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The magic number...

Published:

$40,000,000

that'show much you need in a CDARS to get 1,000,000 a year AFTER INTEREST TAXES.

THAT is the easiest income stream you can have.

My plan for if when I win the PB tonight and get that $91,000,000...

$50,000,000 CDARS account that never gets touched... will provide 1.3M a year to live off of.

$10,000,000 individual accounts for myself and the mrs. (that way I don't have to worry about the dreaded kybosh when I get my seaplane when my 10 yr old son turns 18)

$14,000,000 for each of 3 kids to be paid beginning at age 21

A) $1,000,000 "getting started" money

B)$700 a week disbursed to their checking accounts until age 60

C) A 100,000 IRA with an additional $100 a week contribution until they retire

will cost 4 mill and change for each child, but they will then be set for life, they can take a job they WANT. (wish I had that!)

the last 6M goes to pay off debts and buy that beach house!

 

Entry #176

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