how much money would it take for you to be set for life?

Reply #25

s5thomps — Sun, 04 Feb 2007 18:47:10 GMT

That's a relative question, I would be happy with about 10 million after taxes. Any more than that and it attracts to much media attention. Whenever anyone wins a mega jackpot that is when all of the vultures come out and if you are not careful it can be more of a curse than a blessing. New Orleans Saints in 08. Go Peyton Manning and the Colts

Reply #24

Badger — Sun, 04 Feb 2007 18:07:31 GMT

One million pre-taxes. I'd still have some little part time gig for pocket cash. I think I'd have to be doing SOMETHING. I'm afraid I'm not someone who can just do nothing all day. SOmetimes I wish I was... I just don't want to feel like I HAVE to have a job to bring in money.

Reply #23

bobby jones — Sun, 04 Feb 2007 07:44:42 GMT

5 million after taxes would be more than enough for me to retire on and never work again.

i would get a nice home for about 300-400k and a new car for no more than 35,000.and put

the rest in the bank and watch the interest grow.

Reply #22

justxploring — Sun, 04 Feb 2007 07:16:47 GMT

For me it's almost impossible to say in one sentence. One never knows what will happen in the future, including a change in attitude/lifestyle. I don't spend much now and didn't when I made a good living. I just had a heck of lot more choices. $100,000 a year would be more than enough, especially if we are talking about after tax dollars. If I got it all at once, I'd probably ask for $2 million, buy a home and put the rest away. I'd help out friends and be charitable of course.

This questi... [ More ]

Reply #21

guesser — Sun, 04 Feb 2007 06:08:09 GMT

Kansas-Iowa-Nebraska-Missouri

Reply #20

grengrad — Sun, 04 Feb 2007 05:37:22 GMT

5.2M after taxes, would be enough to never have to work again. 1.2M given away as gifts to family, leaving 4M for me. Good investment planning, and no money wasted on stupid purchases.

The more the better though of course.

Reply #19

TheGameGrl — Sun, 04 Feb 2007 01:33:17 GMT

A minimum of after tax: 10 million.

And the kicker is...I wouldnt Quit my career choice! Id invest as a partner and be a contributing member of advancing some of the projects and growth.

The monetary is merely the fuel that allows for faster growth and expediency in research resolutions.

PS: I loved the ostrich joke

Reply #18

chippie — Sat, 03 Feb 2007 17:18:50 GMT

I could make due with 1 million

Reply #17

hypersoniq — Sat, 03 Feb 2007 16:42:52 GMT

$4,500,000 (the base lump sum value after-taxes of the powerball)

Since that's the only game I play and that's the least you can win (if a solo winner)

Actually I'd probably take the annuity on a base JP win... $325,000 a year for 30 years would maintain our lifestyle without the need to work for someone else. Besides, on the base jackpot, taking the cash means you give up $6,700,000

On a big jackpot where there is enough to put it away and live off the interest, then I'd take the cash... [ More ]

Reply #16

CA LotteryGuy — Wed, 31 Jan 2007 15:08:41 GMT

Guesser...what area of the country are you referring to

Reply #15

guesser — Wed, 31 Jan 2007 05:34:34 GMT

After taxes.

In this area of the country.

Myself and my wife.

$85,000/year times number of years of life expectancy, I will say 30 more years (which will be a REACH for me) = $3,060,000

-or-

$75,000/year times number of years of life expectency, 30 years, = $2,700,000

To be honest, the way we live, we can live quite fine on $60,000/year (30 x $60,000 - $2,160,000)

Health care and age doesn't mix well, though.

I'll stick with my 3 mill estimate.

