Taxed and Spent wrote:
>penmart01 wrote:
>> lucretiaborgia wrote:
>>>
>>> The only difference between John and you is that you inherited your
>>> house and he has to buy it - think about it!
>>
>> Nothing to think about... inheriting a house and buying a house with
>> inherited money are exactly the same.
>
>Except for the concept of CHOICE. Duh.

Both the same... buying/selling real estate are equally convoluted.
One can always sell the inherited property and use the cash to buy one
of their liking, or buy nothing and place the money in the piggy bank
of choice. Inherited is Inherited, regardless how twisted they are
the same. Duh!

Actually by inheriting cash John is in a much better position. I
would advise John to contemplate for at least two years before
spending his inheritance... spend time and energy looking at other
properties.
I would've also advised Jill to contemplate at least two years before
deciding to move into her inherited house, making sure she can
comfortably handle the finanacial aspects and if she truly needed to
support all that space plus attached expenses.... to me it seems like
way too much for a person on their own.

Being faced with both scenerios I'd have purchased different
properties. A single who doeasn't play golf doesn't need the expense
of living in a huge house on a golf course... and a single doesn't
need the responsibility of being the landlord of a student's rooming
house. Both scenarios will eventually place both in the poor house.

On Tuesday, July 18, 2017 at 5:30:49 PM UTC-5, Sheldon wrote:
> Taxed and Spent wrote:
> >penmart01 wrote:
> >> lucretiaborgia wrote:
> >>>
> >>> The only difference between John and you is that you inherited your
> >>> house and he has to buy it - think about it!
> >>
> >> Nothing to think about... inheriting a house and buying a house with
> >> inherited money are exactly the same.
> >
> >Except for the concept of CHOICE. Duh.
>
> Both the same... buying/selling real estate are equally convoluted.
> One can always sell the inherited property and use the cash to buy one
> of their liking, or buy nothing and place the money in the piggy bank
> of choice. Inherited is Inherited, regardless how twisted they are
> the same. Duh!
>
> Actually by inheriting cash John is in a much better position. I
> would advise John to contemplate for at least two years before
> spending his inheritance... spend time and energy looking at other
> properties.
> I would've also advised Jill to contemplate at least two years before
> deciding to move into her inherited house, making sure she can
> comfortably handle the finanacial aspects and if she truly needed to
> support all that space plus attached expenses.... to me it seems like
> way too much for a person on their own.
>
> Being faced with both scenerios I'd have purchased different
> properties. A single who doeasn't play golf doesn't need the expense
> of living in a huge house on a golf course... and a single doesn't
> need the responsibility of being the landlord of a student's rooming
> house. Both scenarios will eventually place both in the poor house.

Watch me make this WORK!!

I already have the garage covered!

https://scontent-ort2-1.xx.fbcdn.net...47&oe=5A115284

John Kuthe...

On 7/18/2017 6:30 PM, wrote:
> Taxed and Spent wrote:
>> penmart01 wrote:
>>> lucretiaborgia wrote:
>>>>
>>>> The only difference between John and you is that you inherited your
>>>> house and he has to buy it - think about it!
>>>
>>> Nothing to think about... inheriting a house and buying a house with
>>> inherited money are exactly the same.
>>
>> Except for the concept of CHOICE. Duh.
>
> Both the same... buying/selling real estate are equally convoluted.
> One can always sell the inherited property and use the cash to buy one
> of their liking, or buy nothing and place the money in the piggy bank
> of choice. Inherited is Inherited, regardless how twisted they are
> the same. Duh!
>
> Actually by inheriting cash John is in a much better position. I
> would advise John to contemplate for at least two years before
> spending his inheritance... spend time and energy looking at other
> properties.
> I would've also advised Jill to contemplate at least two years before
> deciding to move into her inherited house,

I was already living here when I inherited the house. Taking care of my
mother. Cooking, cleaning, shopping for groceries. Making sure she got
medical care. What was I supposed to do, leave and let the house sit
empty for two years while I thought things over? Tell the electric
company and the water company and the tax people, sorry, can't pay any
bills because I haven't decided what to do yet. It doesn't work that way.

Jill

John Kuthe wrote:
> On Tuesday, July 18, 2017 at 5:30:49 PM UTC-5, Sheldon wrote:
>> Taxed and Spent wrote:
>>> penmart01 wrote:
>>>> lucretiaborgia wrote:
>>>>> The only difference between John and you is that you inherited your
>>>>> house and he has to buy it - think about it!
>>>> Nothing to think about... inheriting a house and buying a house with
>>>> inherited money are exactly the same.
>>> Except for the concept of CHOICE. Duh.
>> Both the same... buying/selling real estate are equally convoluted.
>> One can always sell the inherited property and use the cash to buy one
>> of their liking, or buy nothing and place the money in the piggy bank
>> of choice. Inherited is Inherited, regardless how twisted they are
>> the same. Duh!
>>
>> Actually by inheriting cash John is in a much better position. I
>> would advise John to contemplate for at least two years before
>> spending his inheritance... spend time and energy looking at other
>> properties.
>> I would've also advised Jill to contemplate at least two years before
>> deciding to move into her inherited house, making sure she can
>> comfortably handle the finanacial aspects and if she truly needed to
>> support all that space plus attached expenses.... to me it seems like
>> way too much for a person on their own.
>>
>> Being faced with both scenerios I'd have purchased different
>> properties. A single who doeasn't play golf doesn't need the expense
>> of living in a huge house on a golf course... and a single doesn't
>> need the responsibility of being the landlord of a student's rooming
>> house. Both scenarios will eventually place both in the poor house.
> Watch me make this WORK!!
>
> I already have the garage covered!
>
> https://scontent-ort2-1.xx.fbcdn.net...47&oe=5A115284
>
> John Kuthe...

That siding is shot. What did you do - replace the doors? Again, any
money spent prior to closing is a gamble.

John Kuthe wrote:
> On Tuesday, July 18, 2017 at 8:44:03 AM UTC-5, Ed Pawlowski wrote:
>> On 7/18/2017 9:12 AM, wrote:
>>
>>>> Again.....money in the bank is security. You don't have to lose sleep at
>>>> night worrying about paying bills on time.
>>>>
>>>> Seems like many here have never had that problem. Good for you.
>>> I've had poor times too but I was also strictly brought up that you
>>> didn't spend what you haven't got lol Stupid use of credit cards
>>> seems to get most people in trouble. I've got a top credit rating
>>> but I don't go out and spend on that account.
>>>
>> A woman at work mad some bad choices with a divorce, getting rid of a
>> dondo, etc. She now has a consolidation loan to get rid of her credit
>> card and other debts. I'm not sure of the amount, but I; guessing in
>> the range of 20k. Interest rate is 31%. No, that is not a typo. She
>> will end up paying at least double what she owes.
> And that is why I want to buy this house CASH and to as much renovation as possible via cash too! I want to AVOID debt as much as possible!!
>
> **** the evil MONEYCHANGERS!! Mammon Worshiping SCUM!
>
> John Kuthe...


