In response to the first part of the digest:
I am here to tell you that probably most of you don't have a money
problem. But you do have a tax problem. If you wait until you are 70
and 1/2 the government will tell you how much you have to take out and
how much your taxes are. If you are lucky to live that long. Now if
you start taking it out now. Say only 6 percent you are meeting the
governments requirements. Buy a new home and let the government pay the
taxes on it. I figured that If I waited till the 70 mark I would be
lucky to escape with 30 cents on the dollar. As it is now I am only
loosing 20 cents on the dollar. Each of us have different priorities.
But you need to get a good CPA or Financial Manager and have them line
you up for your retirement. I make more now than when I was working and
pay less in taxes. That is because I have a smart son. It is not me.
Everyone needs to be in a small business. The tax laws are for those
that have a business. If you are paying too much taxes wait until next
year. Or even later than that it is going to become a burden you are
not going to like one bit. Chuck
I am here to tell you that probably most of you don't have a money
problem. But you do have a tax problem. If you wait until you are 70
and 1/2 the government will tell you how much you have to take out and
how much your taxes are. If you are lucky to live that long. Now if
you start taking it out now. Say only 6 percent you are meeting the
governments requirements. Buy a new home and let the government pay the
taxes on it. I figured that If I waited till the 70 mark I would be
lucky to escape with 30 cents on the dollar. As it is now I am only
loosing 20 cents on the dollar. Each of us have different priorities.
But you need to get a good CPA or Financial Manager and have them line
you up for your retirement. I make more now than when I was working and
pay less in taxes. That is because I have a smart son. It is not me.
Everyone needs to be in a small business. The tax laws are for those
that have a business. If you are paying too much taxes wait until next
year. Or even later than that it is going to become a burden you are
not going to like one bit. Chuck
