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Looking for smart tax deductions for 2008

My wife and I will make about $400K this year. Our personal debt (credit cards) is $0 and our current 15 year mtg. has $300K and 10 years remaining at a fixed rate of 5.375%. Where is the best place for us to invest our $$ in an effort to hang onto the bulk of it?? We are maxed out on our anual 401K's, etc. Thanks, Bob & Phyllis 49


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  • # Posted 6 months ago
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Antonius
19 answers
6 thumbs up
“You need to be aware of what others are doing, applaud their efforts, acknowledge their successes, and encourage them in their pursuits. When we all help one another, everybody wins.” —Jim Stovall

I'm sure you already know about 1031 exchanges.

Posted 6 months ago ( permalink )
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Speak to your financial advisor, as I'm not sure what risks you are comfortable with.
Posted 5 months ago ( permalink )
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JtotheA was invited by Yedda to answer this question.

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jessicalynne
58 answers
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I agree with JtotheA--talk to your financial advisor; they will help you with this.
Posted 5 months ago ( permalink )
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chris
174 answers
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on the anniversery of your mortagage you should be allowed to put an additional payment of a percentage of the remaining amount. i would do this. with the remaining money it is the sensible option to either talk with a broker, or even your bank will give you some ideas. if you do decide to go with a broker ask friends and family who they deal with

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