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re: You inherit $5 million tax free, what changes?

Posted on 2/21/18 at 10:47 am to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48756 posts
Posted on 2/21/18 at 10:47 am to
I'd quit my job and live off of the interest.
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12452 posts
Posted on 2/21/18 at 11:21 am to
quote:

I'd quit my job and live off of the interest.


Pretty much this. At 2% per year that's 100K. I might buy a little real estate, something like a 500K rental complex just to diversify a little. With all the free time in the world now I'd probably be at the golf course everyday & traveling constantly.
Posted by Tempratt
WRMS Girls Soccer Team Kicks arse
Member since Oct 2013
13436 posts
Posted on 2/21/18 at 8:26 pm to
quote:

I'd quit my job and live off of the interest.


I heard Clark howard say one time that $4m would allow a life luxury.
Luxury is relative.
For me that would mean paying cash for a new truck if I stumbled across one I liked it whether I needed a new one or not.
Also buying a $100k home hifi and not worrying about the cost.
This post was edited on 2/21/18 at 8:29 pm
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