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Started By
Message
re: $324 million California Lottery winner steps forward
Posted on 1/3/14 at 5:55 pm to TampaBayTiger
Posted on 1/3/14 at 5:55 pm to TampaBayTiger
quote:
Especially those that think they can live off the principal for the rest of their life.
I am thinking somewhere north of $100MM after taxes might be the exception to that rule of thumb...
Just saying even a 2.5% after tax ROI has him very comfortable.
0
Posted on 1/3/14 at 6:09 pm to Pilot Tiger
I would have opted for annuities. Over 100mil in cash pretty much requires that you hire people to manage the money. Annuities ensure that you live extremely comfortably over your entire life and you can easily manage the payments yourself.
Also if you are irresponsible with finances, it doesn't really matter because you'll get paid each year.
Also if you are irresponsible with finances, it doesn't really matter because you'll get paid each year.
This post was edited on 1/3/14 at 6:10 pm
Posted on 1/3/14 at 7:20 pm to Delirium
quote:
Over 100mil in cash pretty much requires that you hire people to manage the money.
Like someone else mentioned, if all he did was buy municipal bonds paying 2%, his cashflow would be ridiculous.
Posted on 1/3/14 at 7:22 pm to stendulkar
I would quit my job too.
Posted on 1/3/14 at 7:27 pm to stendulkar
this doesn't happen to white celebs often, but black actors and athletes go BROKE. They get family they never knew they had and they fund their entourage, cousins crazy business idea, and a all kinds of shite.
Posted on 1/3/14 at 7:42 pm to Jazzbass13
quote:
this doesn't happen to white celebs often, but black actors and athletes go BROKE. They get family they never knew they had and they fund their entourage, cousins crazy business idea, and a all kinds of shite.
Sheeeeee... My entourage would be like fity deep. LT don't forget where he came from.
And I'd be smart wit my money. I'd have a chain of car washes and wing joints.
Posted on 1/3/14 at 7:43 pm to Big Scrub TX
quote:
ike someone else mentioned, if all he did was buy municipal bonds paying 2%, his cashflow would be ridiculous.
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