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re: Powerball Dream Thread. $485m annuity, $327m cash +/- $200m after taxes

Posted on 2/11/15 at 6:59 pm to
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
116237 posts
Posted on 2/11/15 at 6:59 pm to
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 by vl100butch
Ridgeland, MS
Member since Sep 2005
34714 posts
Posted on 2/11/15 at 7:09 pm to
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 by KG6
Member since Aug 2009
10920 posts
Posted on 2/11/15 at 7:10 pm to
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)
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