Reply to What would you consider a large trust fund?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]5M - you can live off the interest[/quote]
If you're over 55 and have near zero expenses, maybe. [/quote]

C'mon you can make a couple hundred thousand in income from 5 mill.[/quote]

No you can't, at least not if you plan on living off it forever (ie, invest it fairly conservatively).
I know from experience.[/quote]

Just because you couldn't figure out how to generate a 4% annual return, doesn't mean it's not possible.  In fact, it's pretty easy even in today's low interest environment.   The 5 second method?  Close your eyes, put all $5M in VWLUX, and enjoy your low risk, tax-free, growth and distributions.

[/quote]

Thanks, very helpful.
:roll:
- pp

Not that I'm complaining AT ALL (although losing my parents young wasn't a picnic), and FWIW I do consider myself "rich" (though you wouldn't know it to look at me), but $5m inherited in your mid thirties is not, in my opinion, enough to live on forever with no additional income (obviously depending on lifestyle - of course one COULD live on it).  Responses in this thread indicate that people agree with me.  My brother and I both continue to work (he inherited the same amount).  [/quote]

We're in our mid to late 40s with four million, and need another 1 to 2 million, plus all college expenses paid, before we can comfortably retire so you are right.[/quote]

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