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Originally Posted by gravesend
...the house is worth about 700k w/ no mortgage and earning about 25k post expenses.* (it's been their PR for the last 15 years and they qualify for the 500k exclusion) what we'd like to do is sell the house and use it to fund the rest of their lives.* what are some ways we can invest the money to give a "safe" return without having to tap into the principal?* the target income would need to be at least 25k a year.
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If they can net at least $625K after selling the house, then they can put it in 4% CDs giving them the $25K they need.
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