With a twenty-year horizon until retirement, she could invest in a rental property with a 15-year mortgage, which provides deductions. She would own the rental property outright around the time of her retirement. Then she would have two properties at retirement, giving her rental income without mortgage payment obligations.
More Quotes from David Bergmann:
I don't pay a health and safety fee to restaurants. If they want to raise the price of the meal, that's fine. But customers shouldn't order something and not know what is going into the bill.David Bergmann
If you got a fat severance check at the end of the year, take a look and make sure you are in the same tax bracket.
David Bergmann
If Progressive Nursing is a nurse-staffing service, she might be able to do this. If it is a bona fide employer-employee relationship that cannot be structured as a self-employment relationship and it has no employer-sponsored retirement plan, then she is stuck using IRAs and savings vehicles.
David Bergmann
There is usually an agreement between the person and the trustee that this will happen. But you certainly don't want it written down.
David Bergmann
The tax tail should never wag the investment dog.
David Bergmann
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Based on Topics: Charity Quotes, Time QuotesBased on Keywords: twenty-year
A toothache, or a violent passion, is not necessarily diminished by our knowledge of its causes, its character, its importance or insignificance.
T. S. Eliot
As an Olympic champion gymnast, I have always stayed involved in my sport.
Nadia Comaneci
You would not exist if you did not have something to bring to the table of life.
Herbie Hancock