To: Red Badger
I certainly wouldn't turn it down, but a lump-sum payment after tax divided 100 ways will come out to slightly north of $1 Million USD.
That's significant, but hardly retire-to-the-beach money.
18 posted on
08/07/2006 1:25:16 PM PDT by
jra
To: jra
Retire-Close-to-the-beach money..........
22 posted on
08/07/2006 1:28:00 PM PDT by
Red Badger
(Is Castro dead yet?........)
To: jra
208 Mil is a lump of about 84 to 104 million. (40 to 50%).
That's 840K 1.04 million. I'd take it.
Still The IRS grabs 28% off the top.
So each is going to get $604K to $720K, and heck, I'll take that too!
But it's not a retire now and forever thing unless you are close already...
34 posted on
08/07/2006 1:38:50 PM PDT by
kAcknor
(Don't flatter yourself.... It is a gun in my pocket.)
To: jra
Even in a modest 5% interest account, $50,000/yr isn't so bad; with good investment, they'd have a fortune...
35 posted on
08/07/2006 1:39:28 PM PDT by
mx5
To: jra
A million bucks reasonably investerd can yield $100k a year. I can do the beach on that!
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57 posted on
08/07/2006 2:27:02 PM PDT by
pageonetoo
(You'll spot their posts soon enough!)
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