Investing in Land
// January 29th, 2003 // 2 Comments » // General
This is a tax shelter while you’re working (since interest in a mortgage is deductible) and land always appreciates in value over time (even in Arizona
). When you retire you can sell the land and if you’re over 59 you can skip paying the taxes (this is a one-time benefit). And if you invest in land by buying a home and you live in the home for 2 of the last 5 years, you can keep the gains from the sale of the house tax free up to 250k (500k if you’re married). Go put that into some IRA’s and life will be gooood come retirement age.


