Quote:
Originally Posted by mvbird
Suppose you are 75 yrs +, kids grown, have owned a patio villa, tenant moved out, and you're thinking of selling it. But what next ? and where ? Put proceeds in the bank ? Look in North Carolina ? Roll it over.. 1031 ...into another rental home? A different 55+ community like Margaritaville or James Plantation? Donation to MSPCA? Simplify life and put it in an S&P index fund ? Always enjoy the intelligent comments of the forum.
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Also not knowing your financial situation in life…
Give one third to your grown-up kids, put 1/3 in stocks and bonds, use the last 1/3 to get some really nice stuff you always wanted or go see places you’ve always wanted to see.
At 75 you’re a little bit past halfway to the finish line. 😇