Jump to content
Sign in to follow this  
MDC

Best way to invest $25K?

Recommended Posts

Itisatipthat Roth 401k

 

 

Yeah, cause you can add lump sums from an inheritance to a 401K......NOT! :dunno:

Share this post


Link to post
Share on other sites

throw it on Federer to win the US Open...

 

after september 14th, cash out and wonder how to invest 25K+ :shocking:

Share this post


Link to post
Share on other sites
Upgrade the coffee pot at the office. It will lower the stress level at the job.

 

 

Invest in real creamer for the coffee. Secretary of the Week is in the bag. :music_guitarred:

:lol: I was gonna say invest it in the low-budget remake of "9 to 5" :dunno:

Share this post


Link to post
Share on other sites

MDC, Andy Dufrane, or anybody,

 

What are the tax implications for something like this. Let's say your grandma who is now living in a assisted living place gives her old house to you and your sister to sell.

 

How do you get away with paying as little tax as possible? Should Grandma sell the house and 'gift' the monies instead?

Share this post


Link to post
Share on other sites
MDC, Andy Dufrane, or anybody,

 

What are the tax implications for something like this. Let's say your grandma who is now living in a assisted living place gives her old house to you and your sister to sell.

 

How do you get away with paying as little tax as possible? Should Grandma sell the house and 'gift' the monies instead?

 

 

I believe each state has different legislation on this matter. One thing I can offer is the State and Federal Gubments aren't foolish when it comes to losing tax dollars. It isn't as easy as 1-2-3 to rid an estate of money to avoid tax implications or avoid nursing homes from sucking your inheritance dry. Grandma should have been gifting long before her assisted living days.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×