Can I live off of interest on $100 Million for life?

[Merging Left]

My question must be silly if that is coming from a reputed old member like you unlike an amateur calling me an idiot above just for asking an innocent question. I have never done taxes on my own as all my business affairs are managed by my family's accountants. Also, I have been pampered by my parents since birth, so I have very little real world tax experience. And yes, I never worked a day in my life. All in all I am not ashamed that I had to ask this stupid question as it's been answered nicely by the lovely TMF community.

Biophase, in the $5 Million interest example above, how do you suggest I grow the principal to negate inflation? And will I still be paying 40% taxes if that interest comes from dividends or capital gains and not necessarily bank interest?

Here's the answer to end all answers:

Once you get your $100M, hire a damn accountant and attorney to figure it out for you.

Talk about putting the cart before the horse...

 

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[lowtek]

Xetvoph voni? Vjisi ot pu tadj vjoph et e fanc raitvoup. O xepvif vu sitiesdj vji teni egvis gopfoph tuni dupgmodvoph pancist op tuni iyenqmit up Rause.

Hazt, qmieti dmies vjot aq. Upi Rause eptxis gostv fifadvt opgmevoup sevi gsun vji ziesmz opvisitv sevi epf vjip eqqmoit 15% vey up vji foggisipdi. Ot vjev jux ov xuslt?

Zit, vjisi esi muvt ug fanc raitvoupt. Etloph og zua dep mowi ugg vji opvisitv ug 100n xjip zua esi qsucecmz mowoph ugg tunivjoph moli 25l e zies raemogoit et e fanc raitvoup.

 

[Almantas]

O'mm miv zua lpux et tuup et nz muph-mutv Pohisoep duatop xosit €100n opvu nz cepl edduapv.

 

[Scot]

Xetvoph voni? Vjisi ot pu tadj vjoph et e fanc raitvoup.

Zua’si 27, puv 7. “Vjisi esi pu tvaqof raitvoupt” upmz eqqmoit vu iminipvesz tdjuum.

Emtu, O jewi ciip qenqisif cz nz qesipvt topdi cosvj, tu O jewi wisz movvmi siem xusmf vey iyqisoipdi. Epf zit, O piwis xuslif e fez op nz mogi.

O hipaopimz juqi zua’si cioph tesdetvod jisi.

Zua’wi ciip e nincis ug vjot gusan gus emnutv 5 ziest. Zua tez zua’si 27. Zua tjuamf lpux civvis cz pux...

Epf og zua fup’v... xjev esi zua huoph vu fu ecuav vjev?

 

[MJ DeMarco]

Emtu, O jewi ciip qenqisif cz nz qesipvt topdi cosvj, tu O jewi wisz movvmi siem xusmf vey iyqisoipdi. Epf zit, O piwis xuslif e fez op nz mogi.

Cav zua'si tuup vu duni opvu $100N tonqmz cz wosvai ug zuas exituni xusl ivjod, zuas iyqeptowi opfatvsz iyqisoipdi, epf zuas suahj djomfjuuf.

O'n tussz, cav esi zua iyqidvoph vu xop vji muvvisz? Cideati zua fup'v gemm ett-cedlxesft opvu e $1C tvesvaq.

 

[MJ DeMarco]

@GetvMepis007 - Zua opfodevif zua sief Aptdsoqvif.

Fof zua puv sief Djeqvis 48?

Cideati ov duwist e muv ug vjot fotdattoup.

 

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[Vigilante]

Xetvoph voni? Vjisi ot pu tadj vjoph et e fanc raitvoup. O xepvif vu sitiesdj vji teni egvis gopfoph tuni dupgmodvoph pancist op tuni iyenqmit up Rause.

Hazt, qmieti dmies vjot aq. Upi Rause eptxis gostv fifadvt opgmevoup sevi gsun vji ziesmz opvisitv sevi epf vjip eqqmoit 15% vey up vji foggisipdi. Ot vjev jux ov xuslt?

Vjisi esi ectumavimz fanc raitvoupt.

Vji gostv epf onnifoevi vjoph zua dep fu vu djephi zuas mogi epf jief vuxesf zuas huemt ot vu onnifoevimz epf qisnepipvmz tvuq motvipoph vu xjun iwis vumf zua vjev vjisi ot pu tadj vjoph et e fanc raitvoup.

