We are contemplating ER in 2015.
The plan would be to sell the family home and move to the beach condo (now a break even rental). The "savings" by moving and not w**king is crazy. Am I thinking straight?
Here are the categories and the estimated annual savings by ER & move:
Taxes (Federal, State, SS, Medi): $46,000
To condo in another state: (Property Tax, Home & Flood Insurance): $5,948
Other savings (no 401k contribution, utility savings): $29,600
Total Savings: $81,548/year
It's shocking to me that w**king & living in the family home costs me this much.
I would welcome any comments and shed some light on what I am missing.....
The plan would be to sell the family home and move to the beach condo (now a break even rental). The "savings" by moving and not w**king is crazy. Am I thinking straight?
Here are the categories and the estimated annual savings by ER & move:
Taxes (Federal, State, SS, Medi): $46,000
To condo in another state: (Property Tax, Home & Flood Insurance): $5,948
Other savings (no 401k contribution, utility savings): $29,600
Total Savings: $81,548/year
It's shocking to me that w**king & living in the family home costs me this much.
I would welcome any comments and shed some light on what I am missing.....