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Originally Posted by philfree
We just sold a family property, and I got a pretty big chunk of change from it. I may owe $20,000.00 in taxes but that's not enough for me to want to do 1031 exchange so I'm just going to pay the government so they can send it off for tranny research on monkeys or something. After that I'm going to use the majority of it to buy a house out in the desert. Gonna be a "Snowbird" starting next winter.
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Quote:
Originally Posted by crayzkirk View Post
Yay! I finally get to start taking out of Social Security. Reached my full retirement age of 66 & 8 months. First check comes at the end of the month.
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I think I'm going to take mine at 64. Hopefully they get the tax package passed so there's no Federal Income Tax on it. I've got it figured where it will pay the small mortgage, property tax and monthly home owners insurance on the Snowbird House. I have my other investments working for me and I own all my other stuff so I should be able to live quite comfortably till the inevitable occurs. Rock till you drop!