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Posted by Don on February 1, 2008, 2:08 pm
On 2008-02-01 02:21:24 -0800, photoguy_222@yahoo.com said:
> My father died recently, and left our family a
> surprising amount of money. We lived poorly
> all our lives, and knew that he was saving a lot
> of money. But we never expected it to be this much.
>
> My mother will make so much money on the
> interest, that she will now have to pay serious taxes.
> Something my dad hated.
>
> She has decided to give much of the inheritance to
> her children. This way, she will pay less taxes.
> This will amount to hundreds of thousands of dollars
> for each of us.
If you worry too much about tax, you could make bad investment choices.
Try to sort out the personal issues first, and don't let them influence
your financial decisions. Evidently, your father has passed on his
attitude toward taxes to you and your mother. Avoid his mistakes.
Remember all the good things, and then drop the nonsense and move on.
Think about prudent investments first and foremost and then consider
taxes. Don't let the tax tail wag the investment dog. If you pay a lot
of taxes, it means you are making a lot of money. Good luck.
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