Comments on: Monday Money Musings

By: Single Guy Money

Single Guy Money — Mon, 13 Jul 2009 23:29:17 +0000

I know you are sick of the rental property but I wouldn’t sell it right now. I’m not sure if you are using a property management company to manage the property for you or not. If not, I would go that route instead of selling and taking a loss. This way, it is hands off for you and the property management company handles all the dirty details.

This will give the market a little more time to recover and you won’t have to take a loss on selling the property.

Just my 2 cents….

By: Tom

Tom — Mon, 13 Jul 2009 17:35:21 +0000

How are you going to cover the loss?

Will you get the bank to agree to a short sale, or are you intending to make up the difference out of your own funds?

Don’t know yet, need to hire a professional to advise me. [-SM]

By: Tazzee

Tazzee — Mon, 13 Jul 2009 15:55:42 +0000

I was just thinking this morning that I need to increase my 401K contributions to the maximum. I decreased it to the max to be matched when I moved here until I could get a feel for my expenses here. I’m getting a raise-lite and a bonus-lite next month so its time for me to get back to my vigorous retirement planning.

By: nofearingthemoney

nofearingthemoney — Mon, 13 Jul 2009 15:48:36 +0000

Lately, I have been thinking about retirement planning. We are now within 15-18 years of our planned retirement date and I want to make sure that as we go into our 40s we are appropriately allocated,etc. for the next set of years.

I have also been thinking about increasing my cash holdings and my charitable contributions.

To coin a phrase: “That is all.”