Jim in Anchorage

I think you are mixing the "EII mentality" with the "American mentality".

I think falling into the job would be a better description.

Ask the Erie Indians. If you can find one

From my ancient Catholic training[ I bussed at the last supper] the only physical appearance of God[actually his son] mankind has is Jesus. So of course that is the image people have of God. That was his Son's Manifestation on Earth. For all I know, on some other planet, Jesus looked like one of the lobster people.

I already know what I get. Lunch on the company from KFC. Or Sams club.

Probably not a good idea to drive it to Florida.

unbeliveable

I think that's been answered here. S&P index funds.[i am not a Chef Jim, but I play one on TV]

This may be a new big cat defense. "My view is absurd, but the view no one actually expressed is equally absurd."

Considering he's right on the edge of being in a institution, no.

That was tried at the practice facility. No such luck

A one time jury award for a brain injury doesn't count.

That's a tough situation, particularly in Florida. But I can see his line of reasoning since at that time real estate was going uo 30% a year. In fact I have a book written by a so called real estate guru in Florida[2003] that advises exactly that strategy. Aside from real estate and renters though, my strategy is completely different. I don't care if the value of the property goes up or down. Thats unimportant since I am not selling. What I do care about is a positive cash flow from the rent's after everything is paid [and I mean everything-mortgage, tax's , insurance, utility's, everything]. I can't tell you how many time's I have had this conversation with a real estate agent- me"Why should I buy this? I will be bleeding $1000 a month." REA-"Well, your looking for the property to appreciate" Pass. Depending on my circumstances I can ether pay extra on the principle,or not. When the note is paid I have two choices-keep it, since now the rent is pure income, or sell if the market is right. And my golden rule is NEVER borrow against the property. I would rather keep one then lose them all. And I am NOT Scooby but I am not talking $8000 Buffalo rentals here. They are 4 unit buildings in the $400,000 range. And as I mentioned, the tax breaks on rental property are fantastic. Every time a renter flushes the toilet I deduct it.[Water bill]

I am planning on when the property is sold it will buy a grand send off for myself, including a riderless horse and a Gold sarcophagus

Correct. I have some long term renters that are paying under market value, but they are are a landlords dream. I am not going to upset their lives, and maybe create a new problem for me[if they move out] by raising their rent. New people pay full pop.

As far as I can figure, I have no risk unless people quit renting apartments altogether. That is the source of my income. But of course I will always need to be prepared for [expensive] property repairs, unlike a IRA. The units are the cash cow, and I can't just put a bucket under a roof leak.

That seems to be the way it works.Friend of mine[loaded, but because of his wife, not anything he did] wins a $40,000 truck. Trades it in to upgrade his $35,000 boat to a $60,000 boat.

Thank God I came here for retirement advice. Never thought of the lottery[opps said thank God-will that disqualify me for a presidential run?]

I said SOME pretty sharp people here.

There are some pretty sharp people here and I wonder how you are planing your retirement. I have very little in IRA's, I put all my extra money in rental property [Wonderful tax benefits, by the way.] Background-53, figure 15 years to go.

This is as bad as Conner, but in a different way.

You forgot none of the above.

Looks like Woods has some juice with the FAA. A seat belt? They had to look long and hard for that one.