Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 04-18-2015, 12:00 PM   #21
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
Quote:
Originally Posted by 38Chevy454 View Post

...

I lived in SF bay area and am happy to be out of there myself. I always knew it would never be my retirement place, but moving out has moved my retirement date up a good amount. Not to mention I am happier out of CA, although some love it, that state is not for me. Have fun in Oregon.
+1
Am leaning heavily toward Oregon or PNW myself. Grew up in the SF bay area, did undergrad in SF, and still have family up there. Don't intend to ever return to SF. If not for family would never return to the bay area. Currently live in SoCal and it's equally as bad. Horrendous traffic, from LA to San Diego, unbelievably expensive, and as about as ugly as a place to live can get. Even if you live in the beach cities, you're trapped because getting out in any direction is a traffic nightmare.

Once I leave here in 5 years, I'll never return to SoCal, either. I know some people love it in this state--and good for them--but I'm personally pretty much over California.
__________________

__________________
Options is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-21-2015, 04:19 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,413
Quote:
Originally Posted by Steve O View Post
Congrats

Your now a bigger target for the TAXMAN...

Get ready to do your part in "Spreading the Wealth"...
oooh man don't remind me. we sold off most of our real estate holdings over the years and some of the sales were so big and the taxes brutal .

when we first started selling i thought about how much we may end up with when it was all sold.

boy was i wrong. almost 40% went for taxes , between the amt taxes , state and local taxes and hitting every phase out and surcharge there is i was way off base. .

i guess paying taxes means you are making money but ooooh they can be painful.

i think we started out pretax with assets in the 5 million range with about 4 million of it in real estate in manhattan . when the smoke cleared we were down to about 3 million which is what we are entering retirement with .

but being in queens in nyc the cost of living here is very high.
__________________

__________________
mathjak107 is offline   Reply With Quote
Old 04-21-2015, 05:30 AM   #23
Recycles dryer sheets
 
Join Date: Jun 2010
Location: Southwest Florida
Posts: 326
How do you get your net worth to the penny when real estate is involved?
Bruce
__________________
Gill is offline   Reply With Quote
Old 04-21-2015, 06:27 AM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,413
you can ball park it at best
__________________
mathjak107 is offline   Reply With Quote
Old 04-21-2015, 10:41 AM   #25
Recycles dryer sheets
 
Join Date: Jun 2010
Location: Southwest Florida
Posts: 326
Quote:
Originally Posted by mathjak107 View Post
you can ball park it at best
That;s what I meant. The OP is showing is net worth to the penny but yet he is obviously ball parking the real estate. I'd round it off to about the nearest hundred thousand, not the penny.
Bruce
__________________
Gill is offline   Reply With Quote
Old 04-22-2015, 08:37 AM   #26
Recycles dryer sheets
Taxman59's Avatar
 
Join Date: Sep 2014
Posts: 484
Quote:
Originally Posted by Steve O View Post
Your now a bigger target for the TAXMAN...
I have no one in my sights!!
__________________
Taxman59 is offline   Reply With Quote
Old 04-27-2015, 09:59 PM   #27
Recycles dryer sheets
knucklehead 61's Avatar
 
Join Date: Nov 2008
Posts: 136
Quote:
Originally Posted by MBMiner View Post
That;s what I meant. The OP is showing is net worth to the penny but yet he is obviously ball parking the real estate. I'd round it off to about the nearest hundred thousand, not the penny.
Bruce
quicken keeps track to the penny.
however, we use recent appraisals as well as input from research in the local market for values on our real estate holdings. quicken then deducts the 9 various mortgage amounts to establish the net value (guesstimate).

actual NW is a few 100k higher if i was to include all the tools, antique harleys & parts, tractors, excavators, trailers, jeeps, boat, etc., but that stuff doesn't generate any revenue.
__________________
knucklehead 61 is offline   Reply With Quote
Old 05-02-2015, 05:49 PM   #28
Full time employment: Posting here.
 
Join Date: Oct 2012
Location: Reno
Posts: 556
Congrats, knucklehead. Ironically, we hit the same milestone a few days after you, due to the house and cabin selling for more than what I estimated.
But it sounds like you're 10 years ahead of us, which is truly impressive.
I'm semi-retiring in two months and we're moving to Reno.
__________________

__________________
RobLJ is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Hi, my net worth Gazingus Hi, I am... 21 01-11-2008 05:12 PM
net worth poll wstu32 Young Dreamers 12 01-11-2006 05:59 PM
Net Worth by Age Anon FIRE and Money 18 09-14-2004 05:34 PM
Net worth sunrunner4@hotmail.com Life after FIRE 23 08-11-2004 12:23 PM

 

 
All times are GMT -6. The time now is 08:14 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.