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re: If you were given 5 million dollars tax free today, would you keep working?
Posted on 3/21/24 at 3:05 pm to Thundercles
Posted on 3/21/24 at 3:05 pm to Thundercles
Quit and probably be dead in 3 weeks
0
Posted on 3/21/24 at 3:07 pm to Thundercles
Would 100% retire.
Spend $500k on a new house and vehicle
Live off the interest of the remaining $4.5 million. I figure 5% is pretty reasonable. $225k per year (even pre-tax) goes a long way when you don't have a mortgage or car payment.
Spend $500k on a new house and vehicle
Live off the interest of the remaining $4.5 million. I figure 5% is pretty reasonable. $225k per year (even pre-tax) goes a long way when you don't have a mortgage or car payment.
Posted on 3/21/24 at 3:08 pm to Thundercles
Not my current job. But I’d likely try to buy into being a silent partner in a local successful business if possible. Maybe a few
Posted on 3/21/24 at 3:10 pm to Thundercles
Yes, because I'm believe I'm doing what I'm meant to do.
Posted on 3/21/24 at 3:11 pm to AUstar
That is $220,000 a year in basic interest for the rest of your life. I could find ways to make a few dollars and have ins. not to have to deal with the corporate bs anymore.
This post was edited on 3/21/24 at 3:12 pm
Posted on 3/21/24 at 3:11 pm to Thundercles
Nope, and I'll take the biggest dump on my HR desk.
Posted on 3/21/24 at 3:14 pm to Thundercles
quote:
If you were given 5 million dollars tax free today, would you keep working?
Well of course. 5 million would not last long for an OT balla.
Posted on 3/21/24 at 3:15 pm to Thundercles
5 million TAX FREE? Hell yeah I would. I mean if I add that to what I've already saved I'd have 5 million!
Posted on 3/21/24 at 3:15 pm to Stoic Poser
quote:
If you invested $5 million wisely, you could receive easily north of 250k a year just an interest.
The average rate of return of stocks over the past 10 years is just above 10%. Over the last 30 years it's 12%. Anybody that can't find the discipline to retire on $500K-$600K a year deserves to work until the day they die.
This post was edited on 3/22/24 at 9:32 am
Posted on 3/21/24 at 3:15 pm to Thundercles
The responses in this thread are clear indicators why reparations are a bad thing.
This post was edited on 3/21/24 at 3:17 pm
Posted on 3/21/24 at 3:16 pm to Thundercles
No
Posted on 3/21/24 at 3:16 pm to Thundercles
frick yes. I wouldn't even tell anyone I was leaving. Irish goodbye.
Posted on 3/21/24 at 3:19 pm to terriblegreen
I would not continue what I am doing. I would buy some property I have been considering buying and create a new revenue stream for the nieces/nephews/and grandchildren.
Posted on 3/21/24 at 3:20 pm to Thundercles
Yes
Posted on 3/21/24 at 3:22 pm to Thundercles
are kidding....hell no
Posted on 3/21/24 at 3:23 pm to LSU82BILL
Preach on
Posted on 3/21/24 at 3:23 pm to Veritas
quote:
would you keep working?
Yes, but would care less.
this
Posted on 3/21/24 at 3:25 pm to Thundercles
I’d take a long vacation. Probably travel around with no plans. Then, when I got tired of that, I’d work on building a homestead with some cattle.
Posted on 3/21/24 at 3:25 pm to Thundercles
I'd put every penny of that 5 million in a Roth IRA and keep working until I'm 65 so I can afford all of my toys.
-The OT
-The OT
Posted on 3/21/24 at 3:25 pm to Thundercles
Cut back to a 4 day week.
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