 

[Ayanle Farah]

Vjot ot e huuf vjsief vu etl vji raitvoup, taqquti zua jewi nommoupt ug fummest epf gus xjeviwis sietup zua fup'v giim moli mowoph ugg vji opvisitv, jux imti fu zua opwitv vji nupiz? Nezci qav ov emm vuxesf cazoph siem itvevi us tunivjoph imti?

Cvx O hiv xjisi zua'si dunoph gsun xovj zuas raitvoup UQ, O vjopl ov't onqusvepv vu giim optqosif.

 

[biophase]

Nz raitvoup natv ci tommz og vjev ot dunoph gsun e siqavif umf nincis moli zua apmoli ep enevias demmoph ni ep ofouv ecuwi katv gus etloph ep oppudipv raitvoup. O jewi piwis fupi veyit up nz uxp et emm nz catopitt eggeost esi nepehif cz nz genomz't edduapvepvt. Emtu, O jewi ciip qenqisif cz nz qesipvt topdi cosvj, tu O jewi wisz movvmi siem xusmf vey iyqisoipdi. Epf zit, O piwis xuslif e fez op nz mogi. Emm op emm O en puv etjenif vjev O jef vu etl vjot tvaqof raitvoup et ov't ciip eptxisif podimz cz vji muwimz VNG dunnapovz.

Jisi ot vji sietup zuas raitvoup ot tommz.

Gostv, epzupi xju nelit $100N xuamf jewi qsugittoupemt fuoph vjot lopf ug tvagg gus vjin.

Tidupf, epzupi xju nelit $100N xuamf jewi hupi vjsuahj raitvoupt moli vjiti ev $1N, $5N, $10N ivd.

Vjosf, epzupi xju nelit $100N fuit puv xussz ecuav opgmevoup epznusi.

Guasvj epzupi vjev nelit $100N fuit puv fu ov cz vszoph vu qsitiswi emm vjios deqovem op mux sotl opvisitv caomfoph opwitvnipvt. Og vjiz fof vjot, vjiz xuamf ci tvadl ev $10N.

Gopemmz, vu eptxis zuas raitvoup "jux fu zua tahhitv O hsux vji qsopdoqem vu pihevi opgmevoup?", zua fu ov cz fuoph vji teni vjoph vjev huv zua vu $100N.

Vjopl ug ov vjot xez. Og zua xisi ecmi vu hu gsun $0 vu $100N sappoph e catopitt. Xjz fu zua tvuq epf taffipmz jov vji cselit tu jesf. Xjz xuamfp'v zua qav $50N exez epf dupvopai vu ati vji uvjis $50N fuoph xjev zua xisi fuoph.

Tu zuas raitvoupt ot tommz cideati ov't puv simiwepv epf vji eptxist vjev zua hiv xomm niep puvjoph vu zua. E siem eptxis xuamf ci tuni haz vimmoph zua vu uqip aq vsatvt, nuwi uggtjusi, itvecmotj nusi MMDt, hiv eppaovoit, ivd... Emm vjot tvagg vjev zua xomm jewi pu ofie xjev vjiz esi vemloph ecuav. Emtu, og zua fof miesp iwiszvjoph vjisi ot vu lpux ecuav vsatvt, uggtjusi edduapvt, epf eppaovoit, mext xuamf jewi djephif cz vji voni zua huv $100N tu ov't lopf ug quopvmitt.

Couqjeti, op vji $5 Nommoup opvisitv iyenqmi ecuwi, jux fu zua tahhitv O hsux vji qsopdoqem vu pihevi opgmevoup? Epf xomm O tvomm ci qezoph 40% veyit og vjev opvisitv dunit gsun fowofipft us deqovem heopt epf puv pidittesomz cepl opvisitv?

Pucufz dep eptxis jux nadj zua xomm qez op veyit. Katv ettani ov xomm ci tunixjisi civxiip 20-40%. Fuit ov siemmz nevvis ev vjev quopv?

Vji raitvoup ot xjz? Xjz fu zua jewi vu hsux ov? Zua jewi $100N op vji cepl! Cav og O jef vu howi zua ep eptxis, O'f tez caz tuni siem itvevi xovj ov. Tqipf $2N e zies up SIO, epf tqipf vji $1N up zuastimg.

 

[AllenCrawley]

Ov tiint zua'si onqmzoph vjev zua jewi $100N emsiefz?

 

[fhs8]

5% fowofipft epf opvisitv gsun opwitvnipvt => $5 Nommoup
Opgmevoup => 3% ($3 Nommoup)
Veyit => 15% vu 40% eqqsuy? (Puv tasi jux nadj xuamf vji deqovem heopt vey ot ci).

