Scoring a Windfall of Money

[Cock Throppled]

I am about to dissolve one of my assets and walk away with about $2.5 million after taxes, fees and commissions.

I plan to set up and fund a charity with about $500,000.

I also think I'll put about $1 million into annuities for some steady income. I have no desire to manage the money in stocks or even mutual funds or buy property, so what would be the best option for planting $1 million plus?

Decent plan or not?

Any suggestions?

 

[Cock Throppled]

I'm over 50. I have about another $1.5 in assets I can draw on. I also have no desire or need for life insurance.

 

[sevenofnine]

in all honesty i would just spend it,
or give it away to charity or a little of both.

save your self some so you will always have a roof over your head and food,

but if i had your money i would just blow a big hunk of it. on stupid shit, sps travel whatever,

then i would set up some charity and work for charity, live a simple life but settle down and just volunteer and donate my time and money to charity.


that is what i plan on doing when im done with this hobby, i won't have any big amount of money, but my time and what ever resourses i have i hope to just pudder around live a very simple life, but volunteer somewhere.

i always wanted to volunteer in a hospice, or help some physically handicapped people
people with emotional issues i just don't get don't understand

but its not really fucking fair how we treat physically handicapped people i would spend a big chunk of money on them,

and then i find it sad how people die, so alone and afraid,
i would find a hospice and do volunteer work

thats just me.

 

[Karl Blues]

Good for you and well done!

I know you don't like stocks, but there are blue chip companies like major Cdn banks and Proctor & Gamble that pay dividends. Secure companies with good returns.

 

[lantzman]

Well, I will say you obviously know more about money than hockey. lol

I will also say, well done.

 

[mistressfreyja]

If I were in your shoes, I would love to go and volunteer my money, time, and skills in a less fortunate country. You could help set-up infrastructure, and watch what a difference your life can have on others.

The Foundation idea sounds interesting. I know I would want to be on the front-lines to make sure policies were being properly implemented and to lend a hand of all sorts.

I am about to dissolve one of my assets and walk away with about $2.5 million after taxes, fees and commissions.

I plan to set up and fund a charity with about $500,000.

I also think I'll put about $1 million into annuities for some steady income. I have no desire to manage the money in stocks or even mutual funds or buy property, so what would be the best option for planting $1 million plus?

Decent plan or not?

Any suggestions?