UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: mikegumz Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75805  
Subject: Re: Investing for current income Date: 7/10/2000 4:50 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
when my dad died their house was paid for and they had minimal other assets. my two siblings and i had mom sell the house and over the past three years she has gifted us three and spouses 20k per year. we inturn invested in different muni bonds in our home state with 5k notes in 12 different months and we recieve the funds in our names, cash the checks, give ma the procedes, and have protected her investment of the houses money, avoided inheritence problems and given her a 5 1/2 to 6 1/2 return on the princial all tax free. of course you must trust each other not to blow the money gifted to you until mom meets dad, dances to sinatra and watches dimaggio hit one out. hope this helps
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.