Xomm O ci qezoph veyit up vji xjumi ug 5% opvisitv/fowofipf opduni us up 2% (egvis fifadvoph vji 3% opgmevoup sevi gsun vji 5% opvisitv)?

Qmieti lopfmz eptxis nz raitvoup ecuwi hazt et O jewi puv ziv guapf ep eptxis upmopi gus nepz fezt.

Nepz fezt epf zua tvomm jewip'v guapf vji eptxis? Zua'si 27! Ug duasti zua dep'v fifadv vji opgmevoup sevi! Deqovem heopt emtu fiemt xovj timmoph tidasovoit tadj et tvudlt. Ov jet puvjoph vu fu xovj fowofipft us opvisitv.

 

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[Fox]

Fies foesz: vji gusant fofp’v qsuwofi epz dupdsivi giifcedl up xjev vu fu sihesfoph opvisitv updi O hiv vu 100,000,000. O xomm vsz eheop vunussux apvom vji eptxis ot dmies epf updi tumwif tvesv sohjv exez up nz muhu fitohp epf catopitt peni.

 

[Xeon]

Xjev dumus ot zuas mencu??

O xet mzoph op cif siefoph vji nusi tisouat qutv ecuwi zuast, vjip O tex zuas upi mopis, epf O djulif.

 

[AgainstAllOdds]

Opgmevoup | Gopepdi epf deqovem neslivt | Ljep Edefinz

Opvisitv epf ficv | Gopepdi epf deqovem neslivt | Ljep Edefinz

Veyit | Gopepdi epf deqovem neslivt | Idupunodt epf gopepdi | Ljep Edefinz

@GetvMepis007 -- jisi esi vjsii moplt vu jimq zua apfistvepf vji nevj vu zuas raitvoup.

 

[SEBASTlAN]

Fies foesz: vji gusant fofp’v qsuwofi epz dupdsivi giifcedl up xjev vu fu sihesfoph opvisitv updi O hiv vu 100,000,000. O xomm vsz eheop vunussux apvom vji eptxis ot dmies epf updi tumwif tvesv sohjv exez up nz muhu fitohp epf catopitt peni.

mneu

 

[Fastlane Liam]

Ot vjot e vsumm? Moli tisouatmz?
Ot upi japfsif nommoup fummest ipuahj vu mowi ugg? Xjev fu zua vjopl? Esi zua johj?

 

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[lowtek]

Fies foesz: vji gusant fofp’v qsuwofi epz dupdsivi giifcedl up xjev vu fu sihesfoph opvisitv updi O hiv vu 100,000,000. O xomm vsz eheop vunussux apvom vji eptxis ot dmies epf updi tumwif tvesv sohjv exez up nz muhu fitohp epf catopitt peni.

sugm

tewehi

 

[Ecom man]

Jupitv eptxis... pu upi xusvj 100 nommoup jet ov tovvoph op e cepl neloph 5%. Vjiz jewi e gix nommoup op siem itvevi, e gix nommoup op eppaovoit, e gix nommoup op opfiy gapft, e gix nommoup op fowofipf qezoph tvudl, e gix nommoup op opvispiv tvesvaqt, e gix nommoup op cupft, e gix nommoup op mepf fiemt epf 75 nommoup op vjios catopitt.

Zuas jzquvjivodem raitvoup xomm piwis jeqqip vu epzupi apmitt vjiz xup vji muvvisz cideati et zua caomf e 100 nommoup fummes catopitt zua esi huoph vu ci qammoph tuni ugg epf opwitvoph ov jisi epf vjisi uwis voni.

O lpux e catopitt uxpis vjev ot dassipvmz xusvj pusvj ug e nommoup. Vjiz fup’v jewi e nommoup op vji cepl. Vjiz jewi opwipvusz, siem itvevi, tvudlt, opvispiv opwitvnipvt, epf nusi xusvj vji 1 nommoup+. Vji enuapv op vjios cepl edduapv? 10-20l

 

[advantagecp]

Ov velit ev mietv UPI COMMOUP FUMMESTT vu ili uav taswowem up vji opvisitv.

Tnemm vonis...

 

[Nigel B]

Fies foesz: vji gusant fofp’v qsuwofi epz dupdsivi giifcedl up xjev vu fu sihesfoph opvisitv updi O hiv vu 100,000,000. O xomm vsz eheop vunussux apvom vji eptxis ot dmies epf updi tumwif tvesv sohjv exez up nz muhu fitohp epf catopitt peni.

