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| Busy with harvest myself, so a short response. You can have your cake and eat it too regarding selling depreciated/appreciated assets and owe zero federal income tax, plus get a current tax credit to be used towards future taxes owed at the same time. And in turn, take this resultant tax free pool of funds and create a lifetime income for yourself and your spouse. First order of business also is have a plan to address the nursing home. Remember this, no plan is still a plan, just not a very good one, as the nursing home is a far greater threat to retirement savings than anything else.
Edited by Boone & Crockett 10/2/2024 07:01
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Retirement meeting with my accountant
