Recent content by CountingDown

Latexman, this is more in line with what we were thinking but do not know of anyone who has done this... until now! Initially I would rather not use all of our cash reserves in addition to cashing out too much in taxable accounts for a larger down payment (and causing a larger tax bill). While...

ERD, We do have an E*TRADE account so I’ll check into this as well. Lots of options so just trying to narrow them down. Thanks!

W2R, I have been in your camp for many years and never planned to take on a mortgage after retirement. If we take take HY savings, CDs and a balance of other investments we will also return the proceeds from the sale of our house to our portfolios. Believe we are in a position to do this but...

Finn, we’re flexible on timing so these are possibilities. Thanks!

Freedom, thanks for the vote of confidence. Our initial thought was to use a good chunk of HYS and CDs for the initial down payment (maybe $400K) and then apply the approx $400K from our house sale to recast. I will sell a couple of stocks at a loss this year to offset capital gains and enough...

Old Shooter, we have a HELOC on the current home (no mortgage). A cash-out mortgage would only apply if we had a current mortgage correct?

Bloom, I agree this sounds like a stretch to me too although the numbers seem to work. My goal was to not have a mortgage in retirement but we're not spending our assets on anything else at this point.

Hi Finn, thanks for your thoughts. I don't think we have 2 moves in us to sell and rent and then move again. We did consider a bridge loan but I'm thinking of putting down less from liquid accounts (HYS & CDs maturing) and then recasting the mortgage after we sell our current house as we'd...

Well...after consuming 8 years of posts from you very generous and knowledgeable members I pulled the plug last February and retired at 60. Not really early but very happy with my decision. Many thanks to you!!! I now have a question about withdrawing funds in the most tax-efficient manner to...