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electric_blue68

(25,781 posts)
17. At 72; lump sum....
Tue Dec 23, 2025, 01:09 AM
Dec 23

Tax lawyer, finance planner, security?

My younger (only sib) still works so I'd set her up. Money to some cousins, and friends. Maybe also specifically send them on vacations, too, especially my poorer friends.

Maaaybe buy a nice 4 bedroom apt overlooking Central Park, but low floor. My bedroom, 2 bedrooms for guests, 1 bedroom turned into an Art, and Crafting studio! 🥰 Lots of ordering from restaurants. Make salads, and sandwiches.

Buy Art and craft supplies I couldn't, or no longer afford. Buy sterling silver wire like I used for unique wire jewelry. Also yes 23k gold wire for same. A few rubies, boulder opals, Tahiti pearls to add in.
Maybe q bit of high end yarns - but I'm a slow yarn craftter so not much!
And a buy few fabulous outfits.m, and some wonderfully crafted jewelry. I've seen much great stuff at craft shows.

Revisit Paris, Puerto Rico, The Grand Cayon and stay over night this time. If I could figure out a way to get to Mounumeny Valley again, I would. Thus time stay in their hotel vs sleeping in a sleeping bags like my friend, and I did. Visit Hawaii! Maaaybe see The Pyramids. Athens, Greece, maybe Santorini, or a different island. Maybe visit my younger cousins in Switzerland who I saw when visiting their parents.

Amongst financial stuff set up with stock etc to generate more income, and distribution.
Because it's not just about me.
I have plenty of causes I'd want to donate to, maybe some annually setup reoccuring donations.

I think local food banks would be an immediate good start! I have a favorite liberal church I'd also donate to.

Disaster relief. Food aid, medical aid to some poor countries. Environment groups. Women's shelters. Habitat for Humanity (hi Jimmy, and Rosalyn!). Maybe Green Peace.
Aid to Ukraine.
It's good, and I'd feel good to help!

A girl can dream.

Recommendations

2 members have recommended this reply (displayed in chronological order):

The money you gift relatives is subject to a multigraincracker Dec 22 #1
The lifetime limit for tax-free gifts is $13.99 million per individual Abnredleg Dec 22 #8
To be safe, sit down with a good tax lawyer before doing anything. multigraincracker Dec 22 #9
the lottery is a corporation rampartd Dec 22 #2
The Powerball is a multi-state government enterprise Niagara Dec 22 #14
Lump sumalso... 2naSalit Dec 22 #3
I'm 78, so definitely the lump sum option... anciano Dec 22 #4
I would take the lump sum and give some doc03 Dec 22 #5
Lump sum. Raven123 Dec 22 #6
I'm 82, so it's a no-brainer Jilly_in_VA Dec 22 #7
at the ripe old age of 77 I would take the lump sum yellowdogintexas Dec 22 #10
Lump sum GreatGazoo Dec 22 #11
Lump sum Marthe48 Dec 22 #12
I think that I would take the annuity Niagara Dec 22 #13
Anyone remember this? Intractable Dec 22 #15
Lump sum. Iggo Dec 22 #16
At 72; lump sum.... electric_blue68 Dec 23 #17
I'm nearly 64. Morbius Dec 23 #18
I've already taken my lumps. True Dough Dec 23 #19
You're in luck, True Niagara Dec 23 #20
Imagine True Dough Dec 23 #21
I guess better than in peonies Niagara Dec 23 #22
Lump sum Give Peace A Chance Dec 24 #23
Lump sum. Borogove Dec 25 #24
howdi AllaN01Bear Dec 25 #25
How Much To Buy A Congressman? Deep State Witch Dec 25 #26
lump sum & leave the country RainCaster Dec 25 #27
Wine, women, and song,,,, and spend the rest foolishly. Norrrm Dec 25 #28
Lump sum. I have no idea if I'm going to live 30 more years sakabatou Dec 25 #29
Payments ._. Dec 25 #30
Lump sum vs annuity depends on a number of factors LogDog75 Dec 25 #33
i didn't know the had an annuity for $4 ret5hd Dec 25 #31
I'm 70. viva la Dec 25 #32
That is something I would never have to deal with. OldBaldy1701E Dec 26 #34
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