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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.
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
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