suttersutterand wrote:
other than buying as many pairs of the 4%
Lets just say it's 3 million after taxes and on a lump sum payment (meaning your actual winnings was something like 8-10 million).
You could spend spend 90-120k per year and probably make it last the rest of your life (but there's always a possibility it won't as well). That seems like a lot to most people, but if you are really young (like many here), then it's not. 90-120k is middle class in most urban areas on the east and west coast. It's upper middle class to upper class in middle and rural America.
Still you'll be spending 2-3 times (or more) that amount by the time you are in your 60's or 70's. (assuming you are in your 20's or early 30's today). You need to get the money to grow at faster than the rate of inflation. Then you can live a middle class, non-working life the rest of your life.
Thoughts of Telsa's or exotic trips all over the world will be no different than any other middle class person. Sure you can do a few things now and then, but you'll have to sacrifice something.
In short, 3 million ain't what it used to be.