FANOFJESUS
Thinks s/he gets paid by the post
I would invest in short term tax exempt bonds paying about 3.2%. Any better ideas out there? Would there be a need to move to a tax free state or would tax exempt bonds slove that problem?
I would invest in short term tax exempt bonds paying about 3.2%. Any better ideas out there? Would there be a need to move to a tax free state or would tax exempt bonds slove that problem?
Tax exempt sounds good. With all that money it would be easy to set up your primary residence in an income tax free State. Don't know how AMT might figure in here though. I think the type of muni you buy.
I'll tell you how to invest your millions if you give me 10%...
Have I got a sweet annuity for you.
Aren't those large lottery wins paid out over 20 years?
So a 10,000,000 win would actually be $500,000 per year less taxes you'd have to figure out how to live & invest on.
Heck, I'd probably just max out my IRA's for the year & blow the rest on travel & fun.
When it runs out in 20 years I'd live off the IRA's.
Zero coupons, in honor of the greatest guru of all time, Suze Orman.......
I'm not crazy about state finances these days so I'm not sure I'd want to trust my $10MM to the muni's. I'd go with TIPs and pay the taxes. Maybe a little fun money in equities.
do you adopt?I would invest in short term tax exempt bonds paying about 3.2%. Any better ideas out there? Would there be a need to move to a tax free state or would tax exempt bonds slove that problem?