Hello,
My wife and I live in the SF Bay Area. I am 51 and my wife 50. We have a Net Worth of appoximately $1.6M. $1.1M is in a mix of 401K, IRA's and Mutual Funds. We have about $500K in home Equity which includes our Primary Residence in the SF Bay Area and two Rental Properties in Fresno, Ca.
Our plan is to work another 5 years, sell our three properties and retire outside of the Bay Area. If we stayed in the SF Bay Area we would have to wait 10 years to retire which does not work for us( We have a $3K/month mortgage in addition to large maintainence costs).
We plan to spend our vacation time visiting possible retirement area. Can suggest great areas to retire? Must be a low crime area and a fairly warm climate.
Thanks.
My wife and I live in the SF Bay Area. I am 51 and my wife 50. We have a Net Worth of appoximately $1.6M. $1.1M is in a mix of 401K, IRA's and Mutual Funds. We have about $500K in home Equity which includes our Primary Residence in the SF Bay Area and two Rental Properties in Fresno, Ca.
Our plan is to work another 5 years, sell our three properties and retire outside of the Bay Area. If we stayed in the SF Bay Area we would have to wait 10 years to retire which does not work for us( We have a $3K/month mortgage in addition to large maintainence costs).
We plan to spend our vacation time visiting possible retirement area. Can suggest great areas to retire? Must be a low crime area and a fairly warm climate.
Thanks.