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How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

It seemed reasonable to devote a greater portion to real estate, in order to further diversify our portfolio. We paid around $200,000 in 2007 for the property with an extra amount for furnishings and a slip in a yet-to-be-built boat dock. If we hadn’t generated that gain, our taxes would have been lower.

Vacation 124
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Seven Retirement Lessons Learned

Prairie Eco-Thrifter

Hubby retired in July 2007. Our alternate income streams include an inherited IRA, real estate rental income and dividends/interest from investments. Remember to include taxes as an expense. This lets us see them enjoy the money, saves on death taxes and helps them out when they are young and poor.