10-25-2002, 09:05 PM
Absolutely I could. I could put in $2,000,000 at 5% and take out $80k for life. By the time I'm old, it won't amount to anything, but I'm single, so when I get married, the bitch can work, and I can live off $80k TAX FREE which is like making $110k + what she earns.
No question. I could do it. But I don't think I would since it would cap my earnings and I actually enjoy working sometimes.
For you to get (present value) tax free $2 million assuming a 28% tax rate. Over the course of the next 50 years it would equal making an average of $55,555. And that doesn't take into account inflation, which would make the money even more attractive.
No question. I could do it. But I don't think I would since it would cap my earnings and I actually enjoy working sometimes.
For you to get (present value) tax free $2 million assuming a 28% tax rate. Over the course of the next 50 years it would equal making an average of $55,555. And that doesn't take into account inflation, which would make the money even more attractive.