http://www.schoolsnursing.com/i-am-attending-college-here-in-columbus-ohio-usa-working-on-my-masters-degree-in-nursing-msn-3/ advice on Nursing Schools from real people Thu, 09 Feb 2012 00:28:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.schoolsnursing.com/i-am-attending-college-here-in-columbus-ohio-usa-working-on-my-masters-degree-in-nursing-msn-3/comment-page-1/#comment-4272 jeff410 Wed, 18 Nov 2009 22:07:06 +0000 http://www.schoolsnursing.com/i-am-attending-college-here-in-columbus-ohio-usa-working-on-my-masters-degree-in-nursing-msn-3/#comment-4272 Thats a tough question. If you take the money out now you only have to pay taxes on the increase in value since the date of his death. And if you sell the Condo you can exempt 250 thousand of gain from taxes, as long as you lived in it for two years. Abbott is safer than most stocks. I would compromise and take part of it out to buy the Condo. Its also a good idea to diversify between real estate and stocks. Keeping part of it in stock it would be more liquid than a Condo, in case you needed money. Thats a tough question. If you take the money out now you only have to pay taxes on the increase in value since the date of his death. And if you sell the Condo you can exempt 250 thousand of gain from taxes, as long as you lived in it for two years. Abbott is safer than most stocks. I would compromise and take part of it out to buy the Condo. Its also a good idea to diversify between real estate and stocks. Keeping part of it in stock it would be more liquid than a Condo, in case you needed money.

]]> http://www.schoolsnursing.com/i-am-attending-college-here-in-columbus-ohio-usa-working-on-my-masters-degree-in-nursing-msn-3/comment-page-1/#comment-4271 Darn Dave Wed, 18 Nov 2009 21:52:07 +0000 http://www.schoolsnursing.com/i-am-attending-college-here-in-columbus-ohio-usa-working-on-my-masters-degree-in-nursing-msn-3/#comment-4271 There are way too many variables to give you a good answer on the information provided. How long will you stay in the area? What is the trend in real estate prices in your neighborhood? What other assets, liabilities, income and expenditures do you have? Seek the service of a Certified Financial Planner to help you sort through all the questions. One thing I can tell you: move the money out of the stock. Don't be invested in a single stock, there is too much risk there. I have nothing against Abbott Labs, I just don't recommend being invested in one stock, no matter how good the company is. If you decide to invest, set up a diversified mix of mutual funds, tailored to your risk tolerance and time horizon. Good Luck! There are way too many variables to give you a good answer on the information provided. How long will you stay in the area? What is the trend in real estate prices in your neighborhood? What other assets, liabilities, income and expenditures do you have?
Seek the service of a Certified Financial Planner to help you sort through all the questions.
One thing I can tell you: move the money out of the stock. Don’t be invested in a single stock, there is too much risk there. I have nothing against Abbott Labs, I just don’t recommend being invested in one stock, no matter how good the company is. If you decide to invest, set up a diversified mix of mutual funds, tailored to your risk tolerance and time horizon.
Good Luck!

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