One week from today I should have my very first pension check...age 50...now working 3 days a wk in a gift shop...Selling the big house to move across town to what we will fondly call hodgepodgelodge, a smaller home that will serve snowbirds well. We become SBs in 3 more yrs when the youngest graduates.Already have our home in Fl.Plan to cash in Quest ASAP to avoid a home equity loan.The new home needs roof, carpet, etc.but we will be mortgage free at the new address then.We own some Fl rental property and hope that all our planning pays off as we both are now semi-retired.It has been fun finding this board & I guess I'll be a frequent visitor now.
woodmere- Do I understand correctly that you will convert your rental property into your primary retirement home? I'm curious about that as I've been wondering about purchasing a vacation home and renting it out until we're ready to use it -and the tax ramifications.
Why sell a good stock to pay capital gains rather than take out a HE Loan for which you can deduct the interest and this is the cheapest money you can get?Trying to get to retirement myself but with my own monies as I am self employed. Sim
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