Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 08-17-2018, 08:48 AM   #21
Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Coronado
Posts: 2,695
I also think keeping the current home for a while and renting an apartment near work is a good plan. If you do this for more than 3 years, then sell, you will fail the "primary residence for last 2 of 5 years" test that allows you to exclude up to $500K of the capital gains from your taxes, so you need to plan carefully and make the final decision to sell before you reach the 5 year mark. At that time, you'd be close enough to retirement that it might make more sense to buy near your kids and use that last year or so to do whatever remodeling might be needed or wanted before making the final move.
cathy63 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!


buy, move, rent, retire

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
pre 55 and pre 59 1/2 cash withdraw options??? Luck_Club FIRE and Money 10 06-08-2017 07:38 AM
Would like your advice AlmostDone FIRE and Money 12 01-06-2008 11:22 AM
Would Like Some Advice glen12 Life after FIRE 25 11-16-2007 03:28 PM
Would like some advice ERfantasy Hi, I am... 19 11-04-2005 10:21 AM
Would like Advice smooch FIRE and Money 8 02-15-2005 05:27 PM

» Quick Links

All times are GMT -6. The time now is 02:51 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.