Mary and Bob have been married for 25 years

Offered Price: $ 13.00 Posted on: 12/19/2015 12:49 AM Due on: 12/19/2015
Question # 00155288 Subject General Questions Topic General General Questions Tutorials: 0
Question

Mary and Bob have been married for 25 years. They are both college professors. Mary (50 years of age) makes $65,000 annually and Bob (60 years of age) makes $75,000 annually. Their oldest daughter is getting married. Bob and Mary would like to either 1) take out a second mortgage on their home (they can get an interest rate of 7 percent) or 2) withdraw funds from their IRAs or 3) sell their rental property. The cost of the wedding is $35,000. The equity in their home is $150,000; they have $80,000 in IRAs between the two of them and the basis of the rental property is $20,000. The rental property can be sold for $120,000. Mary and Bob want to know how they should finance the wedding and if tax implications will be a factor.

This is research paper, memo, client letter and include APA as well.

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