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Reply to "Why do people have investment properties over stocks?"
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[quote=Anonymous]We have about 5mil in 401k/IRAs/brokerage accounts and 2.5mil in rentals that are paid off. We retired 4 years ago at 55 and the rental income has covered all our basic expense and some, we haven't touched our 401k/IRAs at all. The kids will get the rentals and stocks in the brokerage accounts with step up basis and will pay no tax. They will have to pay tax on the 401k/IRAs but we're in the process of converting some of those into Roth.[/quote]
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