Discussion » Questions » Finance » Some wealthy, distant relative leaves you $100,000 per year to go into savings. After you make the first withdrawal, the deposits stop.
CallMeIshmael

Some wealthy, distant relative leaves you $100,000 per year to go into savings. After you make the first withdrawal, the deposits stop.

How long do you wait to start spending it?

Posted - June 16, 2019
Tags : None

Responses


  • 53529


      B...bu...but, but I don't want to live on a rural area, Baby!

    :(
      June 17, 2019 12:22 AM MDT
    2

  • It's the end of the road for us, then. You can keep the cheese knives with the little resin pigs. I'm just generous like that. 
      June 17, 2019 12:40 AM MDT
    2

  • 34466
    As long as possible. 
      June 16, 2019 11:20 AM MDT
    4

  • 14795
    I would lodge it in a bank as security and get loans out if I needed it and the $100,000 would be paid in defiantly I think....
      June 16, 2019 11:22 AM MDT
    4

  • 3523
    Clever girl. 
      June 17, 2019 7:00 PM MDT
    0

  • 46117
    Ten years.  If I was younger, I would wait much longer.  But, I need the ability to live long enough to at least pass it on in a will or maybe I'll just wait 5 years and retire from this rat race and move to India. yeah.  I'll do that.  Five.  
      June 16, 2019 11:52 AM MDT
    2

  • 10026
    I would absolutely LOVE to come visit you in India.  I don't know if I could live there but I would Adore seeing it.  May I invite myself?  Just for a short little visit?  I don't take up much room and I'll supply food for all and drink and will work, happily, if need be. :) This post was edited by Merlin at June 16, 2019 1:57 PM MDT
      June 16, 2019 12:40 PM MDT
    1

  • 46117
    Oh my God.  That would be too much to hope for.  SURE. YES. OF COURSE. PLEASE.  AND THANK YOU.

    Let's do.

    This post was edited by WM BARR . =ABSOLUTE TRASH at June 20, 2019 8:45 PM MDT
      June 16, 2019 12:52 PM MDT
    2

  • 10026
    If ever I had true Melin magic, we would be there in an instant!  You to stay and me to visit!
    Next life, for sure, we WILL do it!
    Happy! Happy! This post was edited by Merlin at June 16, 2019 7:16 PM MDT
      June 16, 2019 1:53 PM MDT
    1

  • 53529

      (If I was were younger . . . )
      June 17, 2019 12:57 AM MDT
    2

  • 3523
    Ah, see.  In this way I can get a rough idea of how old people on here are.
      June 17, 2019 7:01 PM MDT
    0

  • I'd shoot for 15-20 years and then I'd move off grid and live in a tiny home.
      June 16, 2019 12:00 PM MDT
    4

  • 10026
    The best way to do that might be to move out of the states.  You know, some guy got in trouble for trying recently in Alabama. (I think that was the state.  Don't quote me on that part, please.)
    They will find a way, somehow, to get cha.  If there isn't already a law, they will invent one, especially for you.  (squinting eyes and frowning...) This post was edited by Merlin at June 16, 2019 6:55 PM MDT
      June 16, 2019 12:35 PM MDT
    2

  • Yeah, from what I've learned, it seems New Zealand is very tiny-home friendly. The landscape is very diverse, from beautiful shorelines to big mountains, which is everything I love. It would be perfect for me :)
      June 16, 2019 12:42 PM MDT
    3

  • 17620
    11 years
      June 16, 2019 4:11 PM MDT
    2

  • 3523
    Do you think you could live comfortably for the rest of your life on 1.1 million? This post was edited by CallMeIshmael at June 17, 2019 5:33 AM MDT
      June 16, 2019 8:54 PM MDT
    3

  • 17620
    Yes.  I'm hardly destitute now; this is just jelly on the toast.

    Ha! This post was edited by Thriftymaid at June 17, 2019 7:26 AM MDT
      June 16, 2019 11:56 PM MDT
    3

  • 11114
    I would need to make a spreadsheet and calculate it with all the variables, like interest rates and my life expectancy.  But, the quick answer is: until I think of something I want to buy with it and then I would wait until I had the needed amount. 
      June 16, 2019 6:54 PM MDT
    7

  • 53529

      Gee, what a great plan, Sweetie. A nest egg like that would finance a perfect little hideaway for two, I love the way you think!  I can be packed in no time!

    ~






      June 16, 2019 7:16 PM MDT
    3

  • 17620
    Run, Forest, run!!!!........I mean Jane
      June 17, 2019 7:27 PM MDT
    2

  • 53529

       Shhhhh, it’s beginning to work, and then you come along and ruin everything. Bud out!

    ~
      June 17, 2019 9:16 PM MDT
    1

  • 3523
    No delayed gratification?????
      June 16, 2019 8:55 PM MDT
    2

  • 1893
    Probably never, I do not need the cash.  I would take the cue of using it as collateral for a loan if I ever got hard up
      June 17, 2019 7:59 PM MDT
    0