You seem to be *very* in love with your inheritance.

On 7/18/2017 3:30 PM, wrote:
> Taxed and Spent wrote:
>> penmart01 wrote:
>>> lucretiaborgia wrote:
>>>>
>>>> The only difference between John and you is that you inherited your
>>>> house and he has to buy it - think about it!
>>>
>>> Nothing to think about... inheriting a house and buying a house with
>>> inherited money are exactly the same.
>>
>> Except for the concept of CHOICE. Duh.
>
> Both the same... buying/selling real estate are equally convoluted.
> One can always sell the inherited property and use the cash to buy one
> of their liking, or buy nothing and place the money in the piggy bank
> of choice. Inherited is Inherited, regardless how twisted they are
> the same. Duh!

you are a dope.

>
> Actually by inheriting cash John is in a much better position. I
> would advise John to contemplate for at least two years before
> spending his inheritance... spend time and energy looking at other
> properties.
> I would've also advised Jill to contemplate at least two years before
> deciding to move into her inherited house, making sure she can
> comfortably handle the finanacial aspects and if she truly needed to
> support all that space plus attached expenses.... to me it seems like
> way too much for a person on their own.
>
> Being faced with both scenerios I'd have purchased different
> properties. A single who doeasn't play golf doesn't need the expense
> of living in a huge house on a golf course... and a single doesn't
> need the responsibility of being the landlord of a student's rooming
> house. Both scenarios will eventually place both in the poor house.

you obviously know best for all. How nice for you.

On Tue, 18 Jul 2017 20:21:39 -0400, Alex > wrote:

>John Kuthe wrote:
>> On Tuesday, July 18, 2017 at 8:44:03 AM UTC-5, Ed Pawlowski wrote:
>>> On 7/18/2017 9:12 AM, wrote:
>>>
>>>>> Again.....money in the bank is security. You don't have to lose sleep at
>>>>> night worrying about paying bills on time.
>>>>>
>>>>> Seems like many here have never had that problem. Good for you.
>>>> I've had poor times too but I was also strictly brought up that you
>>>> didn't spend what you haven't got lol Stupid use of credit cards
>>>> seems to get most people in trouble. I've got a top credit rating
>>>> but I don't go out and spend on that account.
>>>>
>>> A woman at work mad some bad choices with a divorce, getting rid of a
>>> dondo, etc. She now has a consolidation loan to get rid of her credit
>>> card and other debts. I'm not sure of the amount, but I; guessing in
>>> the range of 20k. Interest rate is 31%. No, that is not a typo. She
>>> will end up paying at least double what she owes.
>> And that is why I want to buy this house CASH and to as much renovation as possible via cash too! I want to AVOID debt as much as possible!!
>>
>> **** the evil MONEYCHANGERS!! Mammon Worshiping SCUM!
>>
>> John Kuthe...
>
>
>You seem to be *very* in love with your inheritance.

John will very shortly be devorsed and be scrambling for food to eat.

On Tuesday, July 18, 2017 at 7:22:06 PM UTC-5, Alex wrote:
> John Kuthe wrote:
> > On Tuesday, July 18, 2017 at 8:44:03 AM UTC-5, Ed Pawlowski wrote:
> >> On 7/18/2017 9:12 AM, wrote:
> >>
> >>>> Again.....money in the bank is security. You don't have to lose sleep at
> >>>> night worrying about paying bills on time.
> >>>>
> >>>> Seems like many here have never had that problem. Good for you.
> >>> I've had poor times too but I was also strictly brought up that you
> >>> didn't spend what you haven't got lol Stupid use of credit cards
> >>> seems to get most people in trouble. I've got a top credit rating
> >>> but I don't go out and spend on that account.
> >>>
> >> A woman at work mad some bad choices with a divorce, getting rid of a
> >> dondo, etc. She now has a consolidation loan to get rid of her credit
> >> card and other debts. I'm not sure of the amount, but I; guessing in
> >> the range of 20k. Interest rate is 31%. No, that is not a typo. She
> >> will end up paying at least double what she owes.
> > And that is why I want to buy this house CASH and to as much renovation as possible via cash too! I want to AVOID debt as much as possible!!
> >
> > **** the evil MONEYCHANGERS!! Mammon Worshiping SCUM!
> >
> > John Kuthe...
>
>
> You seem to be *very* in love with your inheritance.

It's the only chance I have of retirement! ZA small but steady for the most part income from renting the bedrooms. I've been living in shared student living for 25 years, and I KNOW how to do this how to do this!

John Kuthe...

John Kuthe...

On Tuesday, July 18, 2017 at 8:04:56 PM UTC-5, Sheldon wrote:
> On Tue, 18 Jul 2017 20:21:39 -0400, Alex > wrote:
>
> >John Kuthe wrote:
> >> On Tuesday, July 18, 2017 at 8:44:03 AM UTC-5, Ed Pawlowski wrote:
> >>> On 7/18/2017 9:12 AM, wrote:
> >>>
> >>>>> Again.....money in the bank is security. You don't have to lose sleep at
> >>>>> night worrying about paying bills on time.
> >>>>>
> >>>>> Seems like many here have never had that problem. Good for you.
> >>>> I've had poor times too but I was also strictly brought up that you
> >>>> didn't spend what you haven't got lol Stupid use of credit cards
> >>>> seems to get most people in trouble. I've got a top credit rating
> >>>> but I don't go out and spend on that account.
> >>>>
> >>> A woman at work mad some bad choices with a divorce, getting rid of a
> >>> dondo, etc. She now has a consolidation loan to get rid of her credit
> >>> card and other debts. I'm not sure of the amount, but I; guessing in
> >>> the range of 20k. Interest rate is 31%. No, that is not a typo. She
> >>> will end up paying at least double what she owes.
> >> And that is why I want to buy this house CASH and to as much renovation as possible via cash too! I want to AVOID debt as much as possible!!
> >>
> >> **** the evil MONEYCHANGERS!! Mammon Worshiping SCUM!
> >>
> >> John Kuthe...
> >
> >
> >You seem to be *very* in love with your inheritance.
>
> John will very shortly be devorsed and be scrambling for food to eat.

