Lifetime Fishing Permit Question

[Bushbeater]

With the holidays coming, it would make a great gift for a child or grandchild. My son got one as a gift from my father when he was about 14, he's over 40 now so has saved what? about $300 plus never having to hassle with buying. He has a nice brass card and some conservation officers mentioned it's the first one they've seen. So grampa buy that kid one.

[Terrierman]

On 11/15/2019 at 9:46 PM, Gavin said:

MDC Lifetime permits are a bad value. You do not know what life will toss at you.

So is life insurance with that point of view.

 

[slothman]

I have the lifetime hunting and fishing permit. It includes everything except deer, turkey, and the duck stamp (it does include migratory bird). You also still have to buy a daily trout tag if fishing in the parks, but do not have to purchase a trout tag for the streams or Taneycomo.

 

i believe if you have the lifetime permit and move out of state, you are still permitted to hunt/fish in Missouri using your lifetime permit. I asked about that when I purchased it years ago as it was a major concern of mine. The best time to get it is when you are a teenager. I wish I had purchased mine when I was a teen, but I was worried about moving out of state when I got older (which I later learned was a non-issue). It takes a long time for the math to work, but I will save quite a lot of money in the long run.

Plus, it makes it much easier for me to go dove hunting or trout fishing. I normally might not get a permit to go once or twice in a year, but now I can go one time in a year and it is no big deal. I don’t have to put any thought into it at all. If I want to go, I go. 

[Gavin]

I understand the time value of money, and MDC permit costs are cheap.Likely to remain cheap due to the 1/8 cent sales tax. No break even for a 25-30 year old ,IMO. They should send a donor letter if you buy  a lifetime permit.Take it off your taxes if you can still itemize. The Insurance folks could calculate that so it is a win win for most but it is not.

[fishinwrench]

I'd say it's more about convenience than a smart money option.   For the price of a lifetime hunting/fishing license I can buy a Mercury throttle position sensor or HP fuel pump, sell it, and profit enough to buy permits for me and all my closest buddies for 15 years.  😆

[snagged in outlet 3]

I have my eye on that age 60 price!

[ness]

Divide the lifetime cost by the current annual cost to get the number of years you’re paying for. If you think you’ll be in MO long enough to make it pay, and you have the money, and it’s a priority for you today, you should buy it. If not, don’t. No tax angle. 

Now go and worry about more important stuff. 😄

[snagged in outlet 3]

44 minutes ago, ness said:

Divide the lifetime cost by the current annual cost to get the number of years you’re paying for. If you think you’ll be in MO long enough to make it pay, and you have the money, and it’s a priority for you today, you should buy it. If not, don’t. No tax angle. 

Now go and worry about more important stuff. 😄

Wow!   Regular math wiz aren’t ya?😁

[liphunter]

1 hour ago, snagged in outlet 3 said:

I have my eye on that age 60 price!

Yea I went for last year at 61. Saved a vast fortune of 12 dollars over four years. Celebrated by going out a losing a whopper plopper.  But it is convenient, never having to think about it. 

[ness]

1 hour ago, snagged in outlet 3 said:

Wow!   Regular math wiz aren’t ya?😁

Surprised I needed to explain it, but it seemed some folks were struggling with the concept 😄