FIREHAPPY
Dryer sheet aficionado
I'm retired and recently enjoyed a month long stay in a VRBO home rental in the Rocky Mountains. My wife and I love the mountains and would consider living in Colorado during the summer and fall seasons but are unable to move from our permanent address (Southeast US) due to family/parent care responsibilities.
We have funds available (taxable) that we don't currently utilize to pay expenses. Has anyone in retirement bit the bullet and sold out of investments, paid the capital gains hit and purchased a 2nd home? At least we'd get some enjoyment out of it instead of the funds sitting in an investment account.
What pitfalls should I consider? Any regrets out there?
We have funds available (taxable) that we don't currently utilize to pay expenses. Has anyone in retirement bit the bullet and sold out of investments, paid the capital gains hit and purchased a 2nd home? At least we'd get some enjoyment out of it instead of the funds sitting in an investment account.
What pitfalls should I consider? Any regrets out there?