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Xenophage · 03-13-2005, 11:28 AM

for most people taking the $$ over time is better since 99% of them will blwo the lump sum in 5 years..

at least the over time they are forced to enjoy it for a lot more yers..

financially in an ideal world take the lump sum and put it in a very diversified portfolio and live off whatever comes in.. plus you have to save for inflation especially at age 22.. think how little the dollar will buy in 60 years.

at 10 mil cash in the bank.. you can make 200K a year or about 120K a year after tax or 10 K a month... I know a lot of people who spend 10K a month easy on just living life and I am not talking rock star life.. a 2 mil house will cost ya about 6K a month to live in..

03-13-2005, 11:28 AM
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	for most people taking the $$ over time is better since 99% of them will blwo the lump sum in 5 years.. at least the over time they are forced to enjoy it for a lot more yers.. financially in an ideal world take the lump sum and put it in a very diversified portfolio and live off whatever comes in.. plus you have to save for inflation especially at age 22.. think how little the dollar will buy in 60 years. at 10 mil cash in the bank.. you can make 200K a year or about 120K a year after tax or 10 K a month... I know a lot of people who spend 10K a month easy on just living life and I am not talking rock star life.. a 2 mil house will cost ya about 6K a month to live in..