What would you do with 40,000 dollars?

[faa2010]

What would you do with 40,000 dollars?

[perprocrastinate]

Put it in the bank and watch it grow.

[m1469]

Fund lessons/music education!!!  

[doctorblue]

Buy a full-size cherry-red Steinway Grand Piano 

[chopin2015]

Buy a full-size cherry-red Steinway Grand Piano 

steinway B or go to france for a little while, and Poland, say Hi to Chopin.

[Bob]

Invest it.

[rachmaninoff_forever]

Buy Valentina Lisitsa the most expensive flowers money can buy.

[Bob]

Buy Valentina Lisitsa the most expensive flowers money can buy.

They cost more than that.

https://www.arenaflowers.com/blog/2011/07/25/top-5-most-expensive-flowers-in-the-world/

[49410enrique]

hmm i've narrowed it down to these options
- spend it
-save it
-invest it
-give it away
-some combination of the above

it took a lot of thought but i whittled it down to these. if you'd like to know exactly, you can give me the 40K and i'll let you know what i do with it.

[mikeowski]

I'd buy this awesome yamaha grand I've seen which costs roughly around 40k (27k €). A real beauty and could easily compete with the steinways and bosendorfers there.

[unholeee]

apparently pay tax, and squander it... every year.

[Bob]

I was thinking that -- The government's going to step in and take their cut.  You don't really get $40,000. 

[49410enrique]

I was thinking that -- The government's going to step in and take their cut.  You don't really get $40,000. 

sorta lol. let's get boring.

let's say the 40K is a  beneficiary payout for something like say a life insurance policy.

warning thread killer.....
Under IRC Section 101(a), the beneficiary of a properly structured life insurance policy will generally receive the death proceeds income and gift tax-free. However, where the so-called “unholy trinity” exists, policy proceeds are subject to gift taxation.

The “unholy trinity” exists when three different parties are designated as the owner, the insured, and the beneficiary of a life insurance policy. Should the insured person die under those circumstances, the policy proceeds are considered to be a gift from the owner to the beneficiary.

okay revive time

 

[outin]

okay revive time

 

Shame on you! 

About 30000 euros? I would buy my little Estonia grand and the rest I would probably spend as usual (on vet bills, pizza, books and music).

[lloyd_cdb]

A few possibilities:

A) One long night at the strip club.
B) It's going on black.
C) Pay my bills, give the rest to charity.

I'm leaning towards B.