I don't need a Ferrari,... [ More ]

Reply #14

mr twentyone — Wed, 31 Jan 2007 04:10:19 GMT

me , hey three million would do the job for me, after taxes if thats what im left with then im good, first i would give my mom one million, and me and my son could live quite comfortable with the rest, so that would make me just great, the problem is with money, is the more you have , the more things you wanna purchase, and thats where the problem is , if you keep life simple, you can still be happy ,i mean why buy a fiffty thousand doller rolex when a g-shock can do the same thing, tell time,... [ More ]

Reply #13

Guru101 — Wed, 31 Jan 2007 03:51:20 GMT

Probably about $5 Million. I actually don't have my mind set on being a millionaire though. I have my mind set on being a billionaire.

Reply #12

Elizabeth03 — Wed, 31 Jan 2007 03:10:06 GMT

For myself $1 million dollars or more to be well off. I could stop worrying about working for a living and relax more ,which I need to do. And do the things that I've always wanted to do but couldn't afford to.

Pay off bills for starters.

Reply #11

Coin Toss — Wed, 31 Jan 2007 03:08:00 GMT

Mrs Coin Toss says she wouldn't put a monetaryfigure on what it would take, but enough to handle emergencies with no strain, to take care of medical and dental things when you need to, and have no worries.

We both think this little story fits here like a glove, with a giggle thrown in at the end. Enjoy.

Two Wishes

A man walks up to the bar with an ostrich behind

him, and as he sits the bartender comes over, and

asks for their order. The man says, I'll have a beer

and turns... [ More ]

Reply #10

SirMetro — Wed, 31 Jan 2007 02:41:44 GMT

My ideal amount, after taxes would be $15,685,000

The first $12 million would be divided in 12 groups of stocks that insure approximately 4% to 6% annual pay out (roughly around $600,000 a year).

Approximately $1.5 million will be divided amongst 10 or so various charities.

It will take about $200,000 to clear up and settle all my current debt.

A prior post I noted earlier how I would make use of the remaining funds.

Reply #9

dphillips — Wed, 31 Jan 2007 02:25:50 GMT

For me, a $15 million lottery would suffice, after taxes, approximately $3-4 million. Quite frankly, I could live off the interest -- and never touching the principal. As one becomes older, a person has a tendency to 'downsize' by getting rid of the clutter and not competing with the neighbors next door.

Reply #8

tntea — Wed, 31 Jan 2007 01:55:21 GMT

I am ok, just as I am.. Got things in order.. however, sure would like the thrill of being able to pick my own Lotto 5 numbers.. All 5.. If I could get past the 3/5...

Still working and loving the challenge..

Reply #7

Coin Toss — Tue, 30 Jan 2007 22:58:45 GMT

I'd like to think that, too, but 20 years or sooner down the road $100,000 could be just making ends meet.

Reply #6

Pick3forSC — Tue, 30 Jan 2007 20:00:01 GMT

After taxes... $2.5 million takes care of me my heirs.

Reply #5

RJOh — Tue, 30 Jan 2007 19:52:21 GMT

Now that I'm older and retired with a little savings, I don't need as much as I would have needed when I was younger.

Reply #4

weshar75 — Tue, 30 Jan 2007 19:40:22 GMT

I think if I had 20 years of $100,000 a year that would be great. Of course more would be fine too.-weshar75

Reply #3

twisted — Tue, 30 Jan 2007 15:20:56 GMT

I'm assuming you are asking how much I would need AFTER TAXES for me to be set for life.

In all honesty I don't think I would need any more than $2 million after taxes for me to be set for life. All I want to do is live my life without having to worry too much about my financial condition. So as long as I invest it properly and don't spend mindlessly I think $2 million should keep me happy.

But on the other hand I have to consider the fact that I'm relatively young and I hope I have ma... [ More ]

Reply #2

kandi44 — Tue, 30 Jan 2007 14:49:33 GMT

1 million

Reply #1

tiggs95 — Tue, 30 Jan 2007 14:23:07 GMT

Once again a question where age comes in..In my case 1mil would do just fine....The older you get the lease you would need IMO.......

how much money would it take for you to be set for life?

LOTTOMIKE — Tue, 30 Jan 2007 12:37:58 GMT

how much money would it take for you to be set for life?

me i'd be happy with 10 million