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re: Westwego Policeman-Michael Louviere

Posted on 1/25/17 at 8:48 am to
Posted by Tiger Ryno
#WoF
Member since Feb 2007
108716 posts
Posted on 1/25/17 at 8:48 am to
Yeah 300k is like 6 years of a 50k salary. Mere peanuts compared to what it costs to raise and educate those kids
Posted by slackster
Houston
Member since Mar 2009
91871 posts
Posted on 1/25/17 at 8:50 am to
quote:

For the cop bashers watch it twice.


No need for this. This guy is one of the good ones and it's an absolute tragedy that he's gone.
Posted by slackster
Houston
Member since Mar 2009
91871 posts
Posted on 1/25/17 at 9:06 am to
quote:

Do you have any clue how much it cost to raise kids. He had I believe two young kids. Now, one of the parents who was probably the main breadwinner is gone and his income. That amount won't come close to trying to keep those kids the same as before.


It could be a reasonable amount when you figure in benefits they'll have like his social security income until they're 18 and perhaps his pension and life insurance. You can stretch $300k for 22 years at 5% using monthly withdrawals of $1870.
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