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In reply to the discussion: Mega Millions is up to 400 million dollars! [View all]jmowreader
(50,557 posts)35. Set up ten different accounts for insurance purposes
Sadly, in today's economic climate there's no guarantee anything will be there your whole life. If you diversify, you're much safer.
It's also easier when it comes time to liquidate your estate upon your and your spouse's death: instead of willing part of your stash to Harvard, part to Planned Parenthood and part to your child, you will the content of each account, in toto, to a different beneficiary.
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With that much money ... having someone make hot cocoa for me would be nice.
In_The_Wind
Dec 2013
#30
I would set aside some of the money for myself to live on for the rest of my life.
IrishEyes
Dec 2013
#19
First things first: put $20 million into accounts that will disgorge, say, $2500/week
jmowreader
Dec 2013
#31