 3 generations if you play your cards right.
2
Posted on 2/11/15 at 6:51 pm to udtiger
I won't be winning cause they told me I couldn't buy a ticket with a credit card. I don't carry cash
Posted on 2/11/15 at 6:52 pm to KG6
quote:
With roughly $200MM after taxes, you could pull a $200k per year salary off of just 0.1% interest
ding ding ding.......
Posted on 2/11/15 at 6:55 pm to KG6
Or you could invest the whole thing in muni bonds and make about $8MM a year tax free. frick da gubmint
Posted on 2/11/15 at 6:58 pm to udtiger
Buy back the beach house my family sold last year
then do whatever I wanted
then do whatever I wanted
Posted on 2/11/15 at 6:59 pm to Thib-a-doe Tiger
quote:
Or you could invest the whole thing in muni bonds and make about $8MM a year tax free. frick da gubmint
Yep. A staggered portfolio of ETM munis is the way to go.
Posted on 2/11/15 at 7:09 pm to glassman
quote:
Yep. A staggered portfolio of ETM munis is the way to go.
that's a great idea...
but the mischief you can get up to with that kind of money!!!!!
personally, first would pay off everything I owe...set up trusts for family...
Posted on 2/11/15 at 7:10 pm to glassman
I don't know $hit about investing, but I know that it would only take about 400k-500k per year for me to live pretty damn lavishly for my taste and it isn't that hard to make with $200MM to invest. If I could make $8MM per year, I could be giving $7MM to family and charity for the next 70 years. I might look like an a-hole at first, but over time, it's more selfless than giving half of it away right when I get it. No church needs $50MM, and each of you relatives doesn't need a few mil, if you can give them $200k+ for the rest of their lives. The reason lottery winners end up broke is they don't think that way. Make the money your source of income, not a pile of cash to spend. Just make sure you build enough to cover the inheritance tax and you can keep it going forever (theoretically)
Posted on 2/11/15 at 7:16 pm to udtiger
It would be a miserable life for a while.
1. Hire about 4 body guards that will have to constantly throw people off my property that have come to beg for money.
2. Buy about 100 prepaid cell phones so I didn't have to field 100 calls a day from people begging for money.
3. Hire a fence company to put up a 15' privacy fence around my property until I had my new home built on 500+ acres.
4. Begin looking for the smartest ways to invest about 150 million that I would intend on never touching.
Enjoy life.
1. Hire about 4 body guards that will have to constantly throw people off my property that have come to beg for money.
2. Buy about 100 prepaid cell phones so I didn't have to field 100 calls a day from people begging for money.
3. Hire a fence company to put up a 15' privacy fence around my property until I had my new home built on 500+ acres.
4. Begin looking for the smartest ways to invest about 150 million that I would intend on never touching.
Enjoy life.
Posted on 2/11/15 at 7:19 pm to MrLarson
Close to what I would do. Half in Muni bonds for tax free income, half in the market for growth. Keep about 50m to buy all my properties and then just live off interest
Posted on 2/11/15 at 7:25 pm to Thib-a-doe Tiger
337 million cash option.
39.6 federal tax 5% state tax
After taxes you get $187 million
As other have mentioned.. Munis are the way to go. With $187 million you are already rich you just want to stay that way.
39.6 federal tax 5% state tax
After taxes you get $187 million
As other have mentioned.. Munis are the way to go. With $187 million you are already rich you just want to stay that way.
Posted on 2/11/15 at 7:26 pm to udtiger
quote:
what are you gonna do?
There's only one good answer to this:
Whatever the frick I want to
That and two chicks at the same time
Posted on 2/11/15 at 7:28 pm to udtiger
I'm gonna win 
Posted on 2/11/15 at 7:29 pm to udtiger
What time is the drawing tonihbt?
Posted on 2/11/15 at 7:30 pm to yellowfin
I'll buy you one, sir.
Posted on 2/11/15 at 7:30 pm to HurricaneDunc
quote:
Whatever the frick I want to
This 100%
People talking about going back to school to get degrees
With 200,000,000.00 in the bank, schools ask you to come speak to the students, not be one.
Posted on 2/11/15 at 7:35 pm to udtiger
1. Establish a trust generating ~$12 million or so a year income for me, in perpetuity.
2. Live on $12 million or so a year (probably less).
3. Leave $200 million (probably much more) to my kids.
2. Live on $12 million or so a year (probably less).
3. Leave $200 million (probably much more) to my kids.
Posted on 2/11/15 at 7:41 pm to MrLarson
quote:
quote: Whatever the frick I want to This 100% People talking about going back to school to get degrees With 200,000,000.00 in the bank, schools ask you to come speak to the students, not be one.
Exactly
These lottery threads are always funny. You get to see all the replies from people who are one of two things:
1) trying way too hard to seem mature and smart with their "investments" based off their current lifestyle and income
2) Too stupid to realize how much money $200 Million in cash really is
It's hilarious reading all the ones who say they will go back or finish school then get a job or that their lifestyle won't change
You don't know what it will be like because you've never had $200 Mil in the bank, but I'll guarantee you it won't be the same lifestyle you're living now ETA: For comparisons sake, Leonardo DiCaprio has a net worth of around $220 million... But yea, you have almost that in cash but you're life wouldn't change much
This post was edited on 2/11/15 at 7:48 pm
Posted on 2/11/15 at 7:44 pm to jg8623
Investing to make more money is dumb? Good luck being poor the rest of your life
Posted on 2/11/15 at 7:46 pm to Thib-a-doe Tiger
quote:
Investing to make more money is dumb? Good luck being poor the rest of your life
Where in my post did I say that???
I was talking about people saying their lives wouldn't change
Page 5 of 12
Popular
Back to top
Follow TigerDroppings for LSU Football News