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2021 RE tax $13,427 2021 Home Ins $1,510 2022 RE tax $13,435 2022 Home Ins $1,820 up 22% Might have to shop for new insurance company. And our RE will go up next year at least 5% because they already announce a big expenditure. This is on top of high income tax rate. I need to move out as...

Thanks so much for all the replies so far.

What was the secret? What advice would you give to parents? We have a 10 and 12 yrs old kids. TIA

I wonder about that. I also wonder is any other HOA has implemented such a ridiculous rules.

Not near by and it would by more inconvenient.

Thank you for the reply. I had tried multiple times to contact the management without success. I will try again tomorrow. Hopefully it is just a misunderstanding and it will be resolved easily and quickly. Unfortunately this is not the first time the building is making difficult for my mom. She...

Thanks for the reply. This was not issue in the past. So I am sure the coop allowed housekeeper and home aide to access the laundry in the past. This is a recent change due to COVID 19 they claim. So I am sure it not part of bylaws.

My mom lives in a coop located in New York. Recently they send a notice that housekeepers are not allowed to use laundry facility due to covid 19. My mom is disabled and over 85yrs old. She has a home aid that comes weekdays to help with her chores including laundry. Today, someone stopped the...

Vegetarian

1. Buying a heated bidet. 2. Switching to safety razor from disposable one. 3. Buying eyeglasses online 4. Buying a citizen eco drive radio controlled 5. Switching from actively managed stock to low cost tax efficient index etf 6. Becoming vegetarian 7. Buying Investment condos at the right time...

Thanks for the info.

How do you convert US dollars to Euros? I would imagine you would need to do that for rent and living expenses.

There is no point and nothing new. Just pointing that you can be in a nice tax situation which I referred to as tax haven.

Zero tax bracket is only for qualified dividend and capital gains. So you would generally need assets to produce that type of income. A married couple with that much wage income would have to pay taxes.

First of the $8, $1.5 is in the home which they can enjoy fully to the rest of their life . The $2mi in retirement fund will be spend after 65, so they will enjoy that too. It is so unusual to have millions of it is assets that have appreciated and not taxed go to heirs. They can enjoy a nice...

To bring down their expenses.

Yes. This time it is not about ACA but rather the untaxed appreciation and zero tax bracket making a nice tax situation to have.

Why would they need to support the parents. The cash flow is more than enough when you don't have much taxes to pay, no mortgage, and no high medical insurance?

I could have set them up in TN. This way they do not have high RE taxes and don't need to sell the house. Didn't realize TX has high RE taxes.

Oh, And between standard deduction and zero tax bracket, they don't to pay tax on 103K of income.

That all the unrealized appreciation outside of tax deferred accounts will go untaxed. That there is no asset test for ACA, when the couple has a networth of over $8m.

Then they can move to a low RE tax state and pay a little of state income tax. Since they have no mortgage, expensive medical insurance, college tuition, the cashflow amount is decent for two people to have a nice life. Maybe the son who getting all the assets tax free (income and Estate) can...

John and Sarah are married couple who live in Austin, TX. John is a 55 yrs old recently retired from his own dental practice. Sarah is 50 yrs old tax accountant who also recently retired. They bought their house 20 yrs ago at 200K which is currently worth $1.5Million. The mortgage was recently...

Yes, I agree. Some of those stuff sound made up or misused. It is hard to find unbiased opinions from those who are not trying to sell you stuff or benefit somehow.

I agree. A trip on NYC subway and you can see so many overweight or obese people. There are so much junk food in this country. I have a hard time finding healthy inexpensive snacks for my kids. The cost of meat is often times lower than many fruits and vegetable. And so much processed and...