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re: If you were given 5 million dollars tax free today, would you keep working?

Posted on 3/21/24 at 2:25 pm to
Posted by Stoic Poser
South LA
Member since Apr 2023
513 posts
Posted on 3/21/24 at 2:25 pm to
If you invested $5 million wisely, you could receive easily north of 250k a year just an interest.
Posted by LSU82BILL
Fort Lauderdale, FL
Member since Sep 2006
10414 posts
Posted on 3/21/24 at 3:15 pm to
quote:

If you invested $5 million wisely, you could receive easily north of 250k a year just an interest.


The average rate of return of stocks over the past 10 years is just above 10%. Over the last 30 years it's 12%. Anybody that can't find the discipline to retire on $500K-$600K a year deserves to work until the day they die.
This post was edited on 3/22/24 at 9:32 am
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