After a guy bought lottery tickets during lunch, a predictable conversation took over the office. I usually opt out of these but I couldn’t escape it and now I’m curious how this community responds.
Scenario: lottery win nets $5M lump sum after taxes. Assume mid 40s, American dream (spouse, 2 kids, dog, $500k 4BR/3 house) in Atlanta/Charlotte/Nashville type market. Assume middle management career and good health .
- Do you retire from Corporate America, fully retire, or keep working? Why?
- where it got interesting was, how would you ensure the $5M would last? What would you do with it.
My answer was keep working and tell no one else about it. Boring, yes but I didn’t think $5M was enough. I could definitely make it work but my walk away number was higher for my idea of comfortable retirement.
So GT fandom, what say you???
Scenario: lottery win nets $5M lump sum after taxes. Assume mid 40s, American dream (spouse, 2 kids, dog, $500k 4BR/3 house) in Atlanta/Charlotte/Nashville type market. Assume middle management career and good health .
- Do you retire from Corporate America, fully retire, or keep working? Why?
- where it got interesting was, how would you ensure the $5M would last? What would you do with it.
My answer was keep working and tell no one else about it. Boring, yes but I didn’t think $5M was enough. I could definitely make it work but my walk away number was higher for my idea of comfortable retirement.
So GT fandom, what say you???
