« Welcome to the Club! | Main | Picturing Retirement: Not Your Parents' Retirement »

November 19, 2012

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e54f2149068834017ee56ba53e970d

Listed below are links to weblogs that reference Penny Wise and Pound Foolish (or Stupid Tax Tricks):

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Financial Samurai

Some excellent points you make Syd. Making investment decisions predominantly for marginal tax reasons is probably not the best bet.

Your real estate story is interesting, b/c I've been thinking of selling my house in a couple years (bought a while ago), simplifying, and moving into one of my rentals for two years, and then selling for the tax free gains vs. just selling my rental as soon as my tenant leaves next year.

Long term cap gains is 15%. If say the profit is $300,000.... $45,000 is a lot of money to pay and I think the housing market is getting better, not worse. Hence, staying for 2 more years could be good, but who knows!

Sam

Retired Syd

Sam: I have to think that strategy is a better idea now than it was in 2008 right before the real estate bubble popped. But you're right there's always a risk of the unexpected! One risk is the real estate market but the other risk is a change in the tax rules regarding tax-free home sales.

My Life

Ha! I'm with 'Scared'. But what took you so long to figure this out? I saw the writing on the wall back in 2001 and dropped out then and there.

Not scared any more.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

My Photo

Enter your email address:

Delivered by FeedBurner

Twitter Updates

    follow me on Twitter

    Widgets

    • Boomers  Blogs - Blog Catalog Blog Directory