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Reply to "What would you do if you won $ 1 million in the lottery?"
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[quote=Anonymous]Disclaimer: I am 33, have >$100k in student loans (at about 3%) and >$450k in a mortgage (at 3.5%). Assuming $650k after taxes, I would take 10% for a baller family vacation. I'd take another 10% and divide it between my parents, brothers, and in-laws. Would be about $10k for each "unit". I'd take another 10% to give to three charities that I already like to support. I'd put the remaining $455k in my brokerage account not to touch. It wouldn't change my life in the sense that I'd still have to work, obviously. But it would relieve a lot of long-term financial pressures, and would probably set me up for an early retirement (at age ~50 or so), if that's what I wanted when I got to be that age.[/quote]
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