Quote:
Originally Posted by melpetezrinski
House and boat loan keep.
Assumptions:
Invest in fixed income earning 5% risk free. If you invest in securities, that would be a much bigger discussion around other assets availalbe in case of a downturn in the markets. Would also need to know your expected tax rate on the capital gains of said investments.
Auto loan pay off.
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Thank you all for the thoughtful replies and responses.
I'm a buy and hold kinda guy who is moderately risk-averse, so my stock market investments and property investments are usually a minimum of a decade long. Even my cars I keep well over 10 years, my last was 17 years. I have exactly zero children so I plan to spend everything I have - just got to make it last at least as long as I do. Therein likes the trick.
As for the tax rate on capital gains, my state of primary residence has zero income tax, and zero taxes on investments and capital gains - so federal tax only.
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Chino 1960's to 1976, Torrance, CA 1976-1983, 87-91, 94-98 / Frederick Co., MD 1983-1987/ Valencia, CA 1991-1994/ Brea, CA 1998-2002/ Dana Point, CA 2002-2019/ Knoxville, TN 2019-Current/ FL 2022-Current
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