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A comment on Why do 70% of families lose their wealth in the 2nd generation? (2018). Parent comment

Re:Why do 70% of families lose their wealth in the 2nd gener... by sanj on Saturday January 08, 2022 @11:09AM (#29852963)
You lost an order of magnitude in your math: 4% of $10M is $400k.

There is $400k/year to spend per year.

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Re:Why do 70% of families lose their wealth in the 2nd gener... by iso1210 on Saturday January 08, 2022 @11:24AM (#29853121)
The 400k would have to be reinvested to grow the pot enough in 10 years to be able to split to 3 kids and have the same pot as before.
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