£1m now or £10k/month for 10 years?

[Fudge123]

Tomorrow isn’t promised….
I’d take the £1 million upfront

[123]

If you can generate 3.75% return on the cash each year *or an average of that per year* there is no difference, you can take the million and pay yourself £10k a month and have enough to last the 10 years

On a drawdown investment with a 1million starting level, 3.75% should be easy to achieve - I would expect it to be nearer 6-8%

At 8% you can have another £2k a month or stick at 10K and have it for 14 years

[babbymint]

Take it all now - might be dead tomorrow! Pay off debts and invest the rest wisely to give a return, so probably in property.

[ChrisS]

Originally Posted by babbymint

Take it all now - might be dead tomorrow! Pay off debts and invest the rest wisely to give a return, so probably in property.

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At my young age [cough ], and being on 30 years of borrowed time, I'd spend, spend, spend, plus loads to charity, my family are well taken care of so, lets spend it. When I get my next million [next, who am I kidding ] I'll throw a git big party, all welcome, all expenses paid, accommodation, drinks... meanwhile, back on earth...

I'll get my coat...

[Scaramouche]

I always thought I’d take the £10k a month. But I’d take the million definitely. I can do what I want then and it’s all on me. I don’t need to worry about having that relationship with ITV or whoever for 10yeaes.

[Button17]

£1 m now and invest it. I could die next week so would only get £10k.

[Vinniecat]

I would take the money only because I would be scared that it would suddenly stop before they had finished paying me. That said I know nothing about any competition such as who is paying etc.

[Vinniecat]

Originally Posted by 123

If you can generate 3.75% return on the cash each year *or an average of that per year* there is no difference, you can take the million and pay yourself £10k a month and have enough to last the 10 years

On a drawdown investment with a 1million starting level, 3.75% should be easy to achieve - I would expect it to be nearer 6-8%

At 8% you can have another £2k a month or stick at 10K and have it for 14 years

See more...

I would take the money then ask for advice from you 😉. I like your way of thinking.

[Stitch & Smudge]

I’d take the million. Might not see 10 years

[Sparky03]

Definitely take the million. Help my family as much as I could, get more cats, go in heaps of holidays