Re: $6M Gross - What Do You Do
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Leave LA for someplace with a far lower cost of living, invest the lump and cruise off of interest. Is the $6M before or after taxes?
A modest return of 6% on $6M would be $360k/annum.
I.e., don't get funky, just invest and live fine off the juice for the rest of your life.
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Exactly. $360K a year is more than enough for two people to live in a comfortable manner in a non-urban environment.
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Don't forget the tax burden. They're looking at about $3.5M in after-tax money.
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