Personal Finance Kiplinger’s Personal Finance Adviser has some recommendations in their January issue. I have been a believer in them since the 60’s. You have to believe in someone or something. Tax return information: three years. I happen to believe that you keep the actual return for your lifetime. Get to go back and amuse […]
Author Archive | Duane Gomer
AGING: IGNORE IT
“Secret of Super Agers” There was a small article in a Newsletter I receive about the “Secret of Super Agers”. So I decided to check a few websites and get different opinions. For years I have been a believer that being happily married is a big plus, have a pet, perhaps a dog, for that […]
DO NOT UNDERSTAND
Only in America You can trot around the bases, state you do not hustle all the time, and blow bubble gum bubbles when you run to first base in a World Series and someone will pay you $30M for 10 years. Only in America. Harper will get around $40M a year, right. And Koufax and […]
CRUISE TIME
Real Estate Renewals in Exotic Places Years ago in another universe our company presented Real Estate Renewals in exotic places. Some of my favorite trips involved Acapulco, Cabo, Hawaii, Caribbean, New Hampshire, and other spots. Take a trip and get renewed. And a couple of informative meetings, thrown in for good measure. Loved those trips, […]
I WAS WRONG
Social Security Of course, many people would say, that does not surprise us. But this error concerns Social Security payments. Compounded or Not Compounded An author in the LA Times, Ms. Weston, had made a statement that the Social Security payment goes up 8% a year for the years between 66 and 70. She said […]
CFPB Update
Kathy Kraninger Is The New Director Of The 1,500 Employee Agency She was confirmed by a vote of 50-49 in the Senate and replaces the controversial Acting Director Mick Mulvaney. He was her boss at the Office of Management and Budget. Who Is She? Republicans say that she has been an outstanding government employee for […]
Landlords, Agents, And Others; Time To Move
So Many Times I Give Information And Then I Do Not Follow It Myself There is something that I think Duane and DJ Gomer and other rental owners should consider. Simple basic 1031 Exchange. And real estate agents should be telling their clients some of the benefits of exchanging in this market. There are so […]
Have Any Of You Heard About This Type Of Transaction
Someone Discussed A New (To Me) Type Of Investment Monetized Installment Sale (M453) Transactions. They were formerly called “collateralized installment sale” or “C453” transactions. They are based on Section 453 of the IRS Code. A Person Has Property With A Low Basis If they sell, large capital gains. If they do a 1031 Exchange, they […]