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Daughter is getting married bob and Mary would like to either 1)
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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.
research memo format (1) facts, (2) issues, (3) authority list, (4) conclusion, and (5) analysis.

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Daughter is getting married bob and Mary would like to either 1)
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• Submitted On 21 Feb, 2018 03:18:25
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