I was DIVORCED in 1990!


John Kuthe...

On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
> Taxed and Spent wrote:
> >penmart01 wrote:
> >> lucretiaborgia wrote:
> >>>
> >>> The only difference between John and you is that you inherited your
> >>> house and he has to buy it - think about it!
> >>
> >> Nothing to think about... inheriting a house and buying a house with
> >> inherited money are exactly the same.
> >
> >Except for the concept of CHOICE. Duh.
>
> Both the same... buying/selling real estate are equally convoluted.
> One can always sell the inherited property and use the cash to buy one
> of their liking, or buy nothing and place the money in the piggy bank
> of choice. Inherited is Inherited, regardless how twisted they are
> the same. Duh!
>
> Actually by inheriting cash John is in a much better position. I
> would advise John to contemplate for at least two years before
> spending his inheritance... spend time and energy looking at other
> properties.
> I would've also advised Jill to contemplate at least two years before
> deciding to move into her inherited house, making sure she can
> comfortably handle the finanacial aspects and if she truly needed to
> support all that space plus attached expenses.... to me it seems like
> way too much for a person on their own.
>
> Being faced with both scenerios I'd have purchased different
> properties. A single who doeasn't play golf doesn't need the expense
> of living in a huge house on a golf course... and a single doesn't
> need the responsibility of being the landlord of a student's rooming
> house. Both scenarios will eventually place both in the poor house.

Wasn't Jill already living there, taking care of her parents? She must
be comfortable living there, or she would have priced the house to sell.
You can sell any property if you're willing to steeply discount the
price.

Cindy Hamilton

On 7/19/2017 6:17 AM, Cindy Hamilton wrote:
> On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
>> I would've also advised Jill to contemplate at least two years before
>> deciding to move into her inherited house, making sure she can
>> comfortably handle the finanacial aspects and if she truly needed to
>> support all that space plus attached expenses.... to me it seems like
>> way too much for a person on their own.
>>
(snippage)
>
> Wasn't Jill already living there, taking care of her parents? She must
> be comfortable living there, or she would have priced the house to sell.
> You can sell any property if you're willing to steeply discount the
> price.
>
> Cindy Hamilton
>
Yes, I was already here. According to Sheldon I should have left to
"contemplate" for a couple of years? All the while paying to maintain
the house, the property & pay property taxes? That doesn't make any
sense. BTW, my house isn't "huge". The apartment I had in Cordova
(Memphis, TN area) was 1100 sq. ft. This house is 1700 sq. ft. Not
that much of a difference. At least here I have an attached garage so
my car isn't parked outside exposed to the weather 12 months out of the
year. As for the golf course, it's just where the house is situated.
I do not have a golf membership. Couldn't play even if I wanted to.

Jill

On 7/19/2017 9:35 AM, jmcquown wrote:
> On 7/19/2017 6:17 AM, Cindy Hamilton wrote:
>> On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
>>> I would've also advised Jill to contemplate at least two years before
>>> deciding to move into her inherited house, making sure she can
>>> comfortably handle the finanacial aspects and if she truly needed to
>>> support all that space plus attached expenses.... to me it seems like
>>> way too much for a person on their own.
>>>
> (snippage)
>>
>> Wasn't Jill already living there, taking care of her parents? She must
>> be comfortable living there, or she would have priced the house to sell.
>> You can sell any property if you're willing to steeply discount the
>> price.
>>
>> Cindy Hamilton
>>
> Yes, I was already here. According to Sheldon I should have left to
> "contemplate" for a couple of years? All the while paying to maintain
> the house, the property & pay property taxes? That doesn't make any
> sense. BTW, my house isn't "huge". The apartment I had in Cordova
> (Memphis, TN area) was 1100 sq. ft. This house is 1700 sq. ft. Not
> that much of a difference. At least here I have an attached garage so
> my car isn't parked outside exposed to the weather 12 months out of the
> year. As for the golf course, it's just where the house is situated.
> I do not have a golf membership. Couldn't play even if I wanted to.
>
> Jill

You could have let a few homeless people liver there while you were in
meditation mode.

On 2017-07-19 9:35 AM, jmcquown wrote:
> On 7/19/2017 6:17 AM, Cindy Hamilton wrote:

> Yes, I was already here. According to Sheldon I should have left to
> "contemplate" for a couple of years?

Not really much of his business is it. My brother was the executor of
my mother's estate. She had died on a Wednesday and he and I met with a
real estate agent on the Saturday three days late to put her condo on
the market. An in-law objected and commented that it looked greedy, like
we just wanted the money ASAP. It was no business of hers. As long as we
held onto that condo we were paying property tax, insurance and monthly
condo fees. We did not know how long it would take to sell the place.
We could have ended up paying thousands of dollars for nothing... other
than the appearance to people who had no business in it.



> I do not have a golf membership. Couldn't play even if I wanted to.


It looks like a nice place and I am happy for you to have the chance to
enjoy it.

On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
> Did you buy your house?
>
> You've told us all about it. Some of us would like to know how it turned
> out. I'm curious.

Had a visit from Renaissance Roofing yesterday, the queen mother of expensive repair and restoration jobs I'm gonna have to get done before the occupancy permit inspector will PASS this place and allow me to LEGALLY own this place!!

https://claytileroof.com

John Kuthe...

On 7/19/2017 8:04 AM, John Kuthe wrote:
> On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
>> Did you buy your house?
>>
>> You've told us all about it. Some of us would like to know how it turned
>> out. I'm curious.
>
> Had a visit from Renaissance Roofing yesterday, the queen mother of expensive repair and restoration jobs I'm gonna have to get done before the occupancy permit inspector will PASS this place and allow me to LEGALLY own this place!!
>
> https://claytileroof.com
>
> John Kuthe...
>


I have never heard of the need for an occupancy permit to close a real
estate transaction. To live there, sure, but to buy a fixer upper?

On 7/19/2017 11:28 AM, Taxed and Spent wrote:
> On 7/19/2017 8:04 AM, John Kuthe wrote:
>> On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
>>> Did you buy your house?
>>>
>>> You've told us all about it. Some of us would like to know how it turned
>>> out. I'm curious.
>>
>> Had a visit from Renaissance Roofing yesterday, the queen mother of
>> expensive repair and restoration jobs I'm gonna have to get done
>> before the occupancy permit inspector will PASS this place and allow
>> me to LEGALLY own this place!!
>>
>> https://claytileroof.com
>>
>> John Kuthe...
>>
>
>
> I have never heard of the need for an occupancy permit to close a real
> estate transaction. To live there, sure, but to buy a fixer upper?

