Recent content by Monterey298sc

We are renting for the first time the month of December in Key west. Key west is very expensive 400-600 per night, however we found a house in oldtown for 170 a night on VERBO. Wish us luck!

What is the average portfolio here on ER. Just looking to see if I am average or not. I will start. 3.8m cash , not including homes. Primary, rental and lake vacation would add up to about 900,000.

I also just retired and don’t need the 1 M policy. Mine is whole life and does not end. Wife want to keep it or cash out for 130,000. Right now we keep it, but stopped paying premium. In 6 years it will start reducing cash and we will cash in.

No, we closed in June , I think paid him then to do a tax liability analysis to tell us what we will owe this April 18. I have not filed to IRS yet, he just finished today and reviewed. Then he told us we now owe 498,000 on April 18. That is 225,000 more than he told us 3 weeks ago.

I said that to his face today. How can I ever trust your numbers.! . We are going tomorrow to our attorney/accountant who was involved with the sale of the properties. He said we may need to sue .

7 months ago I closed and sold my business property’s to retire. For the last 7 months our accountant has told us we need owe 224,000 in taxes. 3 weeks ago he calls us in and says he made a mistake and now it’s 275,000. Today he called us in and said he neglected to account for retained...

63. Just sold my business to retire so have 1.7M in fixed right now and 1.8M 60/40 AA

60/40 Want 2 years cash

Sold my business property s for 2M now sitting in cash money market at VG. I owe approximately 250K in taxes . So leaves me about 1.75 to invest for retirement. We have IRA with value of 1.8 M Our rental property value about 150,000 Lake home value about 350,000 Primary home value...

Yes , I belong to club last 20 years. Retired last Friday. Now on fixed income. Not sure I will join next year .

We are closing on 2 commercial property’s and the title company wants to electronically transfer to a account. A total of about 1.7 M . I see I should not deposit more than 250,000 in any one account. However they want just 1 account to transfer to. Where to transfer? Vanguard money...

Family owned business for 136 years. I am the 4 the generation. I now have 30 days left. We listed 2 commercial property’s for sale , Both sold both close June 30th. . Scared to death, but excited.

15 more days and done!!!

I am well aware of a estimate of the taxes owed in 2023. I do Appreciate all of the advice.

In 21 days I will sell the real estate for 1.8 M . I have a IRA for 2M and my Broker wants me to put the 1.8 M in a annuity. No annual fees, just credit for my total. I know there is a huge commission. School me on annuities please ?