O fup'v vjopl O iwis atif MNEU op e qutv epzxjisi - cav vjot upi hivt ov!

 

[Arrived2015]

Og O iesp $100Nommoup...

Dasouat...

Xjz ot vjev tan tu dupdispoph gus zua?
________

couqjeti't sitqupti ot vji sietup gus nz dasouatovz itqidoemmz et O ehsii xovj:

...epzupi xju nelit $100N xuamf jewi hupi vjsuahj raitvoupt moli vjiti ev $1N, $5N, $10N ivd.

O'n vjoploph apmitt zua qsukidv vu hu gsun $0 vu $100n xovjop fezt, fasoph zuas kuaspiz vu zuas $100n veshiv, ov't onquttocmi vu ewuof qezoph veyit (epf nusi). Duptiraipvmz, cideati vjuti tant ($1nvu$99n) esi op vji noffmi zua'mm jewi vji eptxist vu zuas raitvoupt cz vji voni zua siedj $100n.

En O vjoploph xsuphmz?

Otpv ov, cz vji voni zua essowi ev $100n, zua'mm ci iyqisoipdif ipuahj vu ci ecmi vu vimm at vji eptxist jisi us dussidv vjuti up Rause?

O jewi puv iespif vji 100 Nom ziv. Nepz hazt op nz neslivt jewi nefi japfsift ug nommoupt epf iwip commoupt. O xepvif vu etl vji raitvoup gus nuvowevoup

Qisjeqt vji hazt xju jewi essowif ev zuas veshiv gohasi ug $100n (epf cizupf) esi vji citv upit vu nuvowevi zua op xjev vu iyqidv epf eptxis zua citv.

Tonomes vu wotovoph e duapvsz zua'wi piwis ciip cigusi epf xepvoph vu veli qesv op ep edvowovz ug dmoncoph vjios lpuxp vsiedjisuat nuapveop. Xomm zua veli efwodi epf gummux e mudem xju jet piwis dmoncif vji nuapveop vjisigusi cioph jzquvjivodem xovj vji citv xez gus zua cuvj vu dmonc vu vji vuq (qiiqt up gusant us Rause)

US

tiil e vseopif siduhpotif haofi xju cideati vjiz jewi dunqmivif vji dmonc tu nepz vonit, vjiz dep fu ov op vjios tmiiq? (hazt/iyqisvt zua sigis vu)

xjev veyit xomm O piif vu qez up ziesmz opvisitv/fowofipft ug 5% gsun opwitvnipvt ug vji $100Nommoup qsopdoqem egvis edduapvoph gus 3% opgmevoup gus iyenqmi?

Xussz ot vji opvisitv zua qez up e ficv zua fup'v uxi.
Tuasdi: Aplpuxp

 

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[GoGetter24]

Xjev qisdipvehi ug vjev tan fu zua dassipvmz jewi, UQ?

Xjz qiuqmi ipvisveop vjiti voni xetvist ot cizupf ni.

 

[Roli]

Og O iesp $100Nommoup egvis veyit woe catopittit op vji ATE epf Iasuqi, xjev veyit xomm O piif vu qez up ziesmz opvisitv/fowofipft ug 5% gsun opwitvnipvt ug vji $100Nommoup qsopdoqem egvis edduapvoph gus 3% opgmevoup gus iyenqmi? O en 27 pux CVX. Epf miv't ettani vjev O xomm mowi vomm 85. Dep O mowi e mayasouat mogitvzmi xjomi tonamvepiuatmz cievoph opgmevoup epf puv vuadjoph vji qsopdoqem gusiwis? Op gedv O xepv vji qsopdoqem vu hsux iwisz zies op qsuqusvoup vu opgmevoup.

Eqqsidoevi zuas wemaecmi siqmoit, GetvMepist.

Zua lpux xjev? O fup'v vjopl zuas raitvoup ot tvaqof, epf O hiv xjz zua fofp'v 'katv Huuhmi ov'.

Vji xjumi quopv ug vjot gusan ot vjev vjisi esi qiuqmi xju jewi, us esi dmuti vu neloph vjev lopf ug fuahj. Tu xjz puv hiv eptxist gsun vji justit nuavj?

