[quote=AN]Take $3.5M, then subtract ~53% for taxes. You can then round down to the nearest hundred thousand to for fees/penalties/etc. I’m guessing $1.5-1.6M? If you invest $1.5M lump sum in a long term CD making say 3% over 20 years, you’ll have ~$2.7M after 20 years. That sounds better than $2.1M if you take the monthly cash payment. Increase that rate to just 4% gets you $3.2M after 20 years. Still very conservative estimate for a 20 years average, IMHO. Considering ~7-8 years ago, you can find CDs in the 6-7% range.[/quote]

Hate to quibble over a few percentage points, but on 3.5 million, 1% is a lot of money. It wont be 53%. Probably no more than high 40’s.

And more likely than not, no significant income taxes would be due until April 15th next year. There are safe harbors that would eliminate the need to pay huge quarterly estimates this year.