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What is your House plan at retirement?
Posted on 2/22/15 at 5:32 pm
Posted on 2/22/15 at 5:32 pm
It's such an elementary question, but I am sure some of you have personal experience. All of this assumes your retirement saving goals were met.
1. Live in paid for home? except for prop taxes of course
2. Cash out, downsize into smaller home (paid for)
3. Cash out, downsize into rental?
4. Cash out, move in with kids?
1. Live in paid for home? except for prop taxes of course
2. Cash out, downsize into smaller home (paid for)
3. Cash out, downsize into rental?
4. Cash out, move in with kids?
Posted on 2/22/15 at 5:50 pm to Dodd
quote:
Live in paid for home? except for prop taxes of course
or
Sell everything and move to S.E. Asia where 70 year old men can still slay hot 22 year olds.
Posted on 2/22/15 at 5:56 pm to Dodd
Probably cash out and downsize.
Posted on 2/22/15 at 6:00 pm to Dodd
Current plan to live in my paid for home for a few years (it's already paid for).
Then, probably around 60 years old, look to downsize, maybe to one of those garden homes.
Then, probably around 60 years old, look to downsize, maybe to one of those garden homes.
Posted on 2/22/15 at 6:07 pm to Dodd
2. Cash out, downsize into smaller home (paid for)
I guess.
I guess.
Posted on 2/22/15 at 6:23 pm to Dodd
quote:
2. Cash out, downsize into smaller home (paid for)
Posted on 2/22/15 at 8:49 pm to Dodd
Downsize into paid for home in a cheaper cost of living area.
Posted on 2/23/15 at 11:06 am to Dodd
Cash out/downsize is my plan around 47 or so. I should be close to retirement then and that hopefully will push me over the edge
Posted on 2/23/15 at 11:32 am to Dodd
quote:
1. Live in paid for home? except for prop taxes of course
Posted on 2/23/15 at 12:05 pm to Dodd
Upgrade. Use my rentals to pay new house note. If I have to bail and sell new retirement house I have a free and clear property as a safety net and its homestead exempt!!!!
Posted on 2/23/15 at 12:18 pm to Dodd
Hoping to downsize, but to a house in the Florida Keys where I can just fish everyday. Don't know how possible that is, mostly because I would have to retire in my early 50's to really enjoy it, but one can hope.
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