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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 3:49 pm to TechDawg2007
Posted on 2/12/20 at 3:49 pm to TechDawg2007
Easy. I would take the 50 million and buy 50 million different combos when the Powerball gets up to 300 million and turn that 50 mill into 150 mill over night.
1
Posted on 2/12/20 at 3:52 pm to LSUFanHouston
There are tax exempt investments called Muni bonds.
Fail.
50 million with 30 year AAA bond I think you can get around 3 percent. Take a little more risk and you can get more... So you are way better off. Taking it now and investing in tax exempt bonds.
Fail.
50 million with 30 year AAA bond I think you can get around 3 percent. Take a little more risk and you can get more... So you are way better off. Taking it now and investing in tax exempt bonds.
Posted on 2/12/20 at 3:53 pm to LSUFanHouston
quote:Especially if you have a family and kids, wouldn't it be really risky to take the $2mil?
I mean, you have to be really risk-adverse to not take the 50
If you die early on, you're taking a massive hit on what you can pass down to family.
Otherwise, if we're looking forward 30-50 years, we're just arguing which one will be worth more in the 100s of millions range, which for all intents and purposes, doesn't actually matter much. $600mil or $800mil(made up #s)...you know which one you'd prefer, but it's not a truly life altering difference like the risk of being able to pass wayyyyy less than $50mil down to your children.
Posted on 2/12/20 at 3:56 pm to yatesdog38
(no message)
This post was edited on 10/19/21 at 7:56 am
Posted on 2/12/20 at 4:03 pm to lsutiger2010
I know right! Better odds than putting it all on my favorite number on roullette
Posted on 2/12/20 at 4:18 pm to TechDawg2007
50
I have a structured settlement, but I need cash now.
I have a structured settlement, but I need cash now.
Posted on 2/12/20 at 4:23 pm to TechDawg2007
Only an idiot was take the 2 mil/year over $50 mil lump sum. Done properly, you can safely earn more than $2 mil a year off a 50 mil investment.
Posted on 2/12/20 at 4:45 pm to Thib-a-doe Tiger
quote:
tendies
autist spotted
Posted on 2/12/20 at 5:08 pm to TechDawg2007
quote:
What ya'll got baws? The $2 million/year ceases if you die
50 million regardless of age.
Posted on 2/12/20 at 5:27 pm to TechDawg2007
If you’re young 2 mil is the easy choice due to inflation
Posted on 2/12/20 at 5:30 pm to HamSandwich
quote:you you explain the math behind this? Thanks in advance.
you’re young 2 mil is the easy choice due to inflation
Posted on 2/12/20 at 5:31 pm to GreatLakesTiger24
(no message)
This post was edited on 10/19/21 at 7:56 am
Posted on 2/12/20 at 5:36 pm to GreatLakesTiger24
If you can get a 4% return you'd make 2 million before taxes. You'd also have no risk of dying young and have your family miss out on the rest.
Posted on 2/12/20 at 5:37 pm to AUCE05
Not even just interest. Inflation too. I mean the purchasing power of a dollar has gone down quite a bit in 25 years. 2 million today isn’t going to be the same value as 2 million in 10 years.
Posted on 2/12/20 at 5:38 pm to TechDawg2007
Always take the lump sum unless you are a drug addict or immature and have no self discipline.
Posted on 2/12/20 at 5:38 pm to HamSandwich
quote:
If you’re young 2 mil is the easy choice due to inflation
Posted on 2/12/20 at 5:58 pm to yatesdog38
quote:
know right! Better odds than putting it all on my favorite number on roullette
How is a 10% chance if winning better odds than a 50% chance?
Posted on 2/12/20 at 6:13 pm to TechDawg2007
$50 MM now.
Never know when that chopper in the sky is gonna get ya.
Never know when that chopper in the sky is gonna get ya.
Posted on 2/12/20 at 6:20 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.
This thread has made me terrified for our future here in America.
Posted on 2/12/20 at 6:26 pm to TechDawg2007
$50 million and control my own financial destiny.
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