Hello, I hope some financial whiz could help? All I want to know is the math of a question...my face is red to confess I'm a zero in this type of science...

My background: For decades all my investments (don't like complicated ones) are being tax-free preferring low interest to making complicated tax returns, and also because living in a partially subsidized apartment my rent would rise with taxable investments showing on returns. This was ok in the past...until the new law obligates corporations to send 1099s on all investments, including tax-free. So now I'm paying more rent.

My question: What would be more financially convenient in this case? Continue with tax-free investments while paying more rent? Or get taxable investments and paying even MORE rent than before, plus pay more tax...but getting higher interests? I may even be taken off the rent subsidy and pay over $1700 for my small studio which will finish all my savings in no time! (I'm retired senior...)

Thanks ever so much for your opinion. Rosedal

First , I would advise that you move to Oklahoma where the cost of living is much less. To know how much money you have and where it is and what income you recieve monthly would be helpful. I also suggest that you go to SavingAdvice.com and post this question with more information.

Incorporate a business. Get real money.