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Is everybody happy with they new tax law
Keyser Soze Wrote in message:
On 1/10/18 11:17 AM, amdx wrote: On 1/9/2018 10:38 AM, Keyser Soze wrote: wrote: On Tue, 9 Jan 2018 07:29:52 -0500, Keyser Soze wrote: On 1/8/18 11:07 PM, wrote: On Mon, 08 Jan 2018 19:47:56 -0500, wrote: On Mon, 8 Jan 2018 19:29:11 -0500, Alex wrote: wrote: On Sat, 6 Jan 2018 22:35:27 -0500, Alex wrote: amdx wrote: and hey, how about the stock market? I should do well under the new tax law, looks like I'll qualify for the pass thru, knocking off 20% of my business income from being taxable. and a Standard deduction of $24k, what's not to like. I'll will lose two child deductions, but I would have lost one anyone, she's getting married. Mikek My 401K hit seven figures shortly after President Trump was elected and has grown even more. I'll have to see how it affects my paycheck. The new rates won't be active until next month. If this continues I might be able to retire at 55! === I've been moving into more conservative, and more diversified assets in anticipation of a market pull back. I'd suggest keeping your job a bit longer if you enjoy what you're doing. Inflation becomes a real risk once you stop working. --- This email has been checked for viruses by AVG. http://www.avg.com I'm realistically looking to retire by 60. I've got a few IRA's and some non-retirement investments, too. I don't want to have to watch the market all the time to feel comfortable. Investing new money is challenging right now with the market so high. I'm looking more and more at real estate. === I like real estate because it offers some protection against inflation, and it offers an opportunity to use leverage effectively. Managing rental property requires a fair degree of skill and effort however. Renters are generally a pain in the ass. It takes a special personality to be a landlord. The only way I would do it is with an agent and hold the property as an LLC. I did look into it when we were trying to buy the house next door but I made up my mind I would have just used it for my shop. The house was and still is a tear down but there is some old nasty woman renting it. I doubt she has made a dime in the last 2 years still trying to get the money back it took to make it livable. She paid 100k for it and probably has another 100k in it renting for $1300 a month. Probably fetch more rent were it not located next to a disreputable tiki bar... Now it is disreputable? Drinking, dancing, nude swimming, dogs ... Sounds great, except for those damn dogs! :-) Sure does. About a half dozen of our near-neighbors have pools but hardly anyone uses them...so try as I might, I never see any nude swimming. On the other hand, one near neighbor has an elaborate pond system which he used to keep stocked with koi. But the fish kept "disappering." I had a trail camera I loaned him and, lo and behold, it turned out the neighborhood raccoons were fishing there at night. Without licenses, no less. Voyerism doesn't seem to be working for you. Poor baby. -- x ----Android NewsGroup Reader---- http://usenet.sinaapp.com/ |
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