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| Topic | Should I take a lump sum of 195k 300k over monthly installments? |
| Cokewave 02/08/22 2:26:19 PM #23: | I'm bored so ill crank some numbers, I'm assuming things are taxed as income and going with the assumption of no state income tax and no other personal income to raise brackets (but if you give me those I can get more exact for you) and also i'm assuming that the lawyer is getting paid 25% of the 300k as a whole. 195k lump sum after lawyer cut (25%) = $146,250 Lump sum after fed income taxes (32%) = $99,450 $99,450 invested @ 7% RoR for 5 years = $139,483 57,600 after lawyer cut (25%) = $43,250/yr 43,250 after fed income taxes (22%) = $33,696 Invest at 7% RoR for 5 years (36054 + 38578 + 41279 + 44168 + 47260) = $207,339 the monthly payments are better in this scenario darkprince45 posted... So I was reading the contract and only the first immediate payment is that 4,800. Then its 4,800 a year lmao. Fuck that Nevermind fuck that --- Wave. PSN: WaveyyyA ... Copied to Clipboard! |
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