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Financial Planning / Tax Strategies


Subject:  How can he possibly Date:  5/3/2006  2:15 PM
Author:  ret2004 Number:  86627 of 127549

need your input – a friend is receiving $260,000 soon. He's in his early 30's, no kids, never been married, doesn't own a house, and has a new vehicle (pd). His monthly salary provides for his living expenses and wants to buy a house, get married, etc. in the future. The average price of a home is $150,000 in our area. Is there any way to reduce the amount Uncle Sam is going to want? He doesn't have time to set up a business, his job consumes his time. Also, what type of investments do you recommend? He isn't interested in taking a lot of risk with this money. Thank you.
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