Recycles dryer sheets
- About UnrealizedPotential
- Retirement Year
- My current plan is to pay off the mortgage, sell my condo and move to a cheaper part of the country. I think I can get more cash in hand selling my condo than any other way of investing my money. I will keep my retirement accounts and taxable accounts untouched and let them grow. I will still contribute 5% to 401k[no match]. I have a pension that I can collect very soon afterwards. I can also collect dividends from my taxable accounts if I need to. I can live with my sister up north for a while until I figure out what I want to do. My condo has appreciated very nicely and I think it will continue to do so. I live 2 miles from the beach. All told I think I am looking at 700k not including the pension and SS. I can payoff my condo in 4 years. I plan on putting the money from my condo in a bond fund . My other investments will stay in stocks. I think this will give me about a 50/50 split.
- Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger