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Small Biz Owner Pulling the Plug
Old 05-17-2012, 10:51 AM   #1
Confused about dryer sheets
Join Date: Dec 2009
Location: kingwood
Posts: 6
Small Biz Owner Pulling the Plug

Hi Guys and Gals , Looks like I'm officially pulling plug next week.

I've been " kind of retired " for several years ( lease income ) , but next week my lessee is exercising his option and our deal closes and funds.

I'm 55 / wife is 54 , we are in good health , and no debt other than a couple of rental houses with 70% LTV mortgages and long term renters.

After the sale ( post tax ) , the portfolio will be in the 1.5M range. I'm strongly considering working the portfolio over to the " Merriman Ultimate Buy & Hold Portfolio". I'm a little nervous about dumping the sale proceeds into the portfolio with the market @ 12,500 and artificially low interest rates , but thinking I'll dollar cost average my way fully in.

At some point in the future we'll inherit some family land and modest cash.

We'll need to draw down annually to fund living expenses ( I've read the stickies on drawdown ).

FIRECALC says we're good to go , but I'm still a little nervous.

I get a little bored , so I may do a little real estate investing with my uncle who's been a great equity source and partner over the years. Mainly low risk small commercial and land deals.

Full Retirement looks like it's going to be , moving back home to be able to care for my parents , playing with my cars , playing a little golf , gardening , and whatever else comes my way.

Looking forward to the next chapter

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Old 05-17-2012, 11:21 AM   #2
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Join Date: Apr 2012
Location: San Diego
Posts: 6,722
Congratulations on reaching the point to pull the trigger.
I'm hoping to be only 2 years behind you.
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