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| Subject: Allocation advice needed... | Date: 6/24/2001 1:58 PM | |
| Author: jerryls12 | Number: 30411 of 72253 | |
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I need some advice from all the "Fools" out there. Here is the situation: My father (age 62) recently sold a portion of the family business (a ranch). The sale is structured with Dad as the mortgage holder (7 year term). The mortgage will generate a monthly payment. He retains ownership (under an S-Corp) of the remaining portion of the ranch, which will be leased out, generating yearly payments. Dad currently has no outstanding debt, no retirement plan (aside from a small IRA), and no interests in any other businesses. My questions are: How would you invest the monthly and yearly payments (asset allocation)? Should he be converting the remaining land holdings out of an S-Corp into a trust or some other financial vehicle? Thanks! Jerry |
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