Yeah...I think he has about $400,000 in his portfolio (conservative, safe growth)...so he may take it from there. Or, he will take out a home equity loan from the last week of December to the first week of January and pay it off when he sells the house to us. There are 4 couples, so he would end up giving a total of $192,000 to all of the kids and then he would have to rest to invest in a fixer upper in Hilton Head Island, SC...that's what he wants to do - haha.
He's 74.
Last edited by ScrimpAndSave : 07-28-2008 at 04:14 PM.
|