The Old Folks Home

Good luck to all who are participating in the redneck retirement fund this evening. Should you be determined "fully vested" (the winner), you'll have the option of selecting a 1st annual payment of ~24 million dollars (before taxes) that will increase by 5% annually for 29 further annual payments. That would make the final payment ~99.2 million. OR, you may select to cash out said retirement fund in full at a value of approximately 913 million. After federal taxes of 39.5%, you would have ~552,365,000.00 to do with as you wish.

If you blow 52 million and change, leaving 500 million to invest, at a rate of 3% (available in short term certificates) compounded monthly, you'll earn ~15 million a year in interest. So after taxes, you could spend ~ 750,000.00 a month and never tap into your invested principal...

Life would be good. :cool:
 
critters004.jpg


This one - a waayy oversized Holland Lop doe named Cupcake. She was one of the sweetest rabbits I ever met; an absolute rag doll in your arms. When they told me a small boy was going to be carrying the rabbit around, I cringed a little, then said "I know just the one." Having had so many rabbits explode in a kicking frenzy when held, this gal's "friends we haven't met yet" attitude was delightful. I'll bet most of the cast members still remember her, all these years later.

Shes so pretty and looks so sweet.
 
Good luck to all who are participating in the redneck retirement fund this evening. Should you be determined "fully vested" (the winner), you'll have the option of selecting a 1st annual payment of ~24 million dollars (before taxes) that will increase by 5% annually for 29 further annual payments. That would make the final payment ~99.2 million. OR, you may select to cash out said retirement fund in full at a value of approximately 913 million. After federal taxes of 39.5%, you would have ~552,365,000.00 to do with as you wish.

If you blow 52 million and change, leaving 500 million to invest, at a rate of 3% (available in short term certificates) compounded monthly, you'll earn ~15 million a year in interest. So after taxes, you could spend ~ 750,000.00 a month and never tap into your invested principal...

Life would be good. :cool:

Hmm... What's that in chicken math, Latestarter?

Did not buy a ticket. I'm a stick in the mud.
 
too complicated. Nobody on earth needs that kind of money. I know I'm probably the odd one out but, I'd rather see the money dished out to folks who truly need it for medical bills, treatments, folks who have survived horrible tragedies. But, nobody would buy the amount of tickets to win for someone else.
 

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