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re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by BRIllini07 on 2/12/20 at 7:05 pm to TechDawg2007
Every math and investment equation is going to go for the $50MM up front and it’s not close.
The only reasons not to take it are social/psychological. For instance, you may have more “family” members beating down your door asking for “help” if you get the lump sum and it’s remotely public.
The odds of you buying a $25MM house that would have no viable buyers if you tried to sell may also go up depending on how your particular brand of “Well, I need to buy something nice for my self” kicks in.
Since $2MM/year is well over the OT minimum of $350k/yr, that may be the “right” choice for some people (reference pro athletes or lottery winners that can’t handle a sudden drop in cash flow). Just know that you’re going to be making slightly less money year after year, and nursing homes are only going to get more expensive.
The only reasons not to take it are social/psychological. For instance, you may have more “family” members beating down your door asking for “help” if you get the lump sum and it’s remotely public.
The odds of you buying a $25MM house that would have no viable buyers if you tried to sell may also go up depending on how your particular brand of “Well, I need to buy something nice for my self” kicks in.
Since $2MM/year is well over the OT minimum of $350k/yr, that may be the “right” choice for some people (reference pro athletes or lottery winners that can’t handle a sudden drop in cash flow). Just know that you’re going to be making slightly less money year after year, and nursing homes are only going to get more expensive.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by johnnyrocket on 2/12/20 at 7:12 pm to TechDawg2007
$50 million as I could invest it and make the money off of it instead of someone else.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Le Tenia on 2/12/20 at 7:22 pm to TechDawg2007
Def $50m. Either way with that type of money I'll never make it 25 years.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Tiger in Gatorland on 2/12/20 at 7:28 pm to TechDawg2007
50 mil now. If I have to take 2 per year that means I have to stay connected to something in order to collect.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Yewkindewit on 2/12/20 at 8:59 pm to TechDawg2007
My choice is the $50M straight up based on my scenario - basically age (67). Gimme the cash now.......if not sooner.....as soon as s I can get it the better.....etc.......
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by lsutiger2010 on 2/12/20 at 9:03 pm to Hamma1122
(no message)
This post was edited on 10/19 at 7:55 am
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Cracker on 2/12/20 at 9:03 pm to TechDawg2007
Fiddy
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Eli Goldfinger on 2/12/20 at 9:04 pm to TechDawg2007
Fitty
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by NotoriousFSU on 2/12/20 at 9:05 pm to Yewkindewit
$50M is the right choice no matter what.
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re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Contrary on 2/12/20 at 9:11 pm to TechDawg2007
50 smacks
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by hottub on 2/12/20 at 9:13 pm to TechDawg2007
50 million..... almost guarantee I can get 2 mil/ year off of 50 and never touch my nest egg
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by 3morereps on 2/12/20 at 9:19 pm to TechDawg2007
Give me the $50 million. 10% annual return is $5mm. Stupid question
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Basura Blanco on 2/12/20 at 10:14 pm to TechDawg2007
If you have any comprehension of compound interest, this isn't even worthy of an answer. Since a shocking number of the responses show a complete lack of that comprehension, the answer is take the $50M. And that goes if you are 75 years old or 75 minutes old.
And no, none of the doomsday tax or doomsday investment scenarios are relevant here as that same doomsday scenario affects your annual $2M as well.
And sadly, another plus for the $50M in hand is seeing the surprising number of "opportunities" that exist for those with investment knowledge to profit off of those without any knowledge.
And no, none of the doomsday tax or doomsday investment scenarios are relevant here as that same doomsday scenario affects your annual $2M as well.
And sadly, another plus for the $50M in hand is seeing the surprising number of "opportunities" that exist for those with investment knowledge to profit off of those without any knowledge.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by Mr. Misanthrope on 2/12/20 at 10:23 pm to TechDawg2007
I'll take the fast 50. Easy.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by A Menace to Sobriety on 2/12/20 at 10:28 pm to TechDawg2007
Is this seriously question.
$50 million guaranteed? If you're not a fricking retard, take the sure fire thing and invest in most of that. his is simple.
$50 million guaranteed? If you're not a fricking retard, take the sure fire thing and invest in most of that. his is simple.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by biglego on 2/12/20 at 11:54 pm to TechDawg2007
$50M seems like the obvious answer
quote:
if you invest the 50 you should easily yield 7%, but let's say it 5% guaranteed annually...
at 5% that's 2.5 Mil per year.
You should absolutely take the money, but
A) Ain't no way to "easily yield 7%"
B) There damn sure isn't a way to guarantee 5% annually in 2020
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by slackster on 2/13/20 at 12:38 am 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.
You're looking at 8 pages of evidence that supports why financial advisors exist.
re: Would you take $50 million tax free or $2 million/year tax free for lifePosted by John McClane on 2/13/20 at 12:38 am to TechDawg2007
I’d take the $50 million tax free all day.
Sets my family up even if I kick the bucket early.
Sets my family up even if I kick the bucket early.
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