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RE: Would you rather 40k a year tax free for the rest of your life or 1 million (tax free) as a once off payment?

in #dpoll6 years ago

Voted for 1 million once. I could be dead next year!.

With $1 million I can easily make $60-100k before taxes without reducing the principal.

When I no longer need it I can transfer it into a trust and enable someone after me, presumably my descendant or someone close, to do the same. This can continue in perpetuity.