Comment by edm0nd
8 days ago
I'd gladly take such a payout.
Split 2 ways, that is still 300k.
Parked in an investment at 5% a year, that's an easy +$15,000/year for the rest of your life.
8 days ago
I'd gladly take such a payout.
Split 2 ways, that is still 300k.
Parked in an investment at 5% a year, that's an easy +$15,000/year for the rest of your life.
Once the lawyers take their cut, you could probably split a ham sandwich between the two of you.
Don't forget Uncle Sam's cut as well
Compensatory damages aren't taxable income.
2 replies →
Which investment is that?
There are plenty of stocks, REITs, or ETFs that offer such returns.
Me, personally, I'd dump it into $O aka Realty Income or JEPI or JEPQ.
If you are risk adverse, just park it in VOO or SCHD.
World stock index funds yield something like that
Are you actually Michael from the channel?
How much did they spend on lawyers?
I would guess this would be a contingency case, which would typically be 40%.
What about the criminal lawyers that they needed when they charged with crimes? Did they get any money?