Ray (Caller)
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I would say probably $400,000.
Well, sorry, I left that part out.
They would love to stay.
They want to stay on the farm until they pass.
And no, the farmhouse is not big enough to hold our family.
Roughly 90 acres.
Well, it's cash lease right now, and that farm income covers the taxes and insurance, and I would continue to do that and then have some recreational property there also.
At that point, we don't know if it would be a home park.
Well, it's just the location, the recreation.
30 miles.
Yeah.
The thing is, when they pass, my wife and the kids become 50% owners in it at that point anyway.
But then I think things get messy, and that's what I kind of worry about.
I agree.
My mom is 57 years old.
losing her job next month.
She's been working at a company for 22 years and I'm looking to have a discussion with her about her plans for retirement.
She so far has been unwilling to share her financial situation with me and discuss her retirement plan.
Um, so far she has, she told me that she's been put, she's going to put it off.
It's too soon to think about retirement and uh,