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To: kjam22
When I said earning and drawing.... I was talking about the same thing.

If you earn 5% and draw 5%, your money will last more than 15 years.

Seriously.... you’ve never setup a model in your life. Have you?

LOL! Try again?

551 posted on 12/26/2007 1:03:00 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot
If you spend down 1,000,000 dollars equally in 15 years you spend 66,666.67 per year. If you earn 5% per year on it during that time, you earn a total of 350,000. Even you can figure that out. 46.666.67 earnings in the first year, and 3333.33 in the last year.

And I took the worst case scenario. I assumed that you CHOOSE to spend all million dollars in 15 years. That would be your choice under Huckabee's plan. Under the current plan you've got no choice except to pay the taxes and pull it out of investments when they make you.

555 posted on 12/26/2007 1:09:34 PM PST by kjam22 (see me play the guitar here http://www.youtube.com/watch?v=noHy7Cuoucc)
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