califdreamer
Recycles dryer sheets
Thanks NYCGuy for heads up on SEPP for 401k/IRA withdrawal. I will research!
LushLife, sounds like you'll have active social life in NC.
I crunched the numbers more carefully and came up with an interesting scenario. I sell house in SD and reposition some income properties (won't bore you w/ details). Relocate to sunny town in SW that didn't go nuts during RE boom and pay cash for 3br newer (<5yrs) home w/ pool and perhaps a little more sq footage than I actually need. Take in 51,500 in cash flow on repositioned RE assets (5% yield), leave one propty for growth w/o expectations for cash flow and bank 100K. For now, leave ESOP (which will become IRA) and 401k alone pending research on early withdrawal options.
I am EXTREMELY tempted to do this but I would certainly miss San Diego and my friends here. I would risk not being able to jump back in the SD housing mkt if for some reason I wanted to return someday. I would need to make the right moves to get 5% cash return on RE (it's tougher than it sounds). I would slow down my RE investment equity growth by tapping into it for cash. I am pretty frugal and unconcerned with status-oriented material stuff but would need to be comfortable with 51.5K. Out of that would come health insurance and money for hobbies (golfing, skiing, intl travel).
I've been very impressed with the wealth of experience, knowledge and wisdom throughout the website. I appreciate your views and insights.
LushLife, sounds like you'll have active social life in NC.
I crunched the numbers more carefully and came up with an interesting scenario. I sell house in SD and reposition some income properties (won't bore you w/ details). Relocate to sunny town in SW that didn't go nuts during RE boom and pay cash for 3br newer (<5yrs) home w/ pool and perhaps a little more sq footage than I actually need. Take in 51,500 in cash flow on repositioned RE assets (5% yield), leave one propty for growth w/o expectations for cash flow and bank 100K. For now, leave ESOP (which will become IRA) and 401k alone pending research on early withdrawal options.
I am EXTREMELY tempted to do this but I would certainly miss San Diego and my friends here. I would risk not being able to jump back in the SD housing mkt if for some reason I wanted to return someday. I would need to make the right moves to get 5% cash return on RE (it's tougher than it sounds). I would slow down my RE investment equity growth by tapping into it for cash. I am pretty frugal and unconcerned with status-oriented material stuff but would need to be comfortable with 51.5K. Out of that would come health insurance and money for hobbies (golfing, skiing, intl travel).
I've been very impressed with the wealth of experience, knowledge and wisdom throughout the website. I appreciate your views and insights.