[jawn]

Originally Posted by strat61caster

I'll rephrase, you can live extremely comfortably on the annuity once it hits the hundreds of millions, and you're right, I'm not up on the tax details either, we'll leave it at that.

I find it hilarious to think that pocketing ~$20 mil every year will "net you nothing" ($1bil/30 years after 40% taxes).

I have no desire to manage hundreds of millions of dollars or multiple businesses, I'd rather pass a windfall of that level to other organizations dedicated to improving the world and take the small percentage of the kind of money we're talking about needed to take care of myself and keep me and my future heirs well taken care of with a sizable head start in life.





2% on a $10 mil investment would let you withdraw $200k per year in perpetuity, that hyperconservative figure is a fund gaining $16 mil per year, I'm sorry that level of money is just unnecessary imo.

Eh, call me small minded, roof over my head, food in my belly, fun cars to drive, time and money to travel. I don't need $100 mil to do that (and I'll continue doing it with far less).

I can't MAKE ERICA EAT AGAIN without amassing a massive war chest. JAWN 2024.