Beryl
Recycles dryer sheets
- Joined
- Jun 20, 2007
- Messages
- 413
I value the opinions of ER folks over Suze.
I want/need to enclose my 10x18 patio. It need to see more of the outdoors from my patio but loathe the southern exposure heat and bugs. So, I'm pricing enclosures and expect to pay less than $50K. (Initial bids are coming in at $25K). I plan to stay in this house for at least 10 years to be near my Mom who is in relatively good health. I don't travel much since the bed bug outbreak in hotels a couple of years ago. Therefore, I want my home to be very comfortable.
Age: 57, single, furkids only
Retirement Income: ~$42K annual No-COLA Pension ($18K SS will start in under 5 years)
Expenses: $35K essential but actually $50K annual based on 1.5 years of retirement and no real cutbacks on my former living style (new iPad, computer, iPhone and home generator).
Debts: None
Assets:
$160K cash
$80K stock (Apple, Google, IBM, Amazon - mostly IBM)
$500K IRA
$300K home (I put over $50K of improvements since I bought it for $317K five years ago but I'm estimating on the low side)
Car is 2010 so won't need to be replaced.
How will I pay for it? I'm thinking about selling the IBM stock. Unless the next POTUS eliminates ALL capital gain taxes, I could take advantage of the current low tax rate.
ER, Can I afford it?
The attached picture give you an idea of what I'm planning but we are still working on the real design.
I want/need to enclose my 10x18 patio. It need to see more of the outdoors from my patio but loathe the southern exposure heat and bugs. So, I'm pricing enclosures and expect to pay less than $50K. (Initial bids are coming in at $25K). I plan to stay in this house for at least 10 years to be near my Mom who is in relatively good health. I don't travel much since the bed bug outbreak in hotels a couple of years ago. Therefore, I want my home to be very comfortable.
Age: 57, single, furkids only
Retirement Income: ~$42K annual No-COLA Pension ($18K SS will start in under 5 years)
Expenses: $35K essential but actually $50K annual based on 1.5 years of retirement and no real cutbacks on my former living style (new iPad, computer, iPhone and home generator).
Debts: None
Assets:
$160K cash
$80K stock (Apple, Google, IBM, Amazon - mostly IBM)
$500K IRA
$300K home (I put over $50K of improvements since I bought it for $317K five years ago but I'm estimating on the low side)
Car is 2010 so won't need to be replaced.
How will I pay for it? I'm thinking about selling the IBM stock. Unless the next POTUS eliminates ALL capital gain taxes, I could take advantage of the current low tax rate.
ER, Can I afford it?
The attached picture give you an idea of what I'm planning but we are still working on the real design.
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