Not to mention $550k after tax doesn’t go all that far compared to 30 years ago. Would fund about 7 years of expenses at median household expenses. Unfortunately most these folks spend way, way more after winning this much.
“Not to mention $550k after tax doesn’t go all that far compared to 30 years ago.”
Paying off my house and paying for my children’s college expenses would still leave $200K to keep the bank account padded and the vacation fun going for several years!
I would otherwise continue working and saving for retirement!