What would you do with an extra $50,000?

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  #16  
Old 11-11-2019, 05:55 PM
retiredguy123 retiredguy123 is offline
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I'm glad I don't have any life insurance. When I die, I want it to be "real" tragedy.
  #17  
Old 11-11-2019, 05:59 PM
B-flat B-flat is offline
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Quote:
Originally Posted by karostay View Post
Sell my house here build on a Lake in either Virginia , Tennessee or Kentucky
Interesting answer many come here because they find it to be paradise for them. Why the states you mentioned?
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  #18  
Old 11-11-2019, 08:53 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
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What would I do with another $50k? We'd repay a loan, and get health insurance. There'd be nothing left to that $50k after that.
  #19  
Old 11-11-2019, 10:54 PM
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They say you have a better chance of being crushed by a meteorite than hitting the lottery, but a life settlement could be the equivalent of "hitting the big one" – only with a much better chance of it actually happening.
People winning the lottery every couple weeks or so. Don’t think I ever heard of anyone being crushed by a meteorite
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  #20  
Old 11-12-2019, 05:12 AM
Two Bills Two Bills is offline
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Originally Posted by retiredguy123 View Post
I'm glad I don't have any life insurance. When I die, I want it to be "real" tragedy.
I like the story of the very short Will reading in the presence of all an old guys four children.

Simply said. Spent the lot, and your mother and I were never married!
  #21  
Old 11-12-2019, 08:23 AM
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Originally Posted by CoventryDirect View Post
Virginia is incredible this time of year! Have you driven through Virginia during foliage season? Quite a sight to behold!
The rural Chesapeake Bay is the most beautiful. I miss it everyday. Take the money and buy a beach property!
  #22  
Old 11-12-2019, 09:22 AM
tophcfa tophcfa is offline
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I would use it to help pay for a portion of our outrageously expensive health insurance until we turn 65.
  #23  
Old 11-12-2019, 11:07 AM
Mumbles Mumbles is offline
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Originally Posted by Two Bills View Post
Maybe they decided not to die?
We both sold our life insurance policies about 4 months ago before moving here. We have no children. We were able to repaint our house near Jville--inside and out-- buy new, modern ceiling fans that are very attractive; buy all new screens for our many windows AND the screened patio; replaced smoked double-paned window glass (several); took out all carpets and replaced with wood flooring; replaced the roofing; redid the front landscaping.

As a result, we were able to sell our home for top dollar. It was bought in 1 DAY.

Then, we purchased cremation urns and services for about $2,000 each.
  #24  
Old 11-12-2019, 03:20 PM
CoventryDirect CoventryDirect is offline
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Originally Posted by Mumbles View Post
We both sold our life insurance policies about 4 months ago before moving here. We have no children. We were able to repaint our house near Jville--inside and out-- buy new, modern ceiling fans that are very attractive; buy all new screens for our many windows AND the screened patio; replaced smoked double-paned window glass (several); took out all carpets and replaced with wood flooring; replaced the roofing; redid the front landscaping.

As a result, we were able to sell our home for top dollar. It was bought in 1 DAY.

Then, we purchased cremation urns and services for about $2,000 each.
Great story! Will you be updating your current home in The Villages as well?
  #25  
Old 11-12-2019, 05:45 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
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We borrowed against one of our life insurance policies. We pay back just a modest amount in interest. If we don't pay the premium back we simply don't get that amount when we die. But we didn't borrow the entire value, just a portion of it. So even if we never pay it back, we'll still get enough to cover the cremation costs and a nice memorial service with a decent lunch spread.
  #26  
Old 11-12-2019, 08:03 PM
tophcfa tophcfa is offline
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I have never considered selling our life insurance policy. Call me a nervous nellie, but I don't want someone else owning a policy on my life who has a strong financial interest in me dying as soon as possible. Am I missing something here????
  #27  
Old 11-13-2019, 07:38 AM
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Originally Posted by tophcfa View Post
I have never considered selling our life insurance policy. Call me a nervous nellie, but I don't want someone else owning a policy on my life who has a strong financial interest in me dying as soon as possible. Am I missing something here????
Never be worth more dead than alive!
  #28  
Old 11-13-2019, 08:33 AM
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I no longer go where palm trees do not grow!!!!
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  #29  
Old 11-13-2019, 10:33 AM
tophcfa tophcfa is offline
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Originally Posted by Bay Kid View Post
Never be worth more dead than alive!
You would be to the party that owns your life insurance policy. It’s simple finance and the time value of money. They no longer pay premiums and receive the policy’s death benefit when you die. The sooner that happens, the more valuable the policy on your life is to them. Very simple.
  #30  
Old 11-13-2019, 02:50 PM
Giorgiohazzis1948 Giorgiohazzis1948 is offline
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Payoff college loan for my wife.
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