Originally Posted by
solant
TY for the input everyone... I wont even have that much after uncle sam, and blood sucking lawyers ( and church).. prob closer to 4.5 - 5 also ty for the go fishing and relax input but with 2 family members and 2 children that's not enough at 38 to live the rest of my life (not that I need much) plus I couldn't have my grandfather look down on me and be a bump on a log. I am at least a yr off anyway so I will continue to research options.
4.5-5 million is not enough to live on? You need to certainly talk to someone a
LOT SMARTER than you.
4 million at 5% interest is $200,000.00 a year without ever touching the principal. If you had a financial planner, they could easily beat 5% with little to no risk. You can buy tax free bonds and make 3% with no risk at all.
I'm pretty sure I could find a nice house for $500,000.00 and live on 200k a year for the rest of my life pretty comfortably. I suspect you will be broke and bankrupt in a few short years.
Best of luck to you.
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