Hey old farts..how many over 50 yrs?

ttystikk

ttystikk

Well-Known Member
tyler.durden said:
Where do they live? Are they moving into a smaller home that they'll own outright, or renting something? Hard to believe that rent could be lower than the expenses of a paid off house...
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They split their time between northern Colorado where I grew up and interior British Columbia. Property taxes aren't too high but maintenance on the house plus allergy issues. I dunno. I think it's a dumb ass move.

They will keep a condo in town and live there.

They are pissing away money left and right though. It makes no sense to me.
 
ttystikk

ttystikk

Well-Known Member
tyler.durden said:
Rent is insane in large metro areas. I just moved from Chicago to just over the boarder to Indiana and bought a home for cash. The rent in my tiny one bedroom in Chicago was going up about $30 per year for about 15 years. Then it went nuts - first a $200 per month raise, then the next year another $160, with no end in sight. Buying cash used up a lot of my nest egg, but it costs me less than $700 per month now, including all expenses including electricity for my grow. I'm close to Chicago to work, but the cost of living is crazy low. I fill up for gas for about $3.25 per gallon, and as soon as I get to Chicago it is over $5! The apartment I was living in just last summer went from $1300 I was paying to over $1600 now, that's without utilities. Crazy shit...
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Exactly what my folks did. I didn't understand what changed but they're determined to sell. They won't even wait for prices to rise as interest rates fall in a few months.
 
hillbill

hillbill

Well-Known Member
All fees and tax increases are most always passed through to the renter, and most always with a mark-up to maintain profit profile and percentages on the property.
 
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BarnBuster

BarnBuster

Virtually Unknown Member
"Fiduciary" is an important legal construct especially as it relates to anyone who advises you in investments. They are legally bound to always to act in the client's (your) best interests. Not the case in someone who is not a fiduciary.

What Fiduciary Duty Means (and What It Doesn't) - SmartAsset | SmartAsset

SEC-registered financial advisory firms must adhere to fiduciary duty. This means that the advisor is legally obligated to act in the interest of clients.
smartasset.com
 
BarnBuster

BarnBuster

Virtually Unknown Member
Although Medicare Advantage may look like it offers "advantages" and sometimes a hard to believe low monthly premium, make sure you thoroughly understand the pros and cons. Trying to change to traditional Medicare and a Supplemental policy later may prove to be problematic and expensive.

www.newsweek.com

The Truth Behind Medicare (Dis)Advantage's Disinformation Campaign

Right now, Big Insurance is descending on Capitol Hill with millions of dollars and an army of lobbyists and ad campaigns to spread disinformation about Medicare Advantage.
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