But people are living there. He would have to move them and himself out.

On 2017-07-19 11:28 AM, Taxed and Spent wrote:
> On 7/19/2017 8:04 AM, John Kuthe wrote:


>
> I have never heard of the need for an occupancy permit to close a real
> estate transaction. To live there, sure, but to buy a fixer upper?

I have only heard of them being issued in regards to a new house and
they are issued after the final inspection when all work is done to code.

On Wednesday, July 19, 2017 at 11:28:35 AM UTC-4, Taxed and Spent wrote:
> On 7/19/2017 8:04 AM, John Kuthe wrote:
> > On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
> >> Did you buy your house?
> >>
> >> You've told us all about it. Some of us would like to know how it turned
> >> out. I'm curious.
> >
> > Had a visit from Renaissance Roofing yesterday, the queen mother of expensive repair and restoration jobs I'm gonna have to get done before the occupancy permit inspector will PASS this place and allow me to LEGALLY own this place!!
> >
> > https://claytileroof.com
> >
> > John Kuthe...
> >
>
>
> I have never heard of the need for an occupancy permit to close a real
> estate transaction. To live there, sure, but to buy a fixer upper?

It's a rental. Even in jurisdictions that don't require
regular houses to have an occupancy permit at time of sale,
I imagine some of them require it for rental properties.
The fact that the owner will live there is kind of beside
the point for this purpose.

I'm sure there also are jurisdictions where an OP is required
every time a house changes hands. Seems like an unwarranted
government intrusion to me, but apparently the residents of
those places don't mind it enough to militate for change.
(New York? New Jersey? Connecticut?)

Cindy Hamilton

On Wed, 19 Jul 2017 03:17:39 -0700 (PDT), Cindy Hamilton
> wrote:

>On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
>> Taxed and Spent wrote:
>> >penmart01 wrote:
>> >> lucretiaborgia wrote:
>> >>>
>> >>> The only difference between John and you is that you inherited your
>> >>> house and he has to buy it - think about it!
>> >>
>> >> Nothing to think about... inheriting a house and buying a house with
>> >> inherited money are exactly the same.
>> >
>> >Except for the concept of CHOICE. Duh.
>>
>> Both the same... buying/selling real estate are equally convoluted.
>> One can always sell the inherited property and use the cash to buy one
>> of their liking, or buy nothing and place the money in the piggy bank
>> of choice. Inherited is Inherited, regardless how twisted they are
>> the same. Duh!
>>
>> Actually by inheriting cash John is in a much better position. I
>> would advise John to contemplate for at least two years before
>> spending his inheritance... spend time and energy looking at other
>> properties.
>> I would've also advised Jill to contemplate at least two years before
>> deciding to move into her inherited house, making sure she can
>> comfortably handle the finanacial aspects and if she truly needed to
>> support all that space plus attached expenses.... to me it seems like
>> way too much for a person on their own.
>>
>> Being faced with both scenerios I'd have purchased different
>> properties. A single who doeasn't play golf doesn't need the expense
>> of living in a huge house on a golf course... and a single doesn't
>> need the responsibility of being the landlord of a student's rooming
>> house. Both scenarios will eventually place both in the poor house.
>
>Wasn't Jill already living there, taking care of her parents? She must
>be comfortable living there, or she would have priced the house to sell.
>You can sell any property if you're willing to steeply discount the
>price.
>
>Cindy Hamilton

At that point Jill was visiting (in effect a guest), she was not the
owner. Once she owned it she could have sold it... perhaps at some
point she will. Life has a propensity for taking us on some strange
journeys, most of which we cannot predict.

On Wednesday, July 19, 2017 at 1:52:26 PM UTC-4, Sheldon wrote:
> On Wed, 19 Jul 2017 03:17:39 -0700 (PDT), Cindy Hamilton
> > wrote:
>
> >On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
> >> Taxed and Spent wrote:
> >> >penmart01 wrote:
> >> >> lucretiaborgia wrote:
> >> >>>
> >> >>> The only difference between John and you is that you inherited your
> >> >>> house and he has to buy it - think about it!
> >> >>
> >> >> Nothing to think about... inheriting a house and buying a house with
> >> >> inherited money are exactly the same.
> >> >
> >> >Except for the concept of CHOICE. Duh.
> >>
> >> Both the same... buying/selling real estate are equally convoluted.
> >> One can always sell the inherited property and use the cash to buy one
> >> of their liking, or buy nothing and place the money in the piggy bank
> >> of choice. Inherited is Inherited, regardless how twisted they are
> >> the same. Duh!
> >>
> >> Actually by inheriting cash John is in a much better position. I
> >> would advise John to contemplate for at least two years before
> >> spending his inheritance... spend time and energy looking at other
> >> properties.
> >> I would've also advised Jill to contemplate at least two years before
> >> deciding to move into her inherited house, making sure she can
> >> comfortably handle the finanacial aspects and if she truly needed to
> >> support all that space plus attached expenses.... to me it seems like
> >> way too much for a person on their own.
> >>
> >> Being faced with both scenerios I'd have purchased different
> >> properties. A single who doeasn't play golf doesn't need the expense
> >> of living in a huge house on a golf course... and a single doesn't
> >> need the responsibility of being the landlord of a student's rooming
> >> house. Both scenarios will eventually place both in the poor house.
> >
> >Wasn't Jill already living there, taking care of her parents? She must
> >be comfortable living there, or she would have priced the house to sell.
> >You can sell any property if you're willing to steeply discount the
> >price.
> >
> >Cindy Hamilton
>
> At that point Jill was visiting (in effect a guest), she was not the
> owner. Once she owned it she could have sold it... perhaps at some
> point she will. Life has a propensity for taking us on some strange
> journeys, most of which we cannot predict.

Yes, she could have. That's why I said she seems content to stay.

Should my husband predecease me, I would be smart to sell the
house and get something with less upkeep. However, the prospect
of selling the contents of his workshop, packing my stuff, and
moving leaves me a little breathless. I think I'll just leave
all that to my executor.

What I'll do if I'm alone and I can't physically stay in the
house anymore is a conundrum. No children, no siblings,
no cousins.

