Re: OT- Retirement....

Posted by Midwest redneck on March 10, 2005 at 14:50:25 from (64.136.49.225):

In Reply to: OT- Retirement.... posted by z145fergie on March 10, 2005 at 12:54:32:

My dad retired at 64, they offered him a 6month of his pay buyout and he said....sure. I dont ask about my parents financial situation, it aint my business, but it will become my business when they are gone. One bit of advice that I know of.....If your house is worth $250,000 you can sell it and buy a say $150,000 house and pocket the $100,000 and not pay taxes on it, I am pretty sure this is right, ask a tax accountant first before taking my advice. I would like my parents to sell their house and pocket some money but I dont tell them what to do.
One last thing about investments, be your own boss, dont get scammed and remember that preferred stocks like GM and Ford and Exxon are paying 7.5% return on the dividends, and thats not bad considering CD's from banks.

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• Re: OT- Retirement.... Dug 16:30:15 03/10/05 (0)

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