Quote:
Originally posted by psyko514
$3mil USD will give you $100k a year for 30 years. At a 5% return rate on your $3mil usd, you'd make $150k a year and would never have to touch your initial $3mil.
do you think you'll really need more than $150k USD a year? that's at least $225k CDN.
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Don't forget that interest is taxable in most cases.