calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We have been building our rental real estate portfolio for 30 years or so, living well below our means, and the chickens have come home to roost. We are quite happy with our spending habits, which means a surplus is generated each year, which we've used to make property loans, which have added to the stash... Horrible first world problem, and I'm sure your hearts bleed for us, but here's the thing:
We pay buckets of taxes each year. I'd really like to move our income into "drooling idiot makes money anyway" status in preparation for the lack of mental acuity I feel creeping up. Looking for tax deferred or free. SWMOB is very security oriented - her Dad used to bury cans with money in the back yard; we keep a fair bit of cash and gold ready to hand in case we have to (?) buy off a DA(?) pay for surgery up front (?).
I am Roth free, she has a tiny Roth from her past employ. All the rental and interest income is taxed right and proper at 28% marginal. Would like to, and am, moving into the stock market (50% Vanguard total stock market, 50% V midcap), but that is with fairly modest weekly amounts and a bunch of spousal resistance. Put a dab into V California tax-free bond fund. Do have a chunk of PenFed certificates which will mature 1/2015. Thanks to a three loan payoffs we have a major amount earning a big 0.85%.
Anyone have suggestions for investments that might pass the spousal security sense + tax deferred/free test?
We pay buckets of taxes each year. I'd really like to move our income into "drooling idiot makes money anyway" status in preparation for the lack of mental acuity I feel creeping up. Looking for tax deferred or free. SWMOB is very security oriented - her Dad used to bury cans with money in the back yard; we keep a fair bit of cash and gold ready to hand in case we have to (?) buy off a DA(?) pay for surgery up front (?).
I am Roth free, she has a tiny Roth from her past employ. All the rental and interest income is taxed right and proper at 28% marginal. Would like to, and am, moving into the stock market (50% Vanguard total stock market, 50% V midcap), but that is with fairly modest weekly amounts and a bunch of spousal resistance. Put a dab into V California tax-free bond fund. Do have a chunk of PenFed certificates which will mature 1/2015. Thanks to a three loan payoffs we have a major amount earning a big 0.85%.
Anyone have suggestions for investments that might pass the spousal security sense + tax deferred/free test?