Let’s imagine, if you will, that you have a large (50% of your total assets) payment to make, to a past mistake in your life.
would you wipe out 75% of your 401k and 90% of your brokerage.
or would you sell your paid for homes, and keep about 85-90% of your investments? You are 57 yrs old.
yes I know I should, and will, consult my investment guy, but I feel there’s some folks here that could have some respectable comments.
If men were any more stupid, we would have breed for the extinction of women. Proof yet again that WE are the best thing they have going for them.
I know a Sicilian who might be able to help your situation . . .
you know the Sicilian?
If men were any more stupid, we would have breed for the extinction of women. Proof yet again that WE are the best thing they have going for them.
@joe_hoopsier My wife if 1/2 Sicilian. Her dad is looks like a guy straight out of an Italian mobster movie. His dad said he knew guys who ran around with Capone mobs (he was a straight arrow).
What do you think Dave would say?
I'm thinking he would say dump the houses. I think. And I think that is the answer, but I am actually asking opinions.
As a side note, I am thinking of dumping the investments NOW (short term). Build a new house on a piece of dirt I own myself, then sell the houses and put the money back.
It makes her go away now, and in 4-6 months I can have basically the same investment position. So I loose 4-6 months of any $ gains.
I'm probably thinking to much about it. Your opinion UncleDave?
If men were any more stupid, we would have breed for the extinction of women. Proof yet again that WE are the best thing they have going for them.
I'm thinking houses first, brokerage second, and 401K last.
Where would you live? Shack with #1?
@unclemark That's probably the correct answer, thanks for that.
#1 (legacy) would love that actually. Maybe short term rent here while I build or do what I really want and call Bama home. It's not worth much but it makes me drun.. Happy.
If men were any more stupid, we would have breed for the extinction of women. Proof yet again that WE are the best thing they have going for them.
@Sammy LOVE the new Gif button ! ! !
If men were any more stupid, we would have breed for the extinction of women. Proof yet again that WE are the best thing they have going for them.
I'm thinking he would say dump the houses. I think. And I think that is the answer, but I am actually asking opinions.
As a side note, I am thinking of dumping the investments NOW (short term). Build a new house on a piece of dirt I own myself, then sell the houses and put the money back.
It makes her go away now, and in 4-6 months I can have basically the same investment position. So I loose 4-6 months of any $ gains.
I'm probably thinking to much about it. Your opinion UncleDave?
Dump the property, save the investments, live somewhere cheap for a while.
Dump the property, save the investments, live somewhere cheap for a while.
Funny that the two poorest bastards on the board are the ones responding.
Let’s imagine, if you will, that you have a large (50% of your total assets) payment to make, to a past mistake in your life.
would you wipe out 75% of your 401k and 90% of your brokerage.
or would you sell your paid for homes, and keep about 85-90% of your investments? You are 57 yrs old.
yes I know I should, and will, consult my investment guy, but I feel there’s some folks here that could have some respectable comments.
1. sell everything.
2..Get fake passport.
3. Move to Costa Rica.
