If I were Filthy Rich
By Early-Judgment-2895+125 Dreaming, if I win this week 264 million
So it looks like the payout option would be 132,000,000.
After let’s say 40% tax rough estimate that would be 79
79ish million.
I would keep 19 million as just do what I want and not worry about it cash.
That leaves 60 million for a money management firm to do their thing with and I can just be hands off with. So even assuming poor returns at 2% (realistically this would be higher) that would be 1.2 million a year, after taxes would be 722,000 a year or 60k a month.
That’s all, that is my plan to coast through life and just exist with no stress, no grand plans to do anything else but that’s all I want.
Recent responses
+75 @rtrawitzki https://www.usamega.com Good site for quick after taxes info But I’m sorry you can’t win . The jackpot has to rise much higher before I of course win lol.
+17 @some12345thing Good luck. I’d do something very similar. If money was suddenly not an issue I’d spend the rest of my life just traveling, relaxing, learning, making music, and helping my family and loved ones.
+16 @InternetExpertroll I would buy so many Reddit awards!!!!!
+16 @AdvocateReason Keep your $5. Wait for a $1B jackpot. I'll be waiting for a $2B jackpot before I play MegaMillions again.
+12 @MuttJunior That's pretty similar to my plan. One big difference would be I would give each of my 4 kids sizable gifts of cash, like for a jackpot this big, maybe $5 million each. And I would set up a trust fund for my grandchildren for when they grow up. Then I would buy a nice house (nothing too fancy, but better than the house I have now), a couple vehicles, again, nothing fancy, but nice, including a 1973 Plymouth Road Runner (my dream classic car). And I would do some traveling. The rest of the money I would, like you, invest to live off the interest and dividends.
+11 @Crit-Hit-KO One can only dream. Hope you win !
+11 @moby8403 The cash payout is 117.3 M. After federal taxes you'd have a bit under 74 M. Then even less after whatever your state taxes are.