qwerty3656
Full time employment: Posting here.
- Joined
- Nov 17, 2020
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- 763
So we're recently retired and have a comfortable nest egg. Recently, we've had some discussion about whether we should get a seasonal home (say, for example, a small home in Florida).
Just to use simple numbers let's say we have a $1 million in IRA and are comfortable with that number as a retirement nest egg. If we take say $250k and pay cash for a home in Florida would you still consider that we have a $1 million nest egg? You can ignore taxes (most of our money is in Roth).
Edit: I guess one consideration is would our monthly expenses increase if we had a 2nd home.
Just to use simple numbers let's say we have a $1 million in IRA and are comfortable with that number as a retirement nest egg. If we take say $250k and pay cash for a home in Florida would you still consider that we have a $1 million nest egg? You can ignore taxes (most of our money is in Roth).
Edit: I guess one consideration is would our monthly expenses increase if we had a 2nd home.
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