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I'd jump at it. I wish my company would do something similar! Take it and don't look back!

Congrats! Hope to follow your footsteps in a year or two!

I agree - but only if we plan on staying beyond 4-5 years. We won't save enough in interest payments to pay the closing costs over the short term.

Great point. You're correct I was conflating the two. And last night as I was considering the other responses to the thread, my mind went to Roth IRA. I need to investigate the Roth Conversion. Thanks.

It doesn't just push out the taxes I believe. It also potentially lowers the taxes we would pay in the early years, so with the time value of money that would leave more in the investment portfolio for a longer period. Also, would it not allow us a safer place to withdraw in a market downturn...

I've looked at it. Our ARM adjusts annually. Locked in for 2021 at 2.875 I would incur about $3K in closing costs to lock in at a rate very close to where I am now - maybe get 2.5% instead of 2.875. One thing we are looking at is refinancing to make some improvements - but not sure if this...

Not sure why you think they are at odds. I have $1200 a month and am deciding what to do with it. I can either put the money aside to be able to use to lower my taxable income when I retire or I can pay down my mortgage with it.

I'm 59 1/2 and plan on retiring at 62 or earlier. Nearly all of my investment savings is is in my 401k and pension, so I will owe taxes on withdrawals. I recently became concerned that I don't have enough in a taxable account that I can draw from for spending to lower my income in retirement...

The plan was/is to pay a management company to do the repairs, answer calls from renters etc. Also, the goal was not for income, but for capital appreciation - so breakeven from a cash flow standpoint is fine. Get into the market, leverage my current home to get a foothold at the beach. When...

Thanks - from my initial (albeit back of a napkin) calculation, it would be a neutral cash-flow endeavor. If I took money out of my primary residence to finance the down payment, I would trade the 2% interest for the possible capital gain on the beach house which seems like a good deal. If I...

What was it I said that makes you change your opinion?

One other option may be to refi our primary residence (which I was planning on doing anyway) and pulling some equity our of there. Thoughts?

I am 59 1/2 and within a year or two of retiring. Looking at having a place at the beach that we can rent and go to when we want (6-hour drive) and to build equity in a beach property that we may eventually sell (as well as our primary residence) and move there permanently. Question is, do we...

I'm sure it would be a pain, but here is what I would do: 1. Take the lump sum 2. Buy a place at the beach with a couple of guest cottages, because I'm sure as hell going to entertain. 3. Set up my family and friends so that they can retire early - by paying off their mortgages and college...

Thanks for the reply. I understand the impact of initial years on the portfolio. I'm a bit of a data nerd, and wanted to see the underlying data to see how the various years played out. Using your example, how did 01 compare to 99, 00, 02, 03, 04? However, the data in the spreadsheet does...

I agree with you. My point is that the stated results are different than the spreadsheet shows. My results starting with $2.7M range from $427K to $16.4M. Which is 15% to 607% of my starting value and closer to your range. HOWEVER, the spreadsheet does not match those final values. The...

I get that. Since the variation is so wide, what I am trying to see is which retirement starting years resulted in very low end values, and which retirement years resulted in very high end values and why.

No. Starting balance was $2.7M

I must be doing something wrong. The results summary is the same, but the data in the spreadsheet shows different ending values. On the low side, instead of being $427K it is $2.074M and on the high side it is $35.722M.

When I put my numbers in FIRECalc, I get a score of 100. The variation in outcomes is enormous. $427K to $16.4M. I would like to see the various time periods and their outcomes to see which dates result in which outcomes. Is there any way to get a printout of the dates and the outcomes?

How do you pay their fees, and when do you pay them?

Nobody's Fault But Mine.

Not sure what you mean about this. If you retire and pull pre-tax money out, you can't pay the taxes with what you withdraw?

Actually, adjusting down expenses from $120K to $100K, removing the house expense in 14 years, and adding in my Social Security (not sure of DW's), the score jumped to 99.2% with one failure. I was not aware of the extra tabs that took input.

The $1500 is Principal, interest, taxes and insurance. We have a variable rate mortgage that keeps going down. It never made sense to refi, but it may now. We need to decide if this is our forever home, or if we would rather get closer to the shore. If we are going to stay, refi makes sense...