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<blockquote data-quote="Jetset" data-source="post: 1211369" data-attributes="member: 12687">On the more conservative side, suppose you take a 1/3 tax hit right off the bat, walk out with $400k CAD clean, that's about $300k USD. In the United States, you could stuff it all into a good high-yield muni bond fund and get $10k/year USD back out, free of federal income tax.For a 19-year-old, there'd be plenty there to put yourself through any state school you can get admitted to without taking out loans, and then max out your Roth IRA every year for your entire working life while re-investing some to at least partially offset inflation, all without ever touching the principal or giving the IRS any more of it.It's not instant financial freedom jetting off to Paris every weekend, but it's absolutely a life without worrying about money, if you're smart. It's the freedom to drive a car you love and take a job you don't hate, and to not have to tell your kids &quot;we can't&quot; when they want that special overpriced memory at Disney World.Aunt Resting Bitch Face is just going to squander it. If she was decent, she'd annuitize it and surprise her nephew with the other half when she croaked. It's a good chunk of change.</blockquote>

[QUOTE="Jetset, post: 1211369, member: 12687"] On the more conservative side, suppose you take a 1/3 tax hit right off the bat, walk out with $400k CAD clean, that's about $300k USD. In the United States, you could stuff it all into a good high-yield muni bond fund and get $10k/year USD back out, free of federal income tax. For a 19-year-old, there'd be plenty there to put yourself through any state school you can get admitted to without taking out loans, and then max out your Roth IRA every year for your entire working life while re-investing some to at least partially offset inflation, all without ever touching the principal or giving the IRS any more of it. It's not instant financial freedom jetting off to Paris every weekend, but it's absolutely a life without worrying about money, if you're smart. It's the freedom to drive a car you love and take a job you don't hate, and to not have to tell your kids "we can't" when they want that special overpriced memory at Disney World. Aunt Resting Bitch Face is just going to squander it. If she was decent, she'd annuitize it and surprise her nephew with the other half when she croaked. It's a good chunk of change. [/QUOTE]

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