24 million windfall. Single. Early 30's. Parents alive, want to help them.
Be as specific as you want as to what sounds reasonable, or exactly what you would do.
Portfolio:
7M- VG total stock index
2m- VG Tax-Managed International
9m- low cost bond index tbd by state of residence
...That's it. No real estate, no exotics.
lifestyle approximates (reasonable? Risky? Flat-out dumb?):
2m- primary home
2m- charity to parents
500k- secured savings/checking acct
1m- little stuff you forgot (furniture, security items, estate planning attorney, accountant, etc.)
500k- toys; 2 vehicle, maybe a boat
Hope for 2.5 return net, expect 1.5. 450K a year in 2.5% year, tax free.
Sound unreasonable?
Be as specific as you want as to what sounds reasonable, or exactly what you would do.
Portfolio:
7M- VG total stock index
2m- VG Tax-Managed International
9m- low cost bond index tbd by state of residence
...That's it. No real estate, no exotics.
lifestyle approximates (reasonable? Risky? Flat-out dumb?):
2m- primary home
2m- charity to parents
500k- secured savings/checking acct
1m- little stuff you forgot (furniture, security items, estate planning attorney, accountant, etc.)
500k- toys; 2 vehicle, maybe a boat
Hope for 2.5 return net, expect 1.5. 450K a year in 2.5% year, tax free.
Sound unreasonable?
Last edited: