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Author: mpell Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19224  
Subject: How to fit the puzzle together Date: 9/26/2008 7:20 AM
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DH (who is 66) and I are selling our home. Wondering how to best use what we have to put together a good new life.

Our Soc. Sec. and pension income is $23K, and due to health and other issues, our income fluctuates, so we make 10-40k over
that, depending on the year.

We will have over 500k cash after home sale. Sounds like a lot (imagine
having no $ and winning lotto for 500K, how your options would suddenly
expand!) but nowadays that can get eaten up just with buying a house.
(though we know we don't want to spend it all on housing!!)

Wondering if the creative minds here might be happy to play with this and
lay out their favorite scenario
as to what they'd do if the above was suddenly their financial picture? Rent/buy? How much to spend on housing in either rent or buy? How to manage the cash for best return.

There are so many ways to put one's life together...
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