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re: Powerball Dream Thread. $485m annuity, $327m cash +/- $200m after taxes
Posted on 2/11/15 at 7:10 pm to glassman
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)
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