1) I doubt I will live 25 yearsdcbogey said:$1 million a year for 25 years of a lump sum of $17mil. Which would you take?
Depending on the prevailing interest rates, the current value of 1 million per year for 25 years would be anywhere between 10 to 17 million. You would yield better results by taking the 17 million and investing with a regular income of 1 million a year, you could get 35 - 57 million in the next twenty five years. It's simple math.dcbogey said:$1 million a year for 25 years of a lump sum of $17mil. Which would you take?
pauper (Great old Canadian rock "The Paupers")Rigel7 said:Depending on the prevailing interest rates, the current value of 1 million per year for 25 years would be anywhere between 10 to 17 million. You would yield better results by taking the 17 million and investing with a regular income of 1 million a year, you could get 35 - 57 million in the next twenty five years. It's simple math.
Then again, I could blow the 17 million in 3 years and be a popper at the end of it.
17 million bucks worth of tequila poppers? Sounds like fun.Rigel7 said:...
Then again, I could blow the 17 million in 3 years and be a popper at the end of it.
Yes, but remember, if you take the $17 mil up front, it's currently all tax free. If you take the 25 year pay out, you are trusting the Feds and the Province not to change the rules and make any future lotto payouts taxable. I don't think I need a lawyer's advice on that one.Perry Mason said:Yes... but remember that the $1million per year is not taxable, whereas the interest you earn on the $17million is... and you must file and pay yearly!
Perry
Tax laws cannot be enacted retroactively... and the politicos are not about to spoil a good thing for the governments by changing the rules on lotteries! What they make on lotteries vastly exceeds what they lose on taxes.Paul Drake said:Yes, but remember, if you take the $17 mil up front, it's currently all tax free. If you take the 25 year pay out, you are trusting the Feds and the Province not to change the rules and make any future lotto payouts taxable. I don't think I need a lawyer's advice on that one.
$5. $10. And $20. depending how many #'s you want.goalie000 said:I see these tickets advertised on the TV, how much are they?