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To a point. Some of that spending has to be in investments. Depending on the source, his net worth is between $12-$25 million. If he wanted to retire from the job, he would most likely negotiate a reduced buyout leaving him with millions being payed out over a period of years.
Not necessarily directed at you, Fungo, but most high earners became high earners because they love what they do. People who hate what they do, typically count down the days to taking their pension. Just food for thought.Yeah, start with $20M now and add another $30M after the buyout and he’s got $50M to play with. Even at a 4% withdrawal rate, he’s getting $2M per year. And not have to deal with Penn State fans? I think I’d find a way to get axed and then scrape by if I was in his shoes.
Not necessarily directed at you, Fungo, but most high earners became high earners because they love what they do. People who hate what they do, typically count down the days to taking their pension. Just food for thought.
Just sayin': It sure can, even Ferris Bueller knows that......USA Today: Three weeks ago, Penn State was ranked No. 2 in the country. Life comes at you fast. The Nittany Lions have lost three in a row and the vultures are circling.
Explain Herbstreit.He was about to get his ass fired 9 years ago and benefited from a similarly random lightning bolt of a blocked kick TD return that made him millions since.
Random variance giveth and random variance taketh away.
The less skill you have, the more random variance plays a role in your life.
Explain Herbstreit.![]()