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I'm looking for some investment advice from fellow Fools. Here's the brief scenario.
My wife and I are 40, with one minor child. We own real estate in Michigan, we live in Minnesota and have a 20yr home mortgage (in MN). We intend to sell the Michigan property. Estimated sale price = $125,000. We would like to use approx $10,000 for home improvements, and invest the rest for retirement. Our goals are to perform these transactions with minimal tax liability and to invest the income wisely. This is probably a no-brainer for everyone but me. Looking forward to reading your Foolish advice. Thanks.
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