MisterTambourineMan wrote:After paying off all debts I would invest 75% in stable mutual funds that over 20 years should triple in value while establishing a trust that wouldn't allow any potential future heirs to squander it, at least right away, then using most of the remainders to purchase real estate in developing communities that should only appreciate in time while leaving myself with enough liquid assets to live comfortably and maintain my current job.
That's an implied 5.65% annual return. Fairly reasonable IMO. Much more reasonable than pension funds assuming 7% every year. However remember that in 20 years inflation will eat away at that. If you assume 2% annual inflation (probably fair over 20 years even if a little high now) then a dollar will only be worth 2/3rds as much in 2037 than it is today. So you have 3x as much money but only 2x as much buying power. The moral of the story is that if you want to both manage money over your remaining life and make sure money-grubbing heirs don't get their filthy hands on it, you have to go the Leaving Las Vegas route and do a lot of hookers, booze, and blow to manage your bankroll and lifespan simultaneously.