Selling home in the next couple weeks

Discussion in 'Money and Business' started by stickman1978, May 15, 2018 at 9:01 PM.

  1. stickman1978

    stickman1978

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  2. plugger

    plugger Premium Member

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    petronius, hawgeye and thill like this.

  3. GRUNDY

    GRUNDY

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    Buy another? Buy some UA? PAYC?
     
  4. Firefighter

    Firefighter

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    Casino. Roulette. All on black.

    Go big or go home. :)
     
  5. Nostromo

    Nostromo

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    Yeah, I'd gamble it away. Or drink it up. Your choice.
     
  6. bobberbill

    bobberbill

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    Get a nice new boat. Good way to pissaway a lot of $$..
     
  7. jimp

    jimp Hunter gatherer Premium Member

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    Don't know if that portion of the tax code has changed since 2008 but you may have more cash in pocket than you think if you're over 59 1/2 I think it was. Capital gains on a home sale or even two of them in X amount of years are/were non taxable up to a certain aggregate amount if reinvested...or something like that.
    Check to make sure if you do or don't owe.
    Play away with 1/4 of it then some dependable dividend funds might be good to grow for the future.
     
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  8. Luv2hunteup

    Luv2hunteup

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    Is your retirement fully funded? Make sure you have enough for how long you may live vs how long you think you will.
     
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  9. Nostromo

    Nostromo

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    Oh now, what kind of advice is that? lol
     
  10. Nostromo

    Nostromo

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    Now this is good advice!
     
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  11. Spartan88

    Spartan88

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    Look into the midget stripper ETF...
     
  12. stickman1978

    stickman1978

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    My financial planner says I have enough money till 90. I am almost 59 now. Retired last year. Will pay off all my debt and sink some into my other home up north. Still should have $100,000.00 left over.

    What about doing a Roth IRA with it? Can I put the money in, let it grow tax free and take it back out like a bank account? or have to wait until 59 and a half and start to use it if needed.

    Right now I am living off investments which should last another 2 years before I start having to go into my 403b.

    Will be making another appointment with financial planner in a couple weeks. Looking at other points of view. His advice last time we talked was to invest it, of coarse he will get a commission. Just not sure if sticking it is some sort of retirement account or not would be the way to go?
     
  13. stickman1978

    stickman1978

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    Should be all tax free.
     
  14. stickman1978

    stickman1978

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    UA PAYC?
     
  15. PerchOnly

    PerchOnly

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    I don't consider having enough money until 90 being a good thing, unless you strongly believe your odds of making 80 are not good. I would plan to have enough until you're 100. Medical issues can wipe out a lot of cash, stock market down turns can take a huge bite. You still need a long term plan with growth.
     
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