Cindy Hamilton

On 7/19/2017 1:52 PM, wrote:
> On Wed, 19 Jul 2017 03:17:39 -0700 (PDT), Cindy Hamilton
> > wrote:
>
>> On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
>>> Taxed and Spent wrote:
>>>> penmart01 wrote:
>>>>> lucretiaborgia wrote:
>>>>>>
>>>>>> The only difference between John and you is that you inherited your
>>>>>> house and he has to buy it - think about it!
>>>>>
>>>>> Nothing to think about... inheriting a house and buying a house with
>>>>> inherited money are exactly the same.
>>>>
>>>> Except for the concept of CHOICE. Duh.
>>>
>>> Both the same... buying/selling real estate are equally convoluted.
>>> One can always sell the inherited property and use the cash to buy one
>>> of their liking, or buy nothing and place the money in the piggy bank
>>> of choice. Inherited is Inherited, regardless how twisted they are
>>> the same. Duh!
>>>
>>> Actually by inheriting cash John is in a much better position. I
>>> would advise John to contemplate for at least two years before
>>> spending his inheritance... spend time and energy looking at other
>>> properties.
>>> I would've also advised Jill to contemplate at least two years before
>>> deciding to move into her inherited house, making sure she can
>>> comfortably handle the finanacial aspects and if she truly needed to
>>> support all that space plus attached expenses.... to me it seems like
>>> way too much for a person on their own.
>>>
>>> Being faced with both scenerios I'd have purchased different
>>> properties. A single who doeasn't play golf doesn't need the expense
>>> of living in a huge house on a golf course... and a single doesn't
>>> need the responsibility of being the landlord of a student's rooming
>>> house. Both scenarios will eventually place both in the poor house.
>>
>> Wasn't Jill already living there, taking care of her parents? She must
>> be comfortable living there, or she would have priced the house to sell.
>> You can sell any property if you're willing to steeply discount the
>> price.
>>
>> Cindy Hamilton
>
> At that point Jill was visiting (in effect a guest), she was not the
> owner.

I wasn't a guest. I'd brought my cat Persia with me, which in affect
says hey, I LIVE here.

> Once she owned it she could have sold it...

Yeah. Look up all the houses around here and see how long they've been
on the market.

> perhaps at some
> point she will. Life has a propensity for taking us on some strange
> journeys, most of which we cannot predict.
>
It sure does. Did you know this is not the first time I've lived here?
I went to school in Beaufort when I was 12 years old. There's not
much new about this area.

Jill

On Wednesday, July 19, 2017 at 11:05:01 AM UTC-4, John Kuthe wrote:
> On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
> > Did you buy your house?
> >
> > You've told us all about it. Some of us would like to know how it turned
> > out. I'm curious.
>
> Had a visit from Renaissance Roofing yesterday, the queen mother of expensive repair and restoration jobs I'm gonna have to get done before the occupancy permit inspector will PASS this place and allow me to LEGALLY own this place!!
>
> https://claytileroof.com
>
> John Kuthe...

This is - literally - never done. Hopefully you get out of it okay, but you're in a very bad position. How's home "health care" working for you "nurse"?

On 7/19/2017 2:59 PM, Cindy Hamilton wrote:

> Should my husband predecease me, I would be smart to sell the
> house and get something with less upkeep. However, the prospect
> of selling the contents of his workshop, packing my stuff, and
> moving leaves me a little breathless. I think I'll just leave
> all that to my executor.
>
> What I'll do if I'm alone and I can't physically stay in the
> house anymore is a conundrum. No children, no siblings,
> no cousins.
>
> Cindy Hamilton
>

The thought has crossed my mind too. Both kids are 1100 miles away.
They have asked us to move there, but we have no interest at the time.
That could change

If I'm alone one day I may just become a hermit in a small one bedroom
place with big screen TV and computer. Right now, I like where I live,
the local amenities, etc. I guess some day someone will have to clear
it out with a big extate sale followed by a dumpster.

John Kuthe wrote in rec.food.cooking:

> On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
> > Did you buy your house?
> >
> > You've told us all about it. Some of us would like to know how it
> > turned out. I'm curious.
>
> Had a visit from Renaissance Roofing yesterday, the queen mother of
> expensive repair and restoration jobs I'm gonna have to get done
> before the occupancy permit inspector will PASS this place and allow
> me to LEGALLY own this place!!
>
> https://claytileroof.com
>
> John Kuthe...

John, schedule if that is the roof you want, but make the restoration
payment contingent on sale.

That is one of the ones that you can 'pay for' then find 'they back out
and you lose out'.

You do know you can buy even a tree house with no occupancy permit
right? Who is telling you on occupancy permit ona place already
occupied?

You may want to check if the seller if telling you 'call these folks'
and taking you for a ride.

--

Taxed and Spent wrote in rec.food.cooking:

> On 7/19/2017 8:04 AM, John Kuthe wrote:
> > On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
> > > Did you buy your house?
> > >
> > > You've told us all about it. Some of us would like to know how it
> > > turned out. I'm curious.
> >
> > Had a visit from Renaissance Roofing yesterday, the queen mother of
> > expensive repair and restoration jobs I'm gonna have to get done
> > before the occupancy permit inspector will PASS this place and
> > allow me to LEGALLY own this place!!
> >
> > https://claytileroof.com
> >
> > John Kuthe...
> >
>
>
> I have never heard of the need for an occupancy permit to close a
> real estate transaction. To live there, sure, but to buy a fixer
> upper?

Correct.

--

On Wednesday, July 19, 2017 at 4:00:06 PM UTC-5, cshenk wrote:
....
> You do know you can buy even a tree house with no occupancy permit
> right? Who is telling you on occupancy permit ona place already
> occupied?
....

It is the way Residential Real Estate is "sold", money is transferred and ownership is transferred in the state of Missouri. How is it done where you live?

This is not just any easy residental real estate sale!

John Kuthe...

John Kuthe...

On 2017-07-19 3:37 PM, wrote:

>> Had a visit from Renaissance Roofing yesterday, the queen mother of expensive repair and restoration jobs I'm gonna have to get done before the occupancy permit inspector will PASS this place and allow me to LEGALLY own this place!!
>>
>> https://claytileroof.com
>>
>> John Kuthe...
>
> This is - literally - never done. Hopefully you get out of it okay, but you're in a very bad position. How's home "health care" working for you "nurse"?
>

I would say he is actually in a very good position to bargain. If the
current owner is really looking to get rid of the money pit Kuthe should
be backing out until the price drops or owner has repairs made before
closing. IIRC, closing is in two days, so good luck to him getting a
roofer hired and the job done .... tomorrow.

