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electric_blue68

(27,030 posts)
17. At 72; lump sum....
Tue Dec 23, 2025, 02:09 AM
Dec 2025

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 2025 #1
The lifetime limit for tax-free gifts is $13.99 million per individual Abnredleg Dec 2025 #8
To be safe, sit down with a good tax lawyer before doing anything. multigraincracker Dec 2025 #9
the lottery is a corporation rampartd Dec 2025 #2
The Powerball is a multi-state government enterprise Niagara Dec 2025 #14
Lump sumalso... 2naSalit Dec 2025 #3
I'm 78, so definitely the lump sum option... anciano Dec 2025 #4
I would take the lump sum and give some doc03 Dec 2025 #5
Lump sum. Raven123 Dec 2025 #6
I'm 82, so it's a no-brainer Jilly_in_VA Dec 2025 #7
at the ripe old age of 77 I would take the lump sum yellowdogintexas Dec 2025 #10
Lump sum GreatGazoo Dec 2025 #11
Lump sum Marthe48 Dec 2025 #12
I think that I would take the annuity Niagara Dec 2025 #13
Anyone remember this? Intractable Dec 2025 #15
Lump sum. Iggo Dec 2025 #16
At 72; lump sum.... electric_blue68 Dec 2025 #17
I'm nearly 64. Morbius Dec 2025 #18
I've already taken my lumps. True Dough Dec 2025 #19
You're in luck, True Niagara Dec 2025 #20
Imagine True Dough Dec 2025 #21
I guess better than in peonies Niagara Dec 2025 #22
Lump sum Give Peace A Chance Dec 2025 #23
Lump sum. Borogove Dec 2025 #24
howdi AllaN01Bear Dec 2025 #25
How Much To Buy A Congressman? Deep State Witch Dec 2025 #26
lump sum & leave the country RainCaster Dec 2025 #27
Wine, women, and song,,,, and spend the rest foolishly. Norrrm Dec 2025 #28
Lump sum. I have no idea if I'm going to live 30 more years sakabatou Dec 2025 #29
Payments ._. Dec 2025 #30
Lump sum vs annuity depends on a number of factors LogDog75 Dec 2025 #33
i didn't know the had an annuity for $4 ret5hd Dec 2025 #31
I'm 70. viva la Dec 2025 #32
That is something I would never have to deal with. OldBaldy1701E Dec 2025 #34
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