Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Hi from soggy seattle 57 and want to ER..lots of considerations and looking for input
Old 01-29-2013, 01:20 AM   #1
Confused about dryer sheets
Join Date: Jan 2013
Location: Seattle
Posts: 6
Hi from soggy seattle 57 and want to ER..lots of considerations and looking for input

Hi everyone, just joined and want to introduce myself. i am married and living in Seattle area and turned 57 in October. i have a house here and a condo I am renting out for 800. i need to raise it to 900. i also have a place in Eastern Washington which is arid and nice, but small. i live in a 2600 sq foot house with a view...I have a debt on this house of 310k. Worth about 550m. The condo is paid off worth about 150. and so is the second home in Eastern Washington worth aout 150. i have 1.5mm in retirement accounts and about 300m in cash equivalents. My wife is 58 and had brest cancer diagnosed in january of 2012 but is cancer free now and her hair is growing back again! Thank goodness. The plan is to retire at 59.5 and sell the house we are living in and get a place in either Palm Springs or Las Vegas. Than come back to the Eastern Washington house in the Summers. I Can get health insurance through my work so that should not be to big of an issue. my concern is with the California State Income taxes and the market and crime conditions in Las Vegas. I am amazed at how much house you can get in Las Vegas for cheap. i work in the investment business, and the portfolio is heavily weighted in fixed income securities. Any thoughts about where to live and downsizing, budgeting would be appreciated. We love to travel and cruise..we have Carrin Terriors too. So anyone traveling in motor homes or fifth wheels with is that working out? Thank you.
Golf cruiser 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 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 01-29-2013, 02:18 AM   #2
Thinks s/he gets paid by the post
obgyn65's Avatar
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I don't have a motor home but just wanted to welcome you to the forum. Happy to read that your wife is doing better.
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 01-29-2013, 03:41 PM   #3
Confused about dryer sheets
Join Date: Jan 2013
Location: Seattle
Posts: 6
Thanks for the welcome. Maybe I can help with your investment questions.
Golf cruiser is offline   Reply With Quote
Old 01-31-2013, 08:40 AM   #4
rodi's Avatar
Join Date: Apr 2012
Location: San Diego
Posts: 12,358

CA state income tax is an issue - especially coming from an income tax free state like Washington. (I used to live up the road in Bellingham, years ago.)

In general, CA state taxes similarly to the federal income tax. So there are deductions for common stuff like mortgage interest, etc. It's progressive, like the federal tax, so the lower the income, the lower the tax rate.

Palm Springs is starting to recover from the housing bubble/collapse. So purchasing there will need to be done prudently. I've read that some are seeing the formation of the next housing bubble.
rodi is offline   Reply With Quote
Old 01-31-2013, 09:30 AM   #5
Thinks s/he gets paid by the post
Accidental Retiree's Avatar
Join Date: Feb 2012
Posts: 1,224
Re: CA taxes, my draft return for 2012 has our CA tax bill at under $900, and that is at the top of the 15% fed bracket. Standard deductions, nothing fancy.

If you contribute to an HSA, that will not be deductible in CA, IIRC.

There is a website called CityData dot com (or dot net? Now I cannot recall). It has discussion boards similar to this. I have found it a great resource for asking questions about various places we considered moving.
Chief Retirement Strategist
The AR Group
Accidental Retiree is offline   Reply With Quote

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

» Quick Links

All times are GMT -6. The time now is 02:43 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.