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Reply to "Looking for some financial investment advice"
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[quote=Anonymous]OP, most people who are making at least $100k are paying a mortgage, and he is just taking the standard deduction and not deducting any mortgage at all. Our mortage deduction was like $25-35k last year, it was absolutely our biggest tax savings, and we don't have a big house. I would have him consult with a tax planner or financial planner. go to napfa.org and find a fee-only planner and can get some wealth planning advice. For $300k a year and no mortage I would do this immediately. Also, how stable is that income? How's his retirement savings? Does he have long term care insurance? Long term disability? Those are things I would be more worried about.[/quote]
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