- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Would you take $50 million tax free or $2 million/year tax free for life
Posted on 2/12/20 at 12:40 pm to TechDawg2007
Posted on 2/12/20 at 12:40 pm to TechDawg2007
$50 million up front tax free (or after taxes more likely) .... it's a no brainer for anyone over the age of 25.
1
Posted on 2/12/20 at 12:41 pm to TechDawg2007
Posted on 2/12/20 at 12:41 pm to TechDawg2007
take the 50, it isn't debatable
Posted on 2/12/20 at 12:42 pm to TechDawg2007
2 mill a year I’m 36
Posted on 2/12/20 at 12:42 pm to TechDawg2007
quote:
Would you take $50 million tax free
This isn't close
Posted on 2/12/20 at 12:42 pm to scrooster
quote:age has nothing to do with it. This is a no-brainer for anybody.
it's a no brainer for anyone over the age of 25.
Posted on 2/12/20 at 12:45 pm to Robertson coach
quote:1. Because if you invest the bulk of it, you will still come out ahead in the long run.
Never did understand lotto winners that took all $ up front (eat more and taxes and higher chance go broke)
2. Because if you die the day after you win without taking the lump sum, all that money you were going to get is gone.
Posted on 2/12/20 at 12:45 pm to Bayou_Tiger_225
Shiii I think I might take 50 over 5/year
Posted on 2/12/20 at 12:45 pm to TechDawg2007
Yes
Posted on 2/12/20 at 12:46 pm to TechDawg2007
If you don't take the 50 up front then you dumb. 50 million invested w/7% avg. return is 140 million in 15 years, 380 million in 30 years and almost 1.5 billion in 50 years.
Posted on 2/12/20 at 12:48 pm to RabidTiger
quote:I certainly agree on the $50mil, but could you give the same 15/30/50 calculations if you received/invested $2mil per year?
If you don't take the 50 up front then you dumb. 50 million invested w/7% avg. return is 140 million in 15 years, 380 million in 30 years and almost 1.5 billion in 50 years.
Posted on 2/12/20 at 12:51 pm to TechDawg2007
50! Plenty for generational wealth. Even with huge tax hit.
Posted on 2/12/20 at 12:53 pm to TechDawg2007
Easy, $50 million now.
Should be able to make more than $2 million per year using the $50 million. Just have to make at a maximum 4% annually investing. That's not factoring compounding interest.
If you only make 1% back on the $50 million you'll still have $70 million after 35 years.
Should be able to make more than $2 million per year using the $50 million. Just have to make at a maximum 4% annually investing. That's not factoring compounding interest.
If you only make 1% back on the $50 million you'll still have $70 million after 35 years.
Posted on 2/12/20 at 12:54 pm to shel311
2 million annual additions @7% is 15 years: 59 million, 30 years: 217 million, 50 years: 928 million.
However, that's not accounting for spending anything in the interim. If you are skimming off of the proceeds from 50 million to live it affects your outcome a lot less than taking it out of 2 million a year.
However, that's not accounting for spending anything in the interim. If you are skimming off of the proceeds from 50 million to live it affects your outcome a lot less than taking it out of 2 million a year.
Posted on 2/12/20 at 12:55 pm to TechDawg2007
2 mil/ year because I plan on Liv ng more than 25 more years. So I'll make more in the long run unless I die in some tragic way. In that case, I will have had a pretty kick arse life with 2 mil per year until my tragic death.
Posted on 2/12/20 at 12:55 pm to shel311
(no message)
This post was edited on 10/19/21 at 7:58 am
Posted on 2/12/20 at 12:55 pm to IAmNERD
(no message)
This post was edited on 10/19/21 at 7:58 am
Posted on 2/12/20 at 12:56 pm to TechDawg2007
$50MM
The time value of cash
The time value of cash
Posted on 2/12/20 at 12:56 pm to IAmNERD
quote:
2 mil/ year because I plan on Liv ng more than 25 more years.
Posted on 2/12/20 at 12:57 pm to RabidTiger
quote:good stuff, thanks.
2 million annual additions @7% is 15 years: 59 million, 30 years: 217 million, 50 years: 928 million.
However, that's not accounting for spending anything in the interim. If you are skimming off of the proceeds from 50 million to live it affects your outcome a lot less than taking it out of 2 million a year.
And the biggest of all, if/when you die, that all ends immediately. So you'd have to live nearly 15 years just to get to that $50mil mark to "break even"(and that's not even counting actually investing the $50mil for nearly 15 years) if you will to guarantee you get $50mil like you do on day 1 in the other scenario. That alone makes the lump sum worth, even if those #s you posted were completely opposite, I'd still $50mil for that reason.
This post was edited on 2/12/20 at 1:03 pm
Page 3 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News