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Wright and Alvarado Pre-Draft Activities
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<blockquote data-quote="LibertyTurns" data-source="post: 813383" data-attributes="member: 789"><p>Glad Moses and Jose have a chance here but unless they have a 6-10 year career they likely will not be set. </p><p></p><p>You guys are too funny. $2-3 million is not going to “set you up for life”. Let’s say you got some sort of great annuity that was willing to pay you 10% annually on the balance. S&P averages about 11.5% over a couple decades. That’s $300k/yr NOW. Over time, likely 20 yrs from now (could be less) it’s the equivalent of $150k. By the time they hit 60 it’s only worth $75k in today’s earning power. Then Uncle Sam has his hand in your rich pocket. Hardly “raking it in”. Good money no doubt that early in a career but not enough to mail it in.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 813383, member: 789"] Glad Moses and Jose have a chance here but unless they have a 6-10 year career they likely will not be set. You guys are too funny. $2-3 million is not going to “set you up for life”. Let’s say you got some sort of great annuity that was willing to pay you 10% annually on the balance. S&P averages about 11.5% over a couple decades. That’s $300k/yr NOW. Over time, likely 20 yrs from now (could be less) it’s the equivalent of $150k. By the time they hit 60 it’s only worth $75k in today’s earning power. Then Uncle Sam has his hand in your rich pocket. Hardly “raking it in”. Good money no doubt that early in a career but not enough to mail it in. [/QUOTE]
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