08-17-2018, 12:51 PM
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#11 (permalink)
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A True Z Fanatic
Join Date: Dec 2010
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Quote:
Originally Posted by FPenvy
nahhh see i have a different plan if i would even play let alone win the powerball.
i'd probably work another couple years let the interest build since you lose 30% off the top anyways. obviously i would instantly build the GTR but i'd try and hold off buying other stuff just for a little. |
30% my ***. You’d be lucky to get 55% of the total. There’s no reason to not spend some of it. Say you take home $100MM. I’d be done with my impulse spending before I ever hit $10MM. Therefore; you still have $90MM to sit and live off the interest. At a reasonable interest rate, say 3%, and taxes you’d have probably $2MM a year to live off of and never touch the rest of the money.
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