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Old 03-10-2008, 09:05 AM   #1
Question Would you accept....
KathrynHannah
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Would you accept a guaranteed, lifetime allowance of $50,000 a year after taxes for your whole family, (adjusted for inflation) if accepting it meant you could never again earn money from work or investments?

(taken from Amazon.com: The Book of Questions: Gregory Stock: Books)
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Last edited by Kim : 03-11-2008 at 11:08 AM.
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Old 03-10-2008, 09:26 AM   #2
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Yes! Since I personally have never come close to making that amount. As long as dh could still earn.
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Old 03-10-2008, 09:40 AM   #3
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KathrynHannah
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Quote:
Originally Posted by Happymom
..... As long as dh could still earn.
Nope. That would be family income .. but stable and guaranteed. Would you still do it?
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Old 03-10-2008, 09:41 AM   #4
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Heck no!!! We could not surrive on that!!!
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Old 03-10-2008, 09:41 AM   #5
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No way!!!!!
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Old 03-10-2008, 09:44 AM   #6
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I think so. I don't see a downside. I know others make more than this, so think it would not be doable. But we have never made that much in one year. I have 4 kids.
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Old 03-10-2008, 09:44 AM   #7
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Is that 50K every year for the rest of our lives? or just a one time payment?
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Old 03-10-2008, 09:45 AM   #8
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No way.
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Old 03-10-2008, 09:47 AM   #9
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I would!

a) It's more than we make now (and will probably ever make) ~ we work in non-profit.
b) I would rather have the security of knowing and being able to budget accordingly.

I would miss the investment income (not that we make much now .. but we plan on in the future).

I would still work .. I'd just volunteer, I'd just work for free - volunteering what I love to do.
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Old 03-10-2008, 09:49 AM   #10
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Quote:
Originally Posted by 3boys
Is that 50K every year for the rest of our lives? or just a one time payment?
Every year. (I'll edit the original question).
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