Owning in retirement

On Apr 24, 2:17*pm, Ross wrote:
Robert M. Gary wrote:
On Apr 24, 7:54 am, Ross wrote:
Mike Noel wrote:

I have always been sole owner of the plane. I have been thinking about a
partnership, but then I have someone else to work with on how it is
flown, maintainence, etc. I have never been there. Not saying it is bad
as lots of folks do it. I guess a two way partnership splits everything
50-50 except the gas, oil, and reserves. *Need to look at what AOPA has
on the website.

When I did it we charged monthly dues to cover all fixed expenses and
then figured all variable expenses (repairs, not routine parts of
annual) to an hourly rate that we charged. That way the guy who flys
10hr/yr can get along with the guy who flys 100hr/yr. Everyone is
interested in keeping the maintenance top notch so there isn't much
concern there. It also helps during owner-assisted annuals because you
have more hands turning screws (something like 1000 screws to annual a
Mooney).

-Robert

Scratch Mooney as a plane to upgrade to... Actually, I used to work with
a john Mooney that was the son of the founder. He used to work at Texas
Instruments years ago.

160 knots on 10 gal/hr is hard to best though. I've thought about
upgrading to a Bonanza as my boys get larger. Two things stop me.
First, the fuel economy of the Mooney, second the Bonanza's limited
baggage loading ability. When we flew a rental Bo we could only load
the first couple bags through the door, the rest go over the back of
the seat. Mooney fixed the problem by putting the luggage door at the
top so you can load straight down like a car trunk vs. through the
side with a little door. We usually load baggage to the ceiling.

-Robert

"RG" == Robert M Gary writes:

RG 160 knots on 10 gal/hr is hard to best though.

Any RV (except the -12) will easily best that. Buy a used one for
less than the Mooney.

--
Cancel the kitchen scraps for lepers and orphans! No more merciful
beheadings! And call off Christmas!
~ The Sheriff of Nottingham

On Apr 24, 7:57*pm, Bob Fry wrote:
"RG" == Robert M Gary writes:

* * RG 160 knots on 10 gal/hr is hard to best though.

Any RV (except the -12) will easily best that. *Buy a used one for
less than the Mooney.

If you don't mind flying something an unknown person built.

-Robert

Robert M. Gary wrote:


If you don't mind flying something an unknown person built.

I don't know anyone who built my Beech. G

"RG" == Robert M Gary writes:

RG On Apr 24, 7:57*pm, Bob Fry wrote:
"RG" == Robert M Gary writes:

* * RG 160 knots on 10 gal/hr is hard to best though.

Any RV (except the -12) will easily best that. *Buy a used one
for less than the Mooney.

RG If you don't mind flying something an unknown person built.

As opposed to flying a 40-year old antique that many unknown persons
have hacked at over the years....
--
Fascism is capitalism in decay.
~ Vladimir Ilyich Lenin

Hi All:

I'm one of these retired guys who wants to fly as long as possible. We might
be stuck with moving to California and want to know if there is anything on
line where we could plug in our numbers and get a ballpark idea of what out
income tax liability would be in Calif??

We have property in Washington State and San Diego. We had planned to sell
both and move to an airpark. However with the depressed market in San Diego
we might have to live in that one for a while.

Cheers:

Paul
N1431A
KPLU

Paul M. Anton wrote:

Hi All:

I'm one of these retired guys who wants to fly as long as possible. We might
be stuck with moving to California and want to know if there is anything on
line where we could plug in our numbers and get a ballpark idea of what out
income tax liability would be in Calif??

http://www.ftb.ca.gov/individuals/tax_table/index.asp

Your California Taxable income will be the same as the Federal for most
people.

We have property in Washington State and San Diego. We had planned to sell
both and move to an airpark. However with the depressed market in San Diego
we might have to live in that one for a while.

Or rent out the place in San Diego until the market recovers.


--
Jim Pennino

Remove .spam.sux to reply.

Or rent out the place in San Diego until the market recovers.



We've been down here repairing the damage from renting it out for the last 4
years. :-(

Don't want to face that again.

Thanks for the link to the california tax info.

Paul
N1431A
KPLU.

Bob Fry wrote:
"RG" == Robert M Gary writes:

If you don't mind flying something an unknown person built.

As opposed to flying a 40-year old antique that many unknown persons
have hacked at over the years....

55 years young, but whose count'n...

All "hack"ers are listed in the logbooks...

I'm but the 3rd owner...

"DT" == Darrel Toepfer writes:

DT All "hack"ers are listed in the logbooks...

So you think....
--
Isn't it enough to see that a garden is beautiful without having to
believe that there are fairies at the bottom of it too?
~ Douglas Adams