Would you rather 40k a year tax free for the rest of your life or 1 million as a once off payment?
- 40k a year. Slow and steady.
- 1 million once. I could be dead next year!
- Stupid question 1 million . Lambo here I come!
- 40k a year. If I live more than 25 years I am in profit!!
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Voted for 1 million once. I could be dead next year!.
Some good dividend shares are paying 4-5 percent a year (40-50k) - and the million stays also.
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Good point .
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Being 75 years old, I would definitely choose the once-off payment of $1m. At least I'd go out with quite a bang!
Thanks, do you need my account details?
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Voted for 1 million once. I could be dead next year!.
I'm already old...won't live that long..
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I'd say you're some laugh at parties @abbak7 😂😂. Planning the funeral! haha. You're not that bloody old!
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Nope,no money saved for funeral..😎
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Voted for 40k a year. Slow and steady..
I answered I would take the $40,000 a year tax free for the rest of my life over the $1 million one time payment because it would be harder to spend it so quickly. You didn't say if the $1 million was tax free (which would be another reason to avoid it if it's not tax free).
As it is, $1 million sounds like a lot, but I hope I can reasonably expect to be around longer than 25 years. This way, I can live within my means, maybe save up some of this money, not have to pay taxes (unless I have some other kind of earned income) and probably still do what I want to do, just not all at once.
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A wise choice!
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I thought so. Of course, so far your poll is running the other way, so what can I say? :) I always have to be the contrarian.
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Always felt like I would be one of those "new money" type of person who would blow everything after a couple of wild months.
So 40k a year would probably be the best bet for me.
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Yep I’m the same as you @jclark. Give me the 40k a year.
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Voted for Stupid question 1 million . Lambo here I come!.
1 kick ass year!!!
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Voted for 1 million once. I could be dead next year!.
A million in the bank would generate enough interest to pay my monthly bills! Will you be sending it out soon?
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@melinda010100 . Would you trust yourself leaving 1 million the the bank. I see you buying a state of the art moped thing with it!! 0-60 in 3 seconds! The 40k would pay the bills also.
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I would totally trust myself, but you are right. The 40k would be grand, too. A nice addition to my social security check!
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Voted for 1 million once. I could be dead next year!.
It really depends on how much the IRS is going to pull off the top.
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all tax free Rebecca
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good I picked the right one haha!
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I took the millions, suckers take payments :P
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😂
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to quote the english 'shameless'
'take what you can, when you can'...and I wouldn't trust another agency with 40k a year, when I could have the mill in my hands..
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@lucylin the end is nigh! 😂😂
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Don't be a pessimist...the beginning is nigh..!lol
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Voted for 1 million once. I could be dead next year!.
If you have $1,000,000 once and you can't figure out how to turn it into at least $40k per year for the rest of your life, you don't deserve it.
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Voted for 40k a year. If I live more than 25 years I am in profit!!.
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Voted for 1 million once. I could be dead next year!.
With $1 million I can easily make $60-100k before taxes without reducing the principal.
When I no longer need it I can transfer it into a trust and enable someone after me, presumably my descendant or someone close, to do the same. This can continue in perpetuity.
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Voted for 1 million once. I could be dead next year!.
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Voted for 1 million once. I could be dead next year!.
And I'll invest in crypto during market bottom
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Voted for 1 million once. I could be dead next year!,Stupid question 1 million . Lambo here I come!.
This what investment is all about. Pay once while hoping it becomes profitable on the long run.
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Voted for 1 million once. I could be dead next year!.
I can get 100-200k a year when i invest the money
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Voted for Stupid question 1 million . Lambo here I come!.
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howdy sir blanchy! whos askin? depends on your age. what did you say?
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My sensible head says 40k a year but my wild side would probably take the million!
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I would have to consult with Mrs. J and do whatever she says! lol.
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😂😂. Don't bloody tell her
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