On 2017-07-19 3:49 PM, Ed Pawlowski wrote:

>> What I'll do if I'm alone and I can't physically stay in the
>> house anymore is a conundrum. No children, no siblings,
>> no cousins.
>>
>> Cindy Hamilton
>>
>
> The thought has crossed my mind too. Both kids are 1100 miles away.
> They have asked us to move there, but we have no interest at the time.
> That could change
>
> If I'm alone one day I may just become a hermit in a small one bedroom
> place with big screen TV and computer. Right now, I like where I live,
> the local amenities, etc. I guess some day someone will have to clear
> it out with a big extate sale followed by a dumpster.

Our (only) son lives 20 minutes away, and we see him frequently. He
certainly came through for us a few years ago when I emergency heart
surgery and almost didn't make it. He calls several times a week and
visits frequently. I drove him back and forth to the hospital the other
day when he needed day surgery and he is coming out here tomorrow to go
to a matinee and dinner for Megatron's birthday treat.

He is not just in it for the money. Being an only child he can expect to
inherit everything. The house is getting old and he could probably have
it torn down and build a new place on the old foundation. It is a nice
piece of property in designated green belt. I hope never to have to move
out of here.

John Kuthe wrote in rec.food.cooking:

> On Wednesday, July 19, 2017 at 4:00:06 PM UTC-5, cshenk wrote:
> ...
> > You do know you can buy even a tree house with no occupancy permit
> > right? Who is telling you on occupancy permit ona place already
> > occupied?
> ...
>
> It is the way Residential Real Estate is "sold", money is transferred
> and ownership is transferred in the state of Missouri. How is it done
> where you live?
>
> This is not just any easy residental real estate sale!
>
> John Kuthe...
>
> John Kuthe...

Humm! This is where my spotty reading gets me. I thought you somplace
on the east coast. Like, NY or something?

Can you just get a new lease from the renters? Here, it's real simple.
It's a house not a complex with 300 renters.

You get a letter drafted by a lawyer that says the upgrades (they are
listed) will be after sale is complete (include schedule of
upgrades/repairs with reasonable dates) and they sign it.

Is the China guy trying to rip you? Might be if your advice comes from
them, and their recommended 'free associates'. Thats not a guarentee
they are trying to rip you. but it's a good indicator.

Here's what happened to me when I took the guy my realtor recommended
to give me a review. He actually did a good job over all some 15 years
later, but he downplayed the roof issues. It was like 'oh, and you
will need a roof job in time'. 2 years later I needed a 10,000$ roof
job. I should have gotten an independant not related to the sale.

So, is your roof actually leaking? If not, you may be getting some bad
advice.
Carol

--

On 7/19/2017 2:59 PM, Cindy Hamilton wrote:
> On Wednesday, July 19, 2017 at 1:52:26 PM UTC-4, Sheldon wrote:
>> On Wed, 19 Jul 2017 03:17:39 -0700 (PDT), Cindy Hamilton
>> > wrote:
>>
>>> On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
>>>> Taxed and Spent wrote:
>>>>> penmart01 wrote:
>>>>>> lucretiaborgia wrote:
>>>>>>>
>>>>>>> The only difference between John and you is that you inherited your
>>>>>>> house and he has to buy it - think about it!
>>>>>>
>>>>>> Nothing to think about... inheriting a house and buying a house with
>>>>>> inherited money are exactly the same.
>>>>>
>>>>> Except for the concept of CHOICE. Duh.
>>>>
>>>> Both the same... buying/selling real estate are equally convoluted.
>>>> One can always sell the inherited property and use the cash to buy one
>>>> of their liking, or buy nothing and place the money in the piggy bank
>>>> of choice. Inherited is Inherited, regardless how twisted they are
>>>> the same. Duh!
>>>>
>>>> Actually by inheriting cash John is in a much better position. I
>>>> would advise John to contemplate for at least two years before
>>>> spending his inheritance... spend time and energy looking at other
>>>> properties.
>>>> I would've also advised Jill to contemplate at least two years before
>>>> deciding to move into her inherited house, making sure she can
>>>> comfortably handle the finanacial aspects and if she truly needed to
>>>> support all that space plus attached expenses.... to me it seems like
>>>> way too much for a person on their own.
>>>>
>>>> Being faced with both scenerios I'd have purchased different
>>>> properties. A single who doeasn't play golf doesn't need the expense
>>>> of living in a huge house on a golf course... and a single doesn't
>>>> need the responsibility of being the landlord of a student's rooming
>>>> house. Both scenarios will eventually place both in the poor house.
>>>
>>> Wasn't Jill already living there, taking care of her parents? She must
>>> be comfortable living there, or she would have priced the house to sell.
>>> You can sell any property if you're willing to steeply discount the
>>> price.
>>>
>>> Cindy Hamilton
>>
>> At that point Jill was visiting (in effect a guest), she was not the
>> owner. Once she owned it she could have sold it... perhaps at some
>> point she will. Life has a propensity for taking us on some strange
>> journeys, most of which we cannot predict.
>
> Yes, she could have. That's why I said she seems content to stay.
>
> Should my husband predecease me, I would be smart to sell the
> house and get something with less upkeep. However, the prospect
> of selling the contents of his workshop, packing my stuff, and
> moving leaves me a little breathless. I think I'll just leave
> all that to my executor.
>
> What I'll do if I'm alone and I can't physically stay in the
> house anymore is a conundrum. No children, no siblings,
> no cousins.
>
> Cindy Hamilton
>
Likewise, I have no children and no relative I would want to leave the
house to. I figure I'll turn it over to the county animal shelter and
designate it as a "cat house". LOL Dataw has a colony of feral cats and
volunteers (including vets) who try to socialize the kittens. This
would make an excellent cat house/adoption center. Plenty of cat toys!

Of course Buffy would be rehomed because she hates other cats. There is
a provision in my will for her to be taken care of. I don't expect this
to happen any time soon.

