Quote:
Originally Posted by THUNDERCHIEF
Don’t worry so much about what you are going to leave your Kids and Grand Kids. Why not give them some cash now to see them enjoy it while your still here.
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“Chief”, I couldn’t agree with you more. I’ve seen too many kids “squabbling” over money after their parents are gone and this was after I’ve heard the same story”I’m not worried about my kids, they are good kids, etc. etc.”. You can give them tax free cash why your still alive and while they may need it for many good reasons. You can enjoy to see the fruits of your hard work and sacrifice put to good use. If you can afford it, help with your grandkids education. There is nothing better you can do.
We purchased our first home in TV in 2005. When the economic downturn came in 2007 - 2008, value had gone down about 20% or maybe a little less. Of course, a loss would only occur if you sold. We didn’t. We did sell a four years later and didn’t lose any money. Long story short, we have purchased three properties in TV since and two other Florida beach properties as investments. We own a beach property and our home here in The Villages. We downsized up north when the time was right and have a visiting condo there that has increased in value over time. Florida real estate has been profitable. So has the stock market if you didn’t panic and sell during the “downturn”. History sooner or later will likely repeat itself again.
