| Author |
Message |
 Topic: What exactly is like-kind exchange? |
oldguy
Replies: 6
Views: 6495
|
 Forum: Real Estate Posted:
Sun Jul 26, 2020 11:59 pm Subject: What exactly is like-kind exchange? |
| You have it almost correct - ie, capital gains tax plus depreciation recapture. But additionally, your $440k base is lower by the amount that you depreciated over the years. |
| Topic: ETF Question |
oldguy
Replies: 7
Views: 6405
|
Forum: Investing, Stocks and Bonds Posted:
Fri May 29, 2020 11:08 pm Subject: ETF Question |
MSFT, AAPL, GOOG, XOM, BRK, FB, JNJ, AMZN, GE, WFC,
These 10 stocks comprise of 20% of the SP500 value. |
| Topic: losing job what now...best options? |
oldguy
Replies: 7
Views: 7943
|
Forum: Retirement Planning Posted:
Tue Dec 17, 2019 10:32 pm Subject: losing job what now...best options? |
Sorry about the job loss. And congratulations on building up your $376,000 account.
Personally, I would invest that $376,000 more aggressively, If you earned about 8% on the $376,000 that would be ... |
| Topic: 2 million trust fund |
oldguy
Replies: 13
Views: 28568
|
Forum: Personal Finance Posted:
Fri Nov 15, 2019 4:47 pm Subject: 2 million trust fund |
| I agree it is alot of money, however, i am sure there are ways in which to get a much larger income even if there is alot of risk involved. any other suggestions i want to be armed with ideas when i m ... |
| Topic: 28 steps to a million game... |
oldguy
Replies: 86
Views: 160955
|
Forum: The Green Room Posted:
Tue Sep 24, 2019 2:51 am Subject: 28 steps to a million game... |
| Xxx |
| Topic: Trip to England |
oldguy
Replies: 13
Views: 5631
|
Forum: The Blue Room Posted:
Mon Jul 15, 2019 4:42 pm Subject: Trip to England |
Stonehenge is an interesting spot - plus you drive thru some colorful farmlands to get there.
And Salisbury is only about 15 or 20 miles south of Stonehenge, the Salisbury cathedral is over 1000 yea ... |
| Topic: How can I apply for a train driver in England? |
oldguy
Replies: 6
Views: 4144
|
Forum: The Green Room Posted:
Thu May 23, 2019 1:29 pm Subject: How can I apply for a train driver in England? |
| Do you know how to drive a train? |
| Topic: Maturing Bonds. What to do. |
oldguy
Replies: 5
Views: 9082
|
Forum: Investing, Stocks and Bonds Posted:
Fri May 03, 2019 3:50 pm Subject: Maturing Bonds. What to do. |
| Your choice depends entirely on what your goals are. Eg, if you are over 60 you need 'wealth preservation' - savings accounts, CDs, etc. And if you you are younger, you need 'wealth-building' items - ... |
| Topic: Build a rental unit, buy a duplex, or sell? |
oldguy
Replies: 9
Views: 11331
|
Forum: Real Estate Posted:
Fri Mar 08, 2019 2:37 am Subject: Build a rental unit, buy a duplex, or sell? |
| My most recent refi's were with Chase - the last 3 I believe. All were 30 years, fixed rate. The Non-Owner Occupied premium was 1% or 1.13%. And the required DP is typically a little higher, bankers ... |
| Topic: Build a rental unit, buy a duplex, or sell? |
oldguy
Replies: 9
Views: 11331
|
Forum: Real Estate Posted:
Wed Mar 06, 2019 8:02 pm Subject: Build a rental unit, buy a duplex, or sell? |
| If you opt for the $80k ADU, I sure wouldn't own it 'free & clear". The US mortgage provides some of the cheapest capital in the world - where else can you walk into a bank, ask for $300k, demand ... |
| Topic: What exactly this means? |
oldguy
Replies: 7
Views: 9586
|
Forum: Investing, Stocks and Bonds Posted:
Sat Feb 09, 2019 4:03 am Subject: What exactly this means? |
| Years ago people would buy a house, own it in an LLC, then rent it to themselves for small amount. The idea was that the house would be classified as a rental - and therefore a depreciable asset that ... |
| Topic: 401K Hell |
oldguy
Replies: 7
Views: 10977
|
Forum: Retirement Planning Posted:
Sun Jan 20, 2019 8:45 pm Subject: 401K Hell |
I am also going to inquire next week to see if my plan allows a rollover to an IRA while I am still employed.
I'm pretty certain that the answer is 'no". And it's not your company plan rules, it i ... |
| Topic: 401K Hell |
oldguy
Replies: 7
Views: 10977
|
Forum: Retirement Planning Posted:
Sun Jan 20, 2019 8:41 pm Subject: 401K Hell |
Based on your age, I would be 100% in the VITSX. Three reasons - 1, it is unmanaged, and 2, it is widely diversified.
1. History shows that only 15% of fund managers beat the SP500 Index (which has ... |
| Topic: Do you have gun? |
oldguy
Replies: 7
Views: 2975
|
Forum: The Green Room Posted:
Fri Dec 07, 2018 2:30 am Subject: Do you have gun? |
| Yes, several. No need. |
| Topic: Infinite Banking |
oldguy
Replies: 46
Views: 71649
|
Forum: Retirement Planning Posted:
Sat Nov 17, 2018 6:53 am Subject: Infinite Banking |
to become financially independent by “becoming their own bankers.” R. Nelson Nash discovered IBC in the early 1980s,
Earlier it was the 'Australian Banking System'. And 'Be Your Own Banker'. A ... |
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