I and my wife are over 65 and the income from our business, making clothes for those in wheelchairs, is not extremely profitable. The only solution is to withdraw from my wife and my Roth. to purchase the new home. When we sell our existing home, the proceeds will go into our taxable accounts. I checked with my CPA friend, our lawyer and a CFP at Fidelity Investments. We need to write our congressmen (I will not say congresspersons) to allow funds in a Roth to be used as collateral on loans.
Just wrote up a contract to buy a house which is a) next to buy son's place b) set up for wheelchairs. I am trying to figure some way to borrow against my CSX stock which is sitting in a Roth account to buy this house and then when I sell my existing house when I can pay off the loan. Have you off you tried to do this? My credit union is talking mortgage, but that would include a lot of added costs. I that I can borrow against a margin account, at a high rate of interest.
Any experience in this mastter?
One thing that I have hoped for is that TVA is privatized and SO gets to buy up all or part, especially their hydoelectric power plants, but their customer base would be good, too.
. There are not many ways that this company can expand, this would be one. However, a study just came out saying that if TVA is sold to a state or authority their rates would go up. I take this to mean that the feds will no longer subsidizing their power. Also, the references to the study that I have seen did not mention privatization.
The reference that I have is an article in the Chattanooga Times-Free Press.
Kind of feel sorry for Ackman, he jumped out too early. 3.2 millon times $30, I could live well on what he missed.
Hey, smartmouth, I received my first share of stock in 1969. I spent 40+ years in business, designing manufacturing business and accounting computer systems. I know business because not only have I been involved with 3 startups - I am CFO of one small company and on the board of another.
UP may own 26% of Ferromex, but what are they getting in return for it? You don't know and you are too stupid to care. I don't care about how much manufacturing has improved, because most of it is along KCSM.
Don't forget that nearly all of the Class 1 railroads are working on modify their locomotives to run on natural gas and oil. Union Pacific is using the principal of a tank car full of LNG connected between two locomotives. Run the trains between Los Angeles and Chicago, refilling at each end. Norfolk Southern has 2 switchers hooked together with the engine removed from one loco and a big tank of compressed natural gas in its place.
Our President acting without notifying Congress and ignoring laws that he has signed is the problem. That and the EPA acting irresponsibly.
Saw it before - WSJ article on demand for, need for tank cars and the stock jumps. Keep those articles coming.
The stock market will expand far more under the Democrats in charge than Republicans, not because the economy is doing better but because investors know that the government is running p more debt, setting up a devaluing the dollar. We are in a greater risk of an inflationary spiral than in any previous administration. Add to this an out of control EPA which adding to the cost of production and cost living.