DALPA C19 Survey
09-10-2018 | 10:39 AM
#231
Gets Weekends Off
Joined: Apr 2007
Posts: 5,535
Likes: 499
I have passed the time where I want to be messing around with real estate.
The rules of the road changed 15 years ago WRT retirement. Delta has proven themselves an unreliable partner in our financial future. What you want to do may not be an option.
I'm just not interested in the hassles of renters, maintenance and all that stuff.
Ditto, but you could handle the benefits of long term passive income. This is solved through division of labor. Stick to flying airplanes and let property managers and handymen do what they are good at. Trip7 hits the nail on the head with "division of labor"
If I had it to do over again, I would have bought a rental property with my ROTH IRA and had all that profit go in to my retirement account tax free (dyodd btw on that).
Lots of DYODD required when dealing with ROTH IRA and income property
I don't have anywhere near enough information on these various proposals so I am not committed to any of them. I do know that my tax bill when I retire will not be significantly less than it is now, so adding to my current tax bill might not be the best plan for me. What I hope the MEC comes up with are options and not an all or nothing plan that incorporates either all of us or none of us. That would truly suck.
The rules of the road changed 15 years ago WRT retirement. Delta has proven themselves an unreliable partner in our financial future. What you want to do may not be an option.
I'm just not interested in the hassles of renters, maintenance and all that stuff.
Ditto, but you could handle the benefits of long term passive income. This is solved through division of labor. Stick to flying airplanes and let property managers and handymen do what they are good at. Trip7 hits the nail on the head with "division of labor"
If I had it to do over again, I would have bought a rental property with my ROTH IRA and had all that profit go in to my retirement account tax free (dyodd btw on that).
Lots of DYODD required when dealing with ROTH IRA and income property
I don't have anywhere near enough information on these various proposals so I am not committed to any of them. I do know that my tax bill when I retire will not be significantly less than it is now, so adding to my current tax bill might not be the best plan for me. What I hope the MEC comes up with are options and not an all or nothing plan that incorporates either all of us or none of us. That would truly suck.
You may be in a situation where the tax savings outweigh the risks for a short term NQDC plan.
09-10-2018 | 01:15 PM
#232
Gets Weekends Off
Joined: Nov 2011
Posts: 4,556
Likes: 11
The sad part is a lot can't see the Forrest through the trees and are doing exactly that.
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09-10-2018 | 04:06 PM
#233
Gets Weekends Off
Joined: Sep 2008
Posts: 6,971
Likes: 0
From: Kickin’ Back
By the way, the saying "You cannot see the forest for the trees." In other words, don't concentrate on the minutia and forget about the big picture.
Maybe other peoples "big pictures" are different than yours...
Denny
09-10-2018 | 04:37 PM
#234
Gets Weekends Off
Joined: Nov 2011
Posts: 4,556
Likes: 11
Is that a freudian misspelling of "forest" there?????
By the way, the saying "You cannot see the forest for the trees." In other words, don't concentrate on the minutia and forget about the big picture.
Maybe other peoples "big pictures" are different than yours...
Denny
By the way, the saying "You cannot see the forest for the trees." In other words, don't concentrate on the minutia and forget about the big picture.
Maybe other peoples "big pictures" are different than yours...
Denny
Auto correct victim. Clearly everyone here has a different big picture.
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09-10-2018 | 07:23 PM
#236
Gets Weekends Off
Joined: May 2015
Posts: 7,292
Likes: 0
From: A350 Both
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