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re: This Houston couple has $2.6 million and no idea where to retire

Posted on 5/15/21 at 7:50 pm to
Posted by GetmorewithLes
UK Basketball Fan
Member since Jan 2011
19166 posts
Posted on 5/15/21 at 7:50 pm to
quote:

Im shooting to retire at 60 but my number is 5 mill


I could make that in about 2-3 yrs if Biden doesnt frick it up...
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 5/15/21 at 7:51 pm to
if you are smart it wont be anywhere near america and it will be somewhere you have rights that are protected
Posted by tigahbruh
Louisiana
Member since Jun 2014
2858 posts
Posted on 5/15/21 at 7:54 pm to
Lacombe, of course.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13710 posts
Posted on 5/15/21 at 7:55 pm to
Asheville, NC
Greenville, SC
Fayetteville, AR

Honestly, just outside of Knoxville would make the most sense. No state income taxes, close to mountains/large college activities
Posted by pensacola
pensacola
Member since Sep 2005
4655 posts
Posted on 5/15/21 at 7:56 pm to
Belize Navidad!
Posted by FLObserver
Jacksonville
Member since Nov 2005
14523 posts
Posted on 5/15/21 at 8:13 pm to
quote:

Baton Rouge.

Ah the smell of sulfur in the air is so refreshing


quote:

If you never retire you do not need to worry about saving money.


THis will be be me. My gravestone will read "Finally Retired."
This post was edited on 5/15/21 at 8:16 pm
Posted by Yeti_Chaser
Member since Nov 2017
7794 posts
Posted on 5/15/21 at 9:33 pm to
Hood River
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2182 posts
Posted on 5/16/21 at 1:08 am to
I sure hope $2.6m plus home equity and $46k pension is enough to retire.

I plan to retire soon at 45 w same balance, no home equity, and $70k pension. We still have 2 kids in elementary school. Main things that worry me are the out of control housing market and inflation.

Aiming to relocate between St Aug and Jax, FL. We are eager to settle somewhere and establish roots after 20+ years moving frequently in military.
This post was edited on 5/16/21 at 1:25 am
Posted by ellishughtiger
70118
Member since Jul 2004
21135 posts
Posted on 5/16/21 at 1:21 am to
quote:

Also retiring at 59 with only 2.6 mill is suspect


Please Cosmo what do you know about having 2.6mm - we know you earn much more by being the first to respond on every OT post since 2005 - loser
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
84956 posts
Posted on 5/16/21 at 1:23 am to
Flora-Bama
Posted by MrFreakinMiyagi
Reseda
Member since Feb 2007
18970 posts
Posted on 5/16/21 at 1:29 am to
Panama
Posted by Knight of Old
New Hampshire
Member since Jul 2007
11092 posts
Posted on 5/16/21 at 5:55 am to
Ferguson, MO...
Posted by makersmark1
earth
Member since Oct 2011
16130 posts
Posted on 5/16/21 at 5:58 am to
quote:

Greenville, SC


Close by is Glassy.

In the Blue Ridge Mountains.

Great golf. All four seasons.
Posted by lshuge
Member since Sep 2017
818 posts
Posted on 5/16/21 at 6:23 am to
quote:

We will have about $46,000 in pension income as well as access to retiree medical insurance.


You must have worked in a government job.
Posted by SlidellCajun
Slidell la
Member since May 2019
10629 posts
Posted on 5/16/21 at 6:26 am to
quote:

We expect to spend around $600,000 on a home wherever we end up.


With one of the criteria being good scenery, the house budget might put a damper on what you can get. Typically the better the view, the higher the price.
Do you like to look at water, mountains, forest or other natural beauty or maybe more man made scenery like a city skyline?

Posted by The Boat
Member since Oct 2008
164633 posts
Posted on 5/16/21 at 7:13 am to
quote:

$100k a year income
quote:

Easily doable

You don’t say?
Posted by Ramblin Wreck
Member since Aug 2011
3899 posts
Posted on 5/16/21 at 7:40 am to
quote:

Fairhope Alabama near the bay


Funny that I should see this in a post. My wife and I are in our 50's and drove along the bay in Fairhope yesterday. We were actually looking for an area to relocate to for retirement. Fairhope is gorgeous, but $600K will pretty much only buy you a vacant lot. I noticed from real estate websites that you can buy the same view from the other side of the bay for about $80K. I haven't driven around over there, so am not sure what the drawback is other than not being Fairhope.

We also drove around Perdido Key side of Florida, which would save on the 5% state income tax in Alabama, but it just doesn't have the vibe and beauty of the Fairhope / Daphne area. The traffic along the key was pretty awful too, even before the summer season officially in gear.
Posted by Ramblin Wreck
Member since Aug 2011
3899 posts
Posted on 5/16/21 at 7:48 am to
quote:

quote:
Baton Rouge.

Ah the smell of sulfur in the air is so refreshing


Baton Rouge doesn't smell like refineries, maybe roasting coffee as you cross the bridge. It's really not a bad area as much as people complain about it. My gripe with Baton Rouge is the idiotic interstate design, traffic and cost of some items like registering a car and auto insurance. I've been here two years and still have out of state plates. However, somebody needs to clean the scum out of the lake and pressure wash the capital building.
Posted by member12
Bob's Country Bunker
Member since May 2008
32145 posts
Posted on 5/16/21 at 8:24 am to
Louisiana taxes retirement income.

So I would go with Mississippi. Maybe the gulf coast somewhere, but not on the beach with their budget.

I’m sure there is a golf community for old folks around there that is really nice. If not, Florida is usually a good option for retired people.
This post was edited on 5/16/21 at 8:25 am
Posted by Trevaylin
south texas
Member since Feb 2019
6044 posts
Posted on 5/16/21 at 9:33 am to
Trelingua
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