Recent content by lakerunner

  1. L

    Buying in a rural county as an older family

    We recently moved from an urban area to a somewhat rural area. For my wife and I, it is great. Although it does take some getting used to. However, I would be concerned about your son. Will he get any social interaction with people his age?
  2. L

    Real estate agents in this market...

    I can relate. We bought our current house from the daughter of the original owner. She was having a yard sale and I told we we wanted to move to this street. No Realtor and a one page purchase and sale. (We moved from eight houses away on a busier street.) After 15 years and a major...
  3. L

    Costco Tire - Hard to do business with?

    Discount tire is buying Tire Rack, so I don't know what that means price wise. I tend to get most ofmy tires at Discount Tire and specialty tires from Tire Rack. Link to the article if anyone cares...
  4. L

    Can someone explain time sharing?

    Time shares are like a lot of other consumer goods. If you buy new, you pay the depreciation. My father owned 48 weeks of time shares in Florida. He bought them for net to nothing. Never more than $1,000 . He would stay for 12 weeks, then rent out the others. The rents covered the...
  5. L

    Any other "Car Guys" planning for FIRE?

    I have this in my car and I love it.
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    Any other "Car Guys" planning for FIRE?

    The timing of this topic could not be better. I have worked my wife since we got married, that when I retired, I was going to have a car that was strictly a toy. I am in the process of building a 3 car garage at our retirement home now. My struggle now is what togetherness as a toy? I have a...
  7. L

    Question about umbrella insurance

    We had to use ours when my son, who was in high school at the time, hit someone who ran a red light. The other driver sued us. With a high limit policy, I let the insurance company hire the lawyer to defend my son. (He was driving my car and completely in the right.)
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    Who Is Your Role Model for Retirement?

    My father also retired at 62. He and my mother raised three of us on one pay check. He passed last year with a little more than a million in his estate. As one of his grandson's told me after his passing: "He taught me how to be cheap.
  9. L

    How many have bought something "cool" after an inheritance?

    My father recently passed and a rental condo that he owned was just sold. I am using those funds to pay for. garage at our retirement house.
  10. L

    Blow That Dough! -2021

    I don't post much on here, but since my accounts are dropping rapidly, I thought Should. We have been planning a major upgrade to our weekend home with the plan to make it our primary residence. With Covid, we have been dealing the start of the reservations. But two weeks ago, the heavy...
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    Ellijay - Blairsville - Blue Ridge GA

    We have had a weekend home on Lake Nottely in Blairsville for a little over 20 years. I finally retired this past year and we re in the process of upgrading the house to be our long term home. The area has taken off over the past year. I think properties are over priced. I considered...
  12. L

    No probate for me

    I am finalizing my father's estate in Massachusetts. Since he had set up all of hs investments with beneficiaries, the only real item to deal with was one piece of property. Due to Covid, it took close to a year to settle, but the legal fees were just under $4,000. I thought that was...
  13. L

    Selling Mortgage Notes

    I had a similar situation years ago. It was a first montage and the offer was very low. I turned it down and continued to collect the payments for years until the owner sold. 5% is a nice income.
  14. L

    Having money to help the kids

    Something else to think about: My father had always supported my younger sister (even through her 50's) and my nieces and nephews. (Their mother, my older sister passed about 5 years ago.). My father made it clear to me and through his will/trusts that he felt he had helped out both my sisters...
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    Signed Up For LTC Policy

    My father decided to buy life insurance instead of LTC insurance. His thoughts were that he knew he would die. But did not know if he would need long term care. In the end, My mother needed about $50,000 in non-covered care during her last year. My father, who passed last year, never needed...
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