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Bentria · Guest

$8.55 million minus 35% in taxes = $5,557,500At a measly 2% savings rate (could be more or less depending on your investment vehicle---savings accounts, bonds, CDs, etc.), you would earn $111,150 in taxable interest at around 28%. (Actually isn't capital gains lower? That's why the rich get richer.)That leaves you with approximately $80,000. If you're smart, you'll put back as much as you can into the principle, but let's leave $50,000 behind for an after-tax paycheck which is a comfortable middle class income for doing NO work and having no dependents. Take a portion of that $50,000 and put it into a retirement fund with an aggressive diversified portfolio and by the time you retire, you actually have more money than you started.Given the history of most young instant winners, I expect a follow up story that states he wasted it all.
And what intent would that be, @Peanut?

Soberekon · Guest

“Always relevant because it is not irrelevant.

Mollie · Guest

"as a lady". Yeah right. This is Digg. Nice try dude..
I believe you have more than 2 choices other than 100% or 0% trust!

Puthalat · Guest

Weird conspiracy theory to follow, what if the government knows there is an asteroid headed our way, and it's gonna hit, so suddenly we get to have drugs legalized, like 4 months before it happens.?
If I can't find it with Google, it doesn't exist. I even Google my own sites.

Eunive · Guest