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re: Would you take $50 million tax free or $2 million/year tax free for life
Posted on 2/12/20 at 2:19 pm to udtiger
Posted on 2/12/20 at 2:19 pm to udtiger
quote:
In other words, how many of you believe you will live more than 25 more years from today?
We assuming the folks who get 50 are stuffing it in a mattress, correct?
0
Posted on 2/12/20 at 2:22 pm to udtiger
(no message)
This post was edited on 10/19/21 at 7:56 am
Posted on 2/12/20 at 2:22 pm to TechDawg2007
Gimme the $50 million up front - I want to live hard and die young
Posted on 2/12/20 at 2:23 pm to TechDawg2007
Lump
Posted on 2/12/20 at 2:26 pm to Tonio
quote:
The answer is 2 million. Do I want my count of a sister in law or wife’s new boy toy enjoying it if I die 2 years in? frick that. It gets dolled out for only me to enjoy.
Wut?
Have you heard of a will, or a trust? With a trust you set up your estate exactly how you want it while you are still alive. It's better than a will and you won't have to worry about any jerks trying to get their grubby hands on your estate after you die.
Posted on 2/12/20 at 2:27 pm to TechDawg2007
50 million since I'm older but if young, 2 million for sure.
Posted on 2/12/20 at 2:29 pm to rd280z
(no message)
This post was edited on 10/19/21 at 7:56 am
Posted on 2/12/20 at 2:31 pm to lsutiger2010
I want to get all of these folks in a classroom and explain how money works, but I honestly don't know if it would make a difference.
Posted on 2/12/20 at 2:37 pm to LafTiger
What does capital gains turn that into?
Posted on 2/12/20 at 2:38 pm to RabidTiger
quote:
I want to get all of these folks in a classroom and explain how money works, but I honestly don't know if it would make a difference.
No shite. Even if the 2 million was adjusted for inflation the only answer is the lump no matter what age a person is.
Posted on 2/12/20 at 2:42 pm to glassman
Must be a bunch of women posting in this thread.
Posted on 2/12/20 at 2:42 pm to TechDawg2007
$50 mil today.....
25 years from now $2m will not equal $2m from today.
and $50 million now in investments making a conservative 4% will give me $2 mill a year while still keeping the original $50 mil....
and if i die within 25 years, my heirs have more as well...
25 years from now $2m will not equal $2m from today.
and $50 million now in investments making a conservative 4% will give me $2 mill a year while still keeping the original $50 mil....
and if i die within 25 years, my heirs have more as well...
Posted on 2/12/20 at 2:43 pm to TechDawg2007
Interestingly a present worth analysis says that you should take the $50 Million, assuming 6% return on investment.
$2 Million/yr at say 45 years is only worth ~$31MM in todays dollars.
Take the $50 million.
$2 Million/yr at say 45 years is only worth ~$31MM in todays dollars.
Take the $50 million.
Posted on 2/12/20 at 2:44 pm to TechDawg2007
$50 million of course
Posted on 2/12/20 at 2:44 pm to TechDawg2007
quote:Hell, yeah, I would!!!
Would you take $50 million tax free or $2 million/year tax free for life
Posted on 2/12/20 at 2:58 pm to Hamma1122
quote:You can live for 70 more years, you'll still come out ahead taking the $50mil lump sum.
I’m young
Posted on 2/12/20 at 3:00 pm to Thib-a-doe Tiger
quote:
But you also have 50mm behind that
Correct but you have to take more risk to get closer to that 8%.
That risk means your 50mm behind it becomes more at risk itself, especially if the market goes to crap right after you get the 50mm.
Like I said, I'd still take the 50mm. But I think the assumptions in this thread of what is needed to make this work, aren't as easy as they are listed.
If I'm 20, and I'm offered this deal, and I think I'll live to 90, and I think tax rates are going way up and the market is going way down...
Posted on 2/12/20 at 3:05 pm to TechDawg2007
The $50 million. Assuming I could invest part of $50 million, I could make way more that $2 million (of course it would be taxable but what isn't in today's real life)?
Posted on 2/12/20 at 3:07 pm to LSUFanHouston
quote:
Correct but you have to take more risk to get closer to that 8%.
That risk means your 50mm behind it becomes more at risk itself, especially if the market goes to crap right after you get the 50mm.
Like I said, I'd still take the 50mm. But I think the assumptions in this thread of what is needed to make this work, aren't as easy as they are listed.
If I'm 20, and I'm offered this deal, and I think I'll live to 90, and I think tax rates are going way up and the market is going way down...
If I net 1.5mm annually, and still have 50mm invested, you're going to say I'm better off taking 2mm tax free annually?
I'm going to ignore the taxes and stock market stuff after that because one is an unknown and the other would lead to an apocalypse
Posted on 2/12/20 at 3:15 pm to LSUFanHouston
quote:
If I'm 20, and I'm offered this deal, and I think I'll live to 90, and I think tax rates are going way up and the market is going way down
That right there is the likely result. If you're offered that in your 20s, you still have that invincibility mindset. Have a couple of kids and watch the death of your grandparents then an early death of a parent... that will check that mindset posthaste.
I've always been taught how safe/aggressive you are with your retirement investments depends on when you start pouring money into it. If you're in your 20s take the 50 and put most of it in US Treasury bonds while making a few aggressive moves with the matured value/profit of the bonds saving your arse if you stupidly invest in an Enron-like company.
This post was edited on 2/12/20 at 3:17 pm
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