Lady Butterfly @lazysoci.al to Ask@lemm.eeEnglish · 10 days agoWould you rather have 2 million dollars now or 100k a year for the rest of your life? All tax freemessage-squaremessage-square35fedilinkarrow-up145arrow-down12
arrow-up143arrow-down1message-squareWould you rather have 2 million dollars now or 100k a year for the rest of your life? All tax freeLady Butterfly @lazysoci.al to Ask@lemm.eeEnglish · 10 days agomessage-square35fedilink
minus-squareusrtrv@sh.itjust.workslinkfedilinkEnglisharrow-up10·edit-210 days agoThere’s a chance you die and that 2 mil will go to someone else vs your payments just stop. The 100k isn’t matching inflation so you gain less wealth every year versus your potential 2 mil investment matching or beating inflation. I think the only real reason to do the 100k a year is if you’re not very financially responsible. Which has been the case for many lottery winners. Edit: Personally not a fan of hoarding wealth outside enough for retirement/security.
There’s a chance you die and that 2 mil will go to someone else vs your payments just stop.
The 100k isn’t matching inflation so you gain less wealth every year versus your potential 2 mil investment matching or beating inflation.
I think the only real reason to do the 100k a year is if you’re not very financially responsible. Which has been the case for many lottery winners.
Edit: Personally not a fan of hoarding wealth outside enough for retirement/security.