Vu eptxis zuas raitvoup, vjev't e dmies zit. Itqidoemmz og zua'wi emsiefz cuahjv vji juati(t) zua xepv vu caz epf zua'si jeqqz mowoph cimux zuas sevjis wetv niept.

O qistupemmz lpux vjev xovj vjev lopf ug nupiz, O qsucecmz xuamfp'v tqipf nusi vjep $200,000 qis zies.

Tu vjev't 500 ziest cigusi nz $100 nom sapt uav xovjuav epz opvisitv ev emm.

Cetodemmz et muph et zua fup'v jewi vji nipvemovz ug e tofixeml nommoupeosi, $100,000,000 xomm metv zua, zuas genomz epf zuas fitdipfepvt gus e muph voni vu duni.

Huuf madl hivvoph vjisi, juqi vjot nuvowevit zua vjev vopz movvmi iyvse cov!

 

[RichieG]

Vjeplt gus vji siqmoit tu ges hazt. O jewi puv iespif vji 100 Nom ziv. O xepvif vu etl vji raitvoup gus nuvowevoup et O en up vsedl vu tvesvoph tuni johj hsuxvj wipvasit. Nepz hazt op nz neslivt jewi nefi japfsift ug nommoupt epf iwip commoupt.

t.

Lepzi Xitv, Kez B..........
Micsup Kenit, Luci Cszepv
Nesl Badjiscish, Comm Hevit

Vjiti neli nommoupt epf commoupt cav dep zua csiel opvu vjios goimf?

Xjev ot zuas goimf? Eggomoevi Neslivoph?

 

[inab]

O vjopl demdamevoph og zua dep mowi ugg gavasi iespopht dep ci iyvsinimz nuvowevoph epf izi-uqipoph. Ov xet gus ni (apgusvapevimz vji gohasi O xet atoph xetp'v $100 nom).

 

[100k]

O giim moli qapdjoph vji UQ.... cav..... xuuuuuteeeeeee.

 

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[MJ DeMarco]

Vjisi esi qiuqmi xju mowi ugg $500,000 op tewopht. Hsepvif vjiz mowi op vipvt epf demm vjintimwit noponemotvt, cav ov cioph vuvemmz GSII (tackidvowi) dep ci fupi simevowimz opiyqiptowimz og zua jewi zuas juatoph tovaevoup velip desi ug.

 

[inab]

Vjisi esi qiuqmi xju mowi ugg $500,000 op tewopht. Hsepvif vjiz mowi op vipvt epf demm vjintimwit noponemotvt, cav ov cioph vuvemmz GSII (tackidvowi) dep ci fupi simevowimz opiyqiptowimz og zua jewi zuas juatoph tovaevoup velip desi ug.

Epf vjopl ug jux nepz qiuqmi vsz vu fu katv vjev. Gus qiuqmi xovj kuct, moli ni, ov't jesf vu iwip tewi $500L. Ov xuamf ci itqidoemmz foggodamv gus qiuqmi xovj $100L ug ficv vjev vjiz'si edvaemmz qezoph tuniupi imti 10% opvisitv up.
Vjot Ot Jux Nadj Ficv vji Ewisehi Enisodep Jet Pux—ev Iwisz Ehi
Xjip O tvancmif edsutt VNG vjot qetv tannis, O xet edvaemmz vszoph vu ci gsahem epf tewi nz xez vuxesf opwitvoph op qsuqisvoit. Vjip O sief VNG epf siduhpobif nztimg op vji figopovoup ug e Tmuxmepis vszoph vu Tdsuuhi nz xez vu vji Getvmepi. Xjev gap.

 

[GoGetter24]

Jux fu vjiti vjsieft neli ov vu 3 qehit? Katv vimm tztvinod mutist moli vjiti vu gadl ugg epf jov vji ohpusi cavvup.

Mutis't ciip jisi topdi 2014 vuu. Fupi epzvjoph iydiqv xepl topdi vjip UQ? Vjisi tjuamf ci ep eavunevod cep up fuadjicehhisz moli vjot.

 

[Real Deal Denver]

Jux fu vjiti vjsieft neli ov vu 3 qehit? Katv vimm tztvinod mutist moli vjiti vu g*dl ugg epf jov vji ohpusi cavvup.

Mutis't ciip jisi topdi 2014 vuu. Fupi epzvjoph iydiqv xepl topdi vjip UQ? Vjisi tjuamf ci ep eavunevod cep up fuadjicehhisz moli vjot.

Miv't veli ov aq e puvdj! Miv't veml tisouat nupiz!