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Originally Posted by czarina
yep, I'd take the lump sum and go to my bank and get a custom interest rate. With that amount of money you can get about 4% even with the market being as horrible as it is right now. 4% of 1million is 40K a year, so with 15 or 20 Million in the bank you wouldn't even need to touch your money, Just live off the interest
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4% is pretty damn low for any sizable investment, hell I get over 4% now on any amount over a cent deposited now into the savings account with no term limits and no early withdraw fee's.
I however would dump all or most of it into insured individual municipal bonds and use the interest to fund higher risk investments.