Quote:
Originally Posted by scottmandue
Sorry, let me clarify... not selling dad's (now mom's) property (two commercial properties) we need the rent off those two properties to pay for mom's care/expenses.
Curious how much tax they will take on my residential if I were to sell it and move on in a few years if I retire. (Owned and have lived in that house for over ten years).
Great advice! Retirement is still several years down the road... but that doesn't stop me from daydreaming  when the day comes I will seek professional advice.
And there is the rub... where would I go? My whole life (58 years) in the big city I am just getting an itch to downsize... but it is a big roll of the dice... and when I'm over 60 don't want to jump around trying to find something else that fits. The only places that actually have better weather (Hawaii and San Diego) are also the only places that a higher cost of living... and San Diego is still the big city. |
I am like you, spend a huge part of my life here in shorts and tee shirts daily. Forget the heavier jackets and other cold climate clothings, pants will just kill me if worn more then one day. San Diego is really nice, but is there a real difference compare to where you are, besides having to deal with a tenant and a bit of traffic? Retirement also means picking your own hours to have breakfast, go when traffic dies down so there's really no traffic, especially where you are. Hawaii is nice, but I think I would get Island fever. It would have to be in O'ahu. The big island or Maui will kill me with nothing to do. My wife will strangle me first.
My good friend and I are exactly the same age and have been talking about retirement. He lived across the street from me since the third grade and is set on condos in Hawaii. They have been condo shopping for the past year and plan to keep his house here for his daughter. We are a couple of years from 50, so when he actually retires, the transition will be smooth as stuff are being move over there slowly and the condo will be paid for in 15 years when he's done. Our plan is to stay put and make up the numbers and add to the traffic congestion during none traffic hours.