hnoes2:
divits;n99110 said:Lattimore will collect a tax free insurance payout of $1.7 million dollars. If I were his financial advisor I would recommend that he invest every cent in a relatively safe investment mix of tax free and corporate bonds and a few high yield blue chip stocks where he can make a conservative 5% interest per year. He should not touch it and let it grow with compounding interest until he's around 35. He should take the job at USCe that I'm (totally) guessing will pay him around $60-70,000/year to start. Not bad money for a 23 year old without a college degree. Provided he does well there and is able to stay on track making that kind of money with cost of living raises we will be making around $100,000 when he hits 35. At that time he can start collecting just the interest on the money he's saved which will total around $3 million. His combination of interest income and earned income will total a respectable $250,000/year plus he will have $3 million in the bank plus any other money he should have socked away in a retirement account.
(Unfortunately, he'll be broke and handing out basketballs at a local rec center 5 years from now.)
divits;n99110 said:Lattimore will collect a tax free insurance payout of $1.7 million dollars. If I were his financial advisor I would recommend that he invest every cent in a relatively safe investment mix of tax free and corporate bonds and a few high yield blue chip stocks where he can make a conservative 5% interest per year. He should not touch it and let it grow with compounding interest until he's around 35. He should take the job at USCe that I'm (totally) guessing will pay him around $60-70,000/year to start. Not bad money for a 23 year old without a college degree. Provided he does well there and is able to stay on track making that kind of money with cost of living raises we will be making around $100,000 when he hits 35. At that time he can start collecting just the interest on the money he's saved which will total around $3 million. His combination of interest income and earned income will total a respectable $250,000/year plus he will have $3 million in the bank plus any other money he should have socked away in a retirement account.
(Unfortunately, he'll be broke and handing out basketballs at a local rec center 5 years from now.)
divits;n99110 said:Lattimore will collect a tax free insurance payout of $1.7 million dollars. If I were his financial advisor I would recommend that he invest every cent in a relatively safe investment mix of tax free and corporate bonds and a few high yield blue chip stocks where he can make a conservative 5% interest per year. He should not touch it and let it grow with compounding interest until he's around 35. He should take the job at USCe that I'm (totally) guessing will pay him around $60-70,000/year to start. Not bad money for a 23 year old without a college degree. Provided he does well there and is able to stay on track making that kind of money with cost of living raises we will be making around $100,000 when he hits 35. At that time he can start collecting just the interest on the money he's saved which will total around $3 million. His combination of interest income and earned income will total a respectable $250,000/year plus he will have $3 million in the bank plus any other money he should have socked away in a retirement account.
(Unfortunately, he'll be broke and handing out basketballs at a local rec center 5 years from now.)
t-gator;n99212 said:
KCgator;n99098 said:
