03-20-2014, 02:27 AM
0
The annuity works out to around $15 M a year after taxes.
If you take the first year and pay EVERY debt you have then take $5 M and invest it in a STABLE (but low interest) simple savings account you should have enough left after splurging on houses, vehicles and such that you could bum around the planet and not be broke till the next check arrives.
THEN put $10 M in the account and "live off of" $5 M a year for the next 5 years. You will have over $60 M in the bank at that point and could live off of just the interest if need be. If you continue this till you collect all of the annuities, you, your kids and unless somebody goes on a major crazy spending spree your decendants for many generations will be set.
Even if you give away a million each year you'll be good to go. When you do the philanthropy thing if you start it off as a fund it can grow on its own and sustain itself for a long time! Everybody wins!
If you take the first year and pay EVERY debt you have then take $5 M and invest it in a STABLE (but low interest) simple savings account you should have enough left after splurging on houses, vehicles and such that you could bum around the planet and not be broke till the next check arrives.
THEN put $10 M in the account and "live off of" $5 M a year for the next 5 years. You will have over $60 M in the bank at that point and could live off of just the interest if need be. If you continue this till you collect all of the annuities, you, your kids and unless somebody goes on a major crazy spending spree your decendants for many generations will be set.
Even if you give away a million each year you'll be good to go. When you do the philanthropy thing if you start it off as a fund it can grow on its own and sustain itself for a long time! Everybody wins!
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