McCord

[Bulldog04]

We heard this year was less than Nebraska who offered him like $800k?

Nebraska offered 1.6m. He said no

 

[Red2003]

I really don’t think the money is what’s making the decision guys.

McCord just wants to fire that pigskin. He can’t do that on Sundays as a backup. If the NFL is giving him decent odds for QB1 then he’s gotta go.

Otherwise he can be the king of the hill in Syracuse for a year.

 

[Roger N]

What is the Goldbergs?

A furniture store chain

 

[orangefog]

Nebraska offered 1.6m. He said no

I believe he said that was "the best decision he's ever made". So, if he's able to come back, one would have to believe we would have a better than average chance at him coming back and he won't go to another college, that is foolish.

 

[Bulldog04]

I believe he said that was "the best decision he's ever made". So, if he's able to come back, one would have to believe we would have a better than average chance at him coming back and he won't go to another college, that is foolish.

It’s tough bc he’s losing OG Meeks and Lequint. Thats hard to replicate next year. I know they are high on Tremble and Hornsby but we’ll see. And add in the schedule. But how do you not come back (selfish me)

 

[kcsu]

It’s tough bc he’s losing OG Meeks and Lequint. Thats hard to replicate next year. I know they are high on Tremble and Hornsby but we’ll see. And add in the schedule. But how do you not come back (selfish me)

Will Zeed be on the team

 

[Bulldog04]

Will Zeed be on the team

That I don’t know

 

[Nick44]

It’s tough bc he’s losing OG Meeks and Lequint. Thats hard to replicate next year. I know they are high on Tremble and Hornsby but we’ll see. And add in the schedule. But how do you not come back (selfish me)

Who do you see as the top 5 pass catchers on this team next year?

 

[Red2003]

Who do you see as the top 5 pass catchers on this team next year?

Pena.

 

[JRHEETER]

Will Zeed be on the team

Not sure, but his guy that he trusted the most will be

Pena

 

[SuFTW]

To keep the math simple.
Each million in a annuity will generate about 5% tax free per year
Forever. He's crazy not to return if he is granted another year. The NFL will be there for him next year
Most likely at about the same draft position as this year.

I think you mean tax deferred.

 

[kcsu]

Pena Gill JRS would be my guess.

 

[kcsu]

I think you mean tax deferred.

Yes sorry. Tax deferred. Thx

 

[cardiac]

Pena Gill JRS would be my guess.

JRS back?

 

[orangefog]

It’s tough bc he’s losing OG Meeks and Lequint. Thats hard to replicate next year. I know they are high on Tremble and Hornsby but we’ll see. And add in the schedule. But how do you not come back (selfish me)

if there is 5 for 5, does Meeks come back?

 

[Bulldog04]

Who do you see as the top 5 pass catchers on this team next year?

Pena
Trebor
Trebor Pena
T Pena
Mr Pena

 

[Bulldog04]

if there is 5 for 5, does Meeks come back?

Don’t think so but haven’t gotten any confirmation on that

 

[kcsu]

JRS back?

I thought he was I dont know

 

[orangefog]

Don’t think so but haven’t gotten any confirmation on that

What are Jackson's options? If Kyle comes back, I bet Meeks comes back, especially if Zeed doesn't come back. But, if neither comes back, I bet JRS steps up and Hornsby and Ross step up. We have weapons, no matter what.

 

[721Comstock]

Yes sorry. Tax deferred. Thx

Here’s the thing:

When you take $ out of a tax-deferred annuity -
it’s no longer deferred.

And you can’t live off of it if you don’t ever draw on it.

Also -

Let’s say Kyle used kcsu financial wizards to plan for him.

And let’s say he doubled down on your 5% plan, and plopped $2 million into one.

(ignoring for the moment that he would have had to grossed nearly $4M, such that he’d net out the $2M to invest in your plan.)

So thats’s $100k / year in taxable (because he needs to live off of it) income.

And ten years from now (assuming he’s still able to get 5%) it’s still only $100k / year.

And 20 years from now.

And 30 years from now.

That’s what is called fixed income.

Given that inflation is a thing that very much exists, his real income will be decreasing each and every year that passes.

And he’s only 22 right now.

 

[dasher]

Follow me for more farcical, reality-free advice!!

Please provide a link to one of these magical tax-free annuities that pays 5%.

We'll wait here.

the tax free part is in the accumulation not in the payout phase. Although Lincoln has an annuity where you can get a partial amount tax free in distribution. The other part is that the 5% is for people over 50 and over. I would have to search long and hard to find annuities that guarantee 50% for people in their 20's. I doubt I would find one.

 

[kcsu]

the tax free part is in the accumulation not in the payout phase. Although Lincoln has an annuity where you can get a partial amount tax free im distribution. The other part is that the 5% is for people over 50 and over. I would have to search long and hard to find annuities that guarantee 50% for people in their 20's. I doubt I would find one.

You guys are correct. Im a just a few years older than Kyle
Regardless of how he were to invest his money if he parks most of it he has guaranteed himself a great retirement. My point is that if he can he should take the sure money and not roll the dice on the NFL until next year

 

[721Comstock]

the tax free part is in the accumulation not in the payout phase. Although Lincoln has an annuity where you can get a partial amount tax free im distribution. The other part is that the 5% is for people over 50 and over. I would have to search long and hard to find annuities that guarantee 50% for people in their 20's. I doubt I would find one.

Dash - a minor (but important) correction:

There’s nothing tax-free about an annuity.

That’s why they are called tax-deferred.

Yes - Lincoln has an annuity where you can get the tax-advantaged benefit of the exclusion ratio
(whereby a portion of your payments are non-taxable, as they are considered return of principal) without having to annuitize the contract.

But we’re getting even more into the weeds with this now.


BUT - we’re that many more posts closer to our goal!!!

 

[hoopsupstate]

Don’t forget Ross and the two wideout transfers.

 

[orangefog]

Here’s the thing:

When you take $ out of a tax-deferred annuity -
it’s no longer deferred.

And you can’t live off of it if you don’t ever draw on it.

Also -

Let’s say Kyle used kcsu financial wizards to plan for him.

And let’s say he doubled down on your 5% plan, and plopped $2 million into one.

(ignoring for the moment that he would have had to grossed nearly $4M, such that he’d net out the $2M to invest in your plan.)

So thats’s $100k / year in taxable (because he needs to live off of it) income.

And ten years from now (assuming he’s still able to get 5%) it’s still only $100k / year.

And 20 years from now.

And 30 years from now.

That’s what is called fixed income.

Given that inflation is a thing that very much exists, his real income will be decreasing each and every year that passes.

And he’s only 22 right now.

Come on man, I am drinking beers to try to get the tangent posts up to reach the goal. This is too much freaking math!!!!!