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#31
Jul 12 2020 02:11am
assuming I can keep the $15m for once I've got out of jail/prison, and we're talking about after tax here, I'd go with the $5m/yr for 3 years.

initial deposit of $412,500, and an additional deposit every month for 3 years of the same amount (assuming you only need $50,000/year to live) would put your savings account at $15,538,922.71 at the end of the 3 years.
now, obviously you'll no longer be putting into that account, but if you put it into a savings account that has 1.2% APR like CitiBank does, over 25 years, you'll turn that 15.5m into $20,937,927.87 which is more than I'd normally make in a lifetime, so hey. I can retire at 58 when I get out ;)
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#32
Jul 12 2020 02:16am
Quote (Akitsu @ 12 Jul 2020 01:11)
assuming I can keep the $15m for once I've got out of jail/prison, and we're talking about after tax here, I'd go with the $5m/yr for 3 years.

initial deposit of $412,500, and an additional deposit every month for 3 years of the same amount (assuming you only need $50,000/year to live) would put your savings account at $15,538,922.71 at the end of the 3 years.
now, obviously you'll no longer be putting into that account, but if you put it into a savings account that has 1.2% APR like CitiBank does, over 25 years, you'll turn that 15.5m into $20,937,927.87 which is more than I'd normally make in a lifetime, so hey. I can retire at 58 when I get out ;)


however, if we're taking after tax here the tax rate on anyone making over $510,301/year is 37% so we'd end up making $3,150,000/year which using the same equation would work out to $9,731,433.99 at the end of the 3 years.
after the 25 years is up, we'd have $13,112,625.39, and I'm not sure if I can live on that.... :rofl:
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#33
Jul 12 2020 02:26am
a better poll, would have been *make $455k/year for 28 years, or make $5m/year for 3 years then be locked up for 25 years. but then the choice would be simple.

I'm 30 years old right now, I don't really plan on living past 80 years old, and I can live very comfortably on $50,000/year.
I'd settle for $455k/year, and I would work for 7 years. maybe even 10 years. that would give me $1.8-2.6m to live off of for the next 50 years.
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#34
Oct 12 2020 06:00am
Voted in poll. Ty
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