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Old 05-27-2011, 10:33 PM   #21
Full time employment: Posting here.
Join Date: Apr 2008
Posts: 702
The 5 year contracting period is great. Take your time to figure things out, get a budget together and learn more about investing.

There is plenty of good information here.

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My thoughts exactly.
Old 05-28-2011, 04:45 AM   #22
Confused about dryer sheets
Join Date: May 2011
Posts: 5
My thoughts exactly.

Originally Posted by clifp View Post
The board is very useful for keeping you from doing stupid things, less useful for telling you what to do.
You guys did save me from myself. Thanks. I'll keep you updated on what I learn.

Right now I see that if I go the immediate annuity route, I'm looking at either my wife or I living another 50 years; in all likelihood

So that means a payout of $154,000 x 50 = $7,700,000
(2,800,000 tax free) so that's the tax equivalent of:

$8,540,000 Now I just need to figure out how I can make a little over 3 times my money in 50 years. Time to hit the books.

So I have to beat 2.2% interest over the 50 years.

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