$300 Million invested at 5%

[NY Trooper]

Lets say you take the lump sum payout on the lottery. You get $300 mill give or take. You invest it and it returns 5% a year. That nets you $15,000,000 a year fun money. Hmmmmm.......

[Tmore]

That's almost enough to live off of..... better go buy me a ticket.

[Alan S]

Where did you find 5%?

[cowtrimmer]

Having that much money is almost good enough to get a couple protesters camping in your driveway

[Bronzefly]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by Alan S &raquo;</td></tr><tr><td class="quote">Where did you find 5%?</td></tr></table>

Yeah, no kidding!

[menoceros]

You forgot how much the IRS and NY state are going to take before you get out the door of the lottery office.

[BMCD]

Its capital gains tax though. So less % then you pay on your income.

[astasoftride]

that's cool, except you forgot to take the taxes out of the $15M So you might not be able to make it with only $9M (after taxes), so you guys can just hand it over to me..... I'll make do.

[brnzbaklvr]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by Alan S &raquo;</td></tr><tr><td class="quote">Where did you find 5%?</td></tr></table>

If you aren't making 5 percent you better rethink your investment strategy..

5 percent is pretty common of a number for withdrawing your money without effecting your principal..Obviously for planning purposes only....
That is pretty much what I go by when I figure how much cash I need to supplement my income in retirement....If you have 500k saved you can withdraw 25k a year without effecting your base....In theory....

I think I could scrimp and live off from 5 percent of 300 mill...It would be tough but I would find a way...

[Bass Commander]

Anyone happen to be attacked today by both a polar bear and a grizzly bear?...if so, the odds are with you.

[willieb]

I seen a polar bear and a grizzly in line to buy tickets! So I guess it was a waste of money for me to buy one.

[mikepags]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by BMCD &raquo;</td></tr><tr><td class="quote">Its capital gains tax though. So less % then you pay on your income.</td></tr></table>

explain how its capital gains and not ordinary income?

and 5% should be cake with that much cash..........you think hedge funds make 100's of millions of dollars earning 5%

[Bass Commander]

Just think, if you win you still couldnt buy the Dodgers...

[Bsktball55]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by mikepags &raquo;</td></tr><tr><td class="quote">

explain how its capital gains and not ordinary income?

and 5% should be cake with that much cash..........you think hedge funds make 100's of millions of dollars earning 5% </td></tr></table>

Buying and selling stocks is filed under capital gains tax. That's why Warren Buffet can make the claim that he pays less taxes then his secretary because he is not earning an income, he makes his money off of investments whereas his secretary earns her money from income.

[mikepags]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by Bsktball55 &raquo;</td></tr><tr><td class="quote">

Buying and selling stocks is filed under capital gains tax. That's why Warren Buffet can make the claim that he pays less taxes then his secretary because he is not earning an income, he makes his money off of investments whereas his secretary earns her money from income. </td></tr></table>

mostly false...........he pays less in taxes pro rata than his secretary.......because a higher percentage of her income goes to taxes like 30K of her 100K a year..........but buffet still pays 150,000,000 in taxes on his billion dollar gain........

and the capital gains tax is fair because Buffet already paid taxes the first time on his money

lotto isn't not capital gains

[Alan S]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by brnzbaklvr &raquo;</td></tr><tr><td class="quote">5 percent is pretty common of a number for withdrawing your money without effecting your principal..Obviously for planning purposes only....</td></tr></table>

The only SURE income (stocks are not guaranteed) is CD's or money market. They're barely making 1%.

[Reel Northern Bass]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by Alan S &raquo;</td></tr><tr><td class="quote">

The only SURE income (stocks are not guaranteed) is CD's or money market. They're barely making 1%.</td></tr></table>

OK...so we'll say 0.8% on $300 million...should still be $2.4 million.

[mikepags]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by Snover &raquo;</td></tr><tr><td class="quote">

OK...so we'll say 0.8% on $300 million...should still be $2.4 million. </td></tr></table>

before taxes which at that point is capital gains

[cougarcat22]

[bob o]

if you just take the payout for 20years thats $67,000 a day. well that's what the news said and there always right