Greetings 
,
I'm developing a character who lives off of the proceeds of some kind of large cash intake (a lottery win, insurance payoff, court settlement, big criminal score, whatever). He would have it set up in income producing investments and draw from the interest, on a plan that would allow for growth of the capitol to provide reasonable cost of living increases for the rest of his life. Income should be enough to live reasonably comfortably but without a lot of extras, in SE Pennsylvania, USA. It should also be structured in such a way that it can be low profile, as he would want to keep his income and it's source as confidential as possible without breaking the law. He would use a personal buisness to explain how he lives.
Problem is, I know little about money (having rarely had much ;-) ) and even less about big money. Can anyone give me some ideas on how much would be needed in the initial gain and how it might rationally be structured to produce the desired result?
Thanks,
,I'm developing a character who lives off of the proceeds of some kind of large cash intake (a lottery win, insurance payoff, court settlement, big criminal score, whatever). He would have it set up in income producing investments and draw from the interest, on a plan that would allow for growth of the capitol to provide reasonable cost of living increases for the rest of his life. Income should be enough to live reasonably comfortably but without a lot of extras, in SE Pennsylvania, USA. It should also be structured in such a way that it can be low profile, as he would want to keep his income and it's source as confidential as possible without breaking the law. He would use a personal buisness to explain how he lives.
Problem is, I know little about money (having rarely had much ;-) ) and even less about big money. Can anyone give me some ideas on how much would be needed in the initial gain and how it might rationally be structured to produce the desired result?
Thanks,
