Re: $6M Gross - What Do You Do
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I live in LA and am married. I'm bound to LA for the immediate future for family reasons. Figuring $3.5 - $4 million after taxes, I buy a nice house in the Oaks for cash, invest 3/4 of what's left, and keep the remainder ($100,000 or so) for fun money. Then it's back to work.
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This line is similar to the one taken by alot of my friends (who don't want to leave LA), which, of course, doesn't really leave you with enough to retire on.
-Al
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