Posted by coshoo on December 28, 2017 at 10:27:44 from (65.101.148.136):
In Reply to: I think I'm gonna quit posted by DeltaRed on December 28, 2017 at 07:37:36:
Can't help you with the farming decision, because I was only a part-timer for about 10 years. It quit being fun after about 10 years, so I sold off the cattle in 1983 and have never missed them. But on the subject of needing to spend some money in 2017 to save taxes, GO SEE A FINANCIAL PLANNER TODAY to make sure you're putting all you can into retirement accounts. There are other types of accounts than the familiar IRA that has a $6,500 annual limitation- Wife was putting $12,500 a year into a plan for many years, deducting it all from income tax, and it sure is going to make our retirement a lot more comfortable. It isn't as secksy (sic- to get past the filter) as new equipment, but you get the tax break and still have the money to spend later on.
There is some value to the old saying "quit while you're ahead", might be especially appropriate if you're not really enjoying the stress of it anymore.
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