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  Topic: Making the right financial decision?
boatswain2PA

Replies: 6
Views: 8528

Post image iconForum: Real Estate   Posted: Mon Oct 23, 2017 3:42 pm   Subject: Making the right financial decision?
4 rental properties and 4 mortgages = lots of stress, LOTS of risk, and you don't have a whole lot of cash flow after mortgages and expenses.

4 rental properties and 0 mortgages = minimal stress, n ...
  Topic: Investment Properties...which way to turn
boatswain2PA

Replies: 15
Views: 9737

Post image iconForum: Real Estate   Posted: Mon Oct 23, 2017 3:36 pm   Subject: Re: Investment Properties...which way to turn
I will try to make this simple.

I own a house that we have had rental income from since 1990. It's been a good rental property. We've not had a lot of trouble with the renters so we've been lucky ...
  Topic: A few questions.
boatswain2PA

Replies: 12
Views: 22904

Post image iconForum: Retirement Planning   Posted: Mon Oct 23, 2017 3:22 pm   Subject: A few questions.
As others have said, big risk in being heavily invested in the company you work for. If suddenly the IRS agents are at the door holding a fire sale auction of the company's assets to pay back taxes ...
  Topic: Thrift savings plan (TSP)
boatswain2PA

Replies: 3
Views: 1605

Post image iconForum: Retirement Planning   Posted: Mon Oct 23, 2017 3:11 pm   Subject: Thrift savings plan (TSP)
Annuities are okay for someone who wants an auto-pilot, low risk portfolio. But I think most people can do much better with just a little bit of education.

I don't think you can go wrong with putt ...
  Topic: Our Retirement Plan - Are We Ready Financially?
boatswain2PA

Replies: 5
Views: 2255

Post image iconForum: Retirement Planning   Posted: Mon Oct 23, 2017 3:04 pm   Subject: Our Retirement Plan - Are We Ready Financially?
We have $700,000 in a nest egg and $35,000 in savings. Nest egg is 80% stocks, 20% bonds

One option would be to refinance the house with a 30 year, fixed rate loan, probably under 4%. And add that ...
 
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