Jill

John Kuthe wrote:
> On Tuesday, July 18, 2017 at 7:22:06 PM UTC-5, Alex wrote:
>> John Kuthe wrote:
>>> On Tuesday, July 18, 2017 at 8:44:03 AM UTC-5, Ed Pawlowski wrote:
>>>> On 7/18/2017 9:12 AM, wrote:
>>>>
>>>>>> Again.....money in the bank is security. You don't have to lose sleep at
>>>>>> night worrying about paying bills on time.
>>>>>>
>>>>>> Seems like many here have never had that problem. Good for you.
>>>>> I've had poor times too but I was also strictly brought up that you
>>>>> didn't spend what you haven't got lol Stupid use of credit cards
>>>>> seems to get most people in trouble. I've got a top credit rating
>>>>> but I don't go out and spend on that account.
>>>>>
>>>> A woman at work mad some bad choices with a divorce, getting rid of a
>>>> dondo, etc. She now has a consolidation loan to get rid of her credit
>>>> card and other debts. I'm not sure of the amount, but I; guessing in
>>>> the range of 20k. Interest rate is 31%. No, that is not a typo. She
>>>> will end up paying at least double what she owes.
>>> And that is why I want to buy this house CASH and to as much renovation as possible via cash too! I want to AVOID debt as much as possible!!
>>>
>>> **** the evil MONEYCHANGERS!! Mammon Worshiping SCUM!
>>>
>>> John Kuthe...
>>
>> You seem to be *very* in love with your inheritance.
> It's the only chance I have of retirement! ZA small but steady for the most part income from renting the bedrooms. I've been living in shared student living for 25 years, and I KNOW how to do this how to do this!
>
> John Kuthe...
>
> John Kuthe...

You never contributed to an IRA or 401K? Guess you worshiped all of the
money you made rather than planning for your future!

John Kuthe wrote:
> On Tuesday, July 11, 2017 at 7:51:56 AM UTC-5, Gary wrote:
>> Did you buy your house?
>>
>> You've told us all about it. Some of us would like to know how it turned
>> out. I'm curious.
> Had a visit from Renaissance Roofing yesterday, the queen mother of expensive repair and restoration jobs I'm gonna have to get done before the occupancy permit inspector will PASS this place and allow me to LEGALLY own this place!!
>
> https://claytileroof.com
>
> John Kuthe...


Don't do it. Run!

On Wednesday, July 19, 2017 at 6:05:49 PM UTC-5, Alex wrote:
....
> You never contributed to an IRA or 401K? Guess you worshiped all of the
> money you made rather than planning for your future!

I HAD a good 401K when I worked for IBM in the late 1990's until June 2002 when IBM laid off 15,001 workers worldwide and I was THE ONE! Then as I has been pursuing an aggressive credit card debt repayment program, but now without m,y good IBM income I liquidated my entire IBM 401K, paid off ALL my credit cars and had a bunch left over so I spent most of the Spring of 2003 "down my the river in my 1994 Chrysler Caravan!" Because it kept raining down there and bringing the river up again and I decided to just starting to pack a big cooler with supplies for up up four days was the longest I stayed down there before driving back and rebooting my cooler! (Man I miss those days!)

Now I just have a "bunch of stocks" (and I will NOT say how much, but suffice to say it's "a bunch!"

In addition to the $150,000 worth of the most heinous stocks that I sold to buy and fix up this house!

John Kuth...

jmcquown wrote:
> I was already living here when I inherited the house. Taking care of
> my mother. Cooking, cleaning, shopping for groceries. Making sure
> she got medical care.

Am I hearing a violin playing in the background? ;-D

You also abandoned your cat at first.
Then you lived with mom with free room and board until....

Question for you. How long did you live with her before she also died
(sadly)?

Want to compare hardships? I took care of my daughter without any child
support for 13 years. I did all the cooking, cleaning, shopping for
groceries. Making sure she got medical care. Plus I also had to work for
a living.

I "retired" from my job with no financial benefits but I do have a cool,
successful daughter. You retired from your job and got a house along
with your portion of the money.

I suspect you earned WAY MORE per hour for your hardships than I did.

Bottom line, I don't want to hear about your lame sacrifices. You made
out good and you know you did.

Sad that you have no plans to leave your money/property to your brothers
or at least your nephews and nieces when you die. No family to leave to?
Only in your mind.

On 7/20/2017 7:29 AM, Gary wrote:
> jmcquown wrote:
>> I was already living here when I inherited the house. Taking care of
>> my mother. Cooking, cleaning, shopping for groceries. Making sure
>> she got medical care.
>
> Am I hearing a violin playing in the background? ;-D
>
Maybe you left the radio on in another room.

> You also abandoned your cat at first.
> Then you lived with mom with free room and board until....
>
I didn't abandon her. I boarded her. Talked with the people at the
veterinary clinic several times a week. I'd call them, they'd call me.
They played with her every day. She was fine.

> Question for you. How long did you live with her before she also died
> (sadly)?
>
The entire year, until she died in November. Dad was still alive when I
got here. He had Alzheimer's and Mom really couldn't deal with him all
by herself. You weren't here, you don't know.

> Want to compare hardships? I took care of my daughter without any child
> support for 13 years. I did all the cooking, cleaning, shopping for
> groceries. Making sure she got medical care. Plus I also had to work for
> a living.
>
That was your responsibility. You made her. Of course it was up to you
to do those things. There are a lot of single parents out there who
don't receive child support. My oldest brother raised his son without
getting a dime from his ex-wife. He got a heck of a lot of help from
our dad, though. He bought a house, a very nice house. Then he
defaulted on the mortgage. And he was in a situation similar to John
Kuthe; he had roommates. He still couldn't make ends meet.

> Sad that you have no plans to leave your money/property to your brothers
> or at least your nephews and nieces when you die. No family to leave to?
> Only in your mind.
>
Gary, you really don't know what you're talking about. My brothers
wound up with more money than I did. The oldest has already blown
through his. (I could see that coming.) He recently had to have his
leg amputated from the knee down due to diabetic complications. He
claims he didn't go to a doctor because he couldn't afford to. No
insurance.

Hell, I don't have medical insurance but you can work things out with
the doctor if you're a self-pay patient. My last doctor visit (2 weeks
ago) cost less than $100. Which would you rather do, pay for a doctor's
office visit or wind up having your leg amputated? Rhetorical question,
obviously.

It's the cost of prescriptions (I only take one) that'll kill ya. The
price of my Rx (generic) tripled in the last year. Thank goodness for
prescription discount cards! I believe it was Janet US who mentioned
GoodRx. I call the local pharmacies and ask about the price, then
shuffle the deck (so to speak) of Rx discount cards and they tell me
which will give me the lowest price. IOW, there are ways to deal with
things like that.

As for leaving the house to someone, sure, I could leave it to my
nephew. It would put him in a world of hurt. He couldn't afford to pay
the property taxes. Frankly, I don't care what happens to this house
when I'm gone. I do have arrangements for Buffy to be taken care of if
I happen to drop dead tomorrow.

