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Subject:  Re: IMF not amused by credit market meltdown Date:  4/11/2008  10:55 AM
Author:  alstroemeria Number:  23584 of 36388

At least you'll get a "gift". Some of us won't, including my almost 90 year-old mother who sold some stock last year and "made" more than $75k.

That's too bad--really, I am sorry. Timing, as they say, is everything.

The year before we no longer had to pay taxes on the profit from the sale of a home (up to $500k) regardless of the relative cost of the next home, my parents sold the house they owned for over 40 years, and traded down. They bought their first house--a smallish rancher in the NYC burbs--in 1949 for $19k and sold it in 1994 for $490k. They lost out on a great deal more than $1200, enough to make a dent in their standard of living in retirement. Timing...
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