Anonymous wrote:1-5 million: buy a nicer house with a shorter commute (go on my lottery dream home?). season tickets to the nats diamond club (some to use, some to donate to charity). Weekly cleaner and personal trainer, monthly massages. More travel. Earlier retirement. Help relatives and close friends with things like buying homes and college tuition.
$5-10 million: probably retire. unlikely to move closer to work, though I do like the neighborhood so maybe? More likely, buy a condo in our current neighborhood and fix it up because it would be easier to travel if we lived in a building with maintenance and front desk staff. Consider investing in real estate or businesses. Other stuff as above.
$10-99 million: definitely retire. Start a foundation and a real estate development company. Other stuff as above
$100 million+: Meet with the mayor and council to decide if I want to give DC a tax windfall by taking the money in a lump sum, or if I should spread it out. Get a really good financial planner. Other stuff as above.
In all cases, 10% to charity.
Yes. This.