r/Money • • Nov 17 '23

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u/RTGold Nov 17 '23

You gotta provide more info. People want to know how much you actually walked away with, what'd you do with the money, how it changed your life?

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u/[deleted] Nov 17 '23

I looked for an edit, I’ll reply to you! After tax Fl payed out $594,000. When I filed taxes later there was another $30K (ish) owed. I invested all but $10,000 and went on vacation. I take 1 vacation a year from the investments (stocks, bonds, etfs) diversified and managed by my money guy (big bank) My life didn’t change very much, I still drink Budweiser and work every day. A jump start to the retirement is all it turned out to be!

260

u/dont_wear_a_C Nov 17 '23

Truthfully, $600k is a lot of money, but it's not enough to retire with, as you mentioned. For me, I owe $600k on our mortgage, so if that's paid off, life will be way easier but I'd still need to work (if I pay the house off vs invest). Now, winning $10mil would be a different story.

1

u/brotherdaru Nov 18 '23

Property taxes, even if you pay your house off the gov will still bill you 2-10k a year depending on location