|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Retirement Discussions / Retire Well on Less |
||
|
URL:
http://boards.fool.com/win-the-lotteryand-keep-working-28353846.aspx
|
||
| Subject: Win the lottery...and keep working? | Date: 3/7/2010 6:27 PM | |
| Author: XMFBuySellBelle | Number: 1351 of 1462 | |
|
I had a terrible epiphany the other night--if I won $4 million in the lottery tomorrow, I'd have to keep working. After taxes, that $4 million would become $2 million...and if I were to put all of it in an interest bearing account at today's measly rates (let's just say 2% for the sake of round numbers), that would get me $40,000 per year--not enough to support my partner and me now, let alone in 25 years post-inflation. I've never had a high-paying job but have always been very careful with my money, and I always thought that the cushion I've built up would ensure security later. But jeez, if $4 million doesn't even cut the mustard (and believe me, I don't have $4 million saved), how the heck does anyone ever retire?? |
||
| Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||