miguelmartino
Dryer sheet wannabe
- Joined
- Mar 17, 2019
- Messages
- 19
if someone who has no state pension or 401k (ira) late in life either wins the lottery assuming they cash out all at once or they have some rich uncle who has like one billion dollars stashed somewhere like in some bank or something but told them that they can only have the money when that rich uncle dies which would mean that maybe the money wouldnt be theirs until like 50-65 years of age, how could they use only part of the money to live off of it for the remainder of their life? could they live off that money if they got their hands on it but only late in life? if they either won the lottery or some inheritance but late in life, how could they put some of that money to use for retirement? could they live off of it if they got it in their possession but late in life or not as retirement money? how could they put like 50% at most of that money for retirement if they acquired it but late in life? savings or cds accounts? what if they dont live in the united states but in some third world country instead? what kind of financial advisor would be able to help them out in a case like this assuming it was close to one billion dollars? acquiring this much money but late in life, what options would they have to using at best half of it for retirement if at all so they can enjoy their old age rather than working anymore? can someone please help me? thank you.