What to do with Capital Gain
I will be retiring from the Federal government on January 1, 2010. Wooo Whoooo!
The plan is to sell our house inside the Beltway. We expect to net over $300,000, after we pay off what's left of our mortgage and a line of credit. After we sell the house we plan to move to Charlottesville, VA. We plan to rent to make sure this is where we want to settle for the rest of our lives, and to find the exactly the best part of town to buy.
My question is, "What should we do with the $300,000 until we find our dream house?" We want to be able to access it, as soon as we find the right house, we can't afford to lose too much of this, if the market takes another nosedive, and we would like to get the maximum positive return while we are looking. I know this means I want everything, but why not, I'll be retired?
If this topic has been discussed before, I apologize for the repetition and would appreciate a link to the previous postings.