With $70,000 income and a potential $1 million windfall, how do I set myself up financially for life?

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With $70,000 income and a potential $1 million windfall, how do I set myself up financially for life?

247wallst.com/personal-finance/2025/04/15/with-70000-income-and-a-potential-1-million-windfall-how-do-i-set-myself-up-financially-for-life

Key Points

A Reddit poster who is about to receive $1 million is trying to decide what to do with it.

He’s considering quitting work and living off $50K in annual income from the money at a 5% withdrawal rate.

This is a bad idea, and as other posters suggested, he…

This story appeared on 247wallst.com, 2025-04-15 17:35:57.