If I were to win $4 million in the lottery, how would I be able to make that last for the rest of my life?

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Posted by Luis Solorzano (MONEY FORUMS: 4, Answers: 0)
Asked on March 1, 2016 11:43 pm
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This is something I’ve spent a lot of time thinking about. I would recommend going with the pay out option that comes gradually over the course of your life. You pay less taxes and can’t blow it.

I hope you win!

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Posted by Hannah Gold (MONEY FORUMS: 6, Answers: 5)
Answered: March 11, 2016 6:04 pm
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Invest it wisely and only draw a small percentage out every year. If you were retirement age, I’d say 5%/year at most. I know you are much younger than that, so if you want it to last 50 years, no more than 2%/year.

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: March 8, 2016 5:47 pm