old woman
Full time employment: Posting here.
- Joined
- Dec 22, 2005
- Messages
- 567
My house is old and not suitable for old age and needs cleaned and painted and carpet.
I am 64 and have 658K saved and can get SS anytime.
I threatened to quit this week because I was mad at the company.
I am feeling stress and had high blood pressure before, do not want.
I need about 36K to live so with 24K SS and 8K rental income I only need about 4K from investments but want more for a cushion so plan to keep at least 400K invested.
My mortgage is about 132K house worth 230K or so.
I could quit cold now and leave the company scrambling to cover my job and hire replacement. I am the only one that can do my job so a 3 month notice or more would be nice for them. I hate working in January and Feb and get a huge bonus in December and profit sharing in January. I know if they think I will quit they will give me a bigger bonus so I will stay longer.
So I need time or money for house fix up hiring people is way easier than doing all the work.
I need to buy a new house.
I need to sell my old house.
My tenant will move with me and he plans to work 5 more years at age 65 so I should buy near his job or near my family not in the boonies on a good lake.
How do I go about selling one house and buying another.
If I buy first I can move some of our stuff so the current house is easier to clean but would mean qualifying for a mortgage or taking too much out of my taxable and ROTH savings I have 111K in taxable and 240K in ROTH but I don't want them empty.
If I sell first I have to clean and paint while living here then be homeless until I find a place to buy but could pay cash.
I could maybe find a rent to own or rent a place for a year between houses.
I could buy vacant land then build a huge garage to hold our stuff then when I sell the house put a double wide on or get a home built.
So when do I quit if I might need a new mortgage for retirement? What time of year should I quit? Maybe give notice after New Year's so I can train replacement by spring. While training replacement I will use many sick days since I always have more than 192 and I have over 600 hours vacation. My predecessor started doing lots of doctor appointments and vacation days and stayed 4 months to train me. That wouldn't be bad if I don't feel like housework go to work and watch the trainee work.
I am 64 and have 658K saved and can get SS anytime.
I threatened to quit this week because I was mad at the company.
I am feeling stress and had high blood pressure before, do not want.
I need about 36K to live so with 24K SS and 8K rental income I only need about 4K from investments but want more for a cushion so plan to keep at least 400K invested.
My mortgage is about 132K house worth 230K or so.
I could quit cold now and leave the company scrambling to cover my job and hire replacement. I am the only one that can do my job so a 3 month notice or more would be nice for them. I hate working in January and Feb and get a huge bonus in December and profit sharing in January. I know if they think I will quit they will give me a bigger bonus so I will stay longer.
So I need time or money for house fix up hiring people is way easier than doing all the work.
I need to buy a new house.
I need to sell my old house.
My tenant will move with me and he plans to work 5 more years at age 65 so I should buy near his job or near my family not in the boonies on a good lake.
How do I go about selling one house and buying another.
If I buy first I can move some of our stuff so the current house is easier to clean but would mean qualifying for a mortgage or taking too much out of my taxable and ROTH savings I have 111K in taxable and 240K in ROTH but I don't want them empty.
If I sell first I have to clean and paint while living here then be homeless until I find a place to buy but could pay cash.
I could maybe find a rent to own or rent a place for a year between houses.
I could buy vacant land then build a huge garage to hold our stuff then when I sell the house put a double wide on or get a home built.
So when do I quit if I might need a new mortgage for retirement? What time of year should I quit? Maybe give notice after New Year's so I can train replacement by spring. While training replacement I will use many sick days since I always have more than 192 and I have over 600 hours vacation. My predecessor started doing lots of doctor appointments and vacation days and stayed 4 months to train me. That wouldn't be bad if I don't feel like housework go to work and watch the trainee work.