Jill

On 7/19/2017 10:40 AM, Dave Smith wrote:
> On 2017-07-19 9:35 AM, jmcquown wrote:
>> On 7/19/2017 6:17 AM, Cindy Hamilton wrote:
>
>> Yes, I was already here. According to Sheldon I should have left to
>> "contemplate" for a couple of years?
>
> Not really much of his business is it. My brother was the executor of
> my mother's estate. She had died on a Wednesday and he and I met with a
> real estate agent on the Saturday three days late to put her condo on
> the market. An in-law objected and commented that it looked greedy, like
> we just wanted the money ASAP. It was no business of hers. As long as we
> held onto that condo we were paying property tax, insurance and monthly
> condo fees. We did not know how long it would take to sell the place. We
> could have ended up paying thousands of dollars for nothing... other
> than the appearance to people who had no business in it.
>
Well, we don't really have any business discussing Kuthe's situation,
either. But he's the one who initially brought it up. Then Gary asked
for an update and here we are...

>> I do not have a golf membership. Couldn't play even if I wanted to.
>
> It looks like a nice place and I am happy for you to have the chance to
> enjoy it.
>
Thank you, Dave. I enjoy sitting on the patio with a good book in nice
weather. When it's too hot to sit outside I still get to watch birds
splashing in my little bird bath. I watch the hummingbirds, too. That
reminds me, I need to make more sugar water for them. I refilled the
feeder on Sunday but they're draining it fast!

Jill

On 7/19/2017 10:35 PM, Wayne Boatwright wrote:
> On Wed 19 Jul 2017 12:49:01p, Ed Pawlowski told us...
>
>> If I'm alone one day I may just become a hermit in a small one
>> bedroom place with big screen TV and computer. Right now, I like
>> where I live, the local amenities, etc. I guess some day someone
>> will have to clear it out with a big extate sale followed by a
>> dumpster.
>>
>
> David and I bought the co-op with the thought in mind if one of us
> passed the other probably wouldn't have to make any changes. Our
> place is not huge, just under 1500 sq.ft., and we did downsize to
> move here. However, we do have three bedrooms, more than one person
> needs. It's possible that he or I could downsize further to a one or
> two bedroom place in the same development, but I surely would not
> look forward to make such a move.
>
Moving is a pain in the ass. It's not cheap, either.

Jill

John Kuthe wrote:
> On Wednesday, July 19, 2017 at 6:05:49 PM UTC-5, Alex wrote:
> ...
>> You never contributed to an IRA or 401K? Guess you worshiped all of the
>> money you made rather than planning for your future!
> I HAD a good 401K when I worked for IBM in the late 1990's until June 2002 when IBM laid off 15,001 workers worldwide and I was THE ONE! Then as I has been pursuing an aggressive credit card debt repayment program, but now without m,y good IBM income I liquidated my entire IBM 401K, paid off ALL my credit cars and had a bunch left over so I spent most of the Spring of 2003 "down my the river in my 1994 Chrysler Caravan!" Because it kept raining down there and bringing the river up again and I decided to just starting to pack a big cooler with supplies for up up four days was the longest I stayed down there before driving back and rebooting my cooler! (Man I miss those days!)
>
> Now I just have a "bunch of stocks" (and I will NOT say how much, but suffice to say it's "a bunch!"
>
> In addition to the $150,000 worth of the most heinous stocks that I sold to buy and fix up this house!
>
> John Kuth...

You should move some, or all, to a Roth IRA so you can collect the money
tax-free at retirement time.

On 7/20/2017 4:13 PM, Alex wrote:
> John Kuthe wrote:
>> On Wednesday, July 19, 2017 at 6:05:49 PM UTC-5, Alex wrote:
>> ...
>>> You never contributed to an IRA or 401K? Guess you worshiped all of the
>>> money you made rather than planning for your future!
>> I HAD a good 401K when I worked for IBM in the late 1990's until June 2002 when IBM laid off 15,001 workers worldwide and I was THE ONE! Then as I has been pursuing an aggressive credit card debt repayment program, but now without m,y good IBM income I liquidated my entire IBM 401K, paid off ALL my credit cars and had a bunch left over so I spent most of the Spring of 2003 "down my the river in my 1994 Chrysler Caravan!" Because it kept raining down there and bringing the river up again and I decided to just starting to pack a big cooler with supplies for up up four days was the longest I stayed down there before driving back and rebooting my cooler! (Man I miss those days!)
>>
>> Now I just have a "bunch of stocks" (and I will NOT say how much, but suffice to say it's "a bunch!"
>>
>> In addition to the $150,000 worth of the most heinous stocks that I sold to buy and fix up this house!
>>
>> John Kuth...
>
> You should move some, or all, to a Roth IRA so you can collect the money
> tax-free at retirement time.
>


Doesn't that require the payment of a bunch of taxes NOW? It may not
make sense.

Taxed and Spent wrote:
> On 7/20/2017 4:13 PM, Alex wrote:
>> John Kuthe wrote:
>>> On Wednesday, July 19, 2017 at 6:05:49 PM UTC-5, Alex wrote:
>>> ...
>>>> You never contributed to an IRA or 401K? Guess you worshiped all
>>>> of the
>>>> money you made rather than planning for your future!
>>> I HAD a good 401K when I worked for IBM in the late 1990's until
>>> June 2002 when IBM laid off 15,001 workers worldwide and I was THE
>>> ONE! Then as I has been pursuing an aggressive credit card debt
>>> repayment program, but now without m,y good IBM income I liquidated
>>> my entire IBM 401K, paid off ALL my credit cars and had a bunch left
>>> over so I spent most of the Spring of 2003 "down my the river in my
>>> 1994 Chrysler Caravan!" Because it kept raining down there and
>>> bringing the river up again and I decided to just starting to pack a
>>> big cooler with supplies for up up four days was the longest I
>>> stayed down there before driving back and rebooting my cooler! (Man
>>> I miss those days!)
>>>
>>> Now I just have a "bunch of stocks" (and I will NOT say how much,
>>> but suffice to say it's "a bunch!"
>>>
>>> In addition to the $150,000 worth of the most heinous stocks that I
>>> sold to buy and fix up this house!
>>>
>>> John Kuth...
>>
>> You should move some, or all, to a Roth IRA so you can collect the money
>> tax-free at retirement time.
>>
>
>
> Doesn't that require the payment of a bunch of taxes NOW? It may not
> make sense.

No. It was tax-free money that he inherited.