zandrajohn
Dryer sheet wannabe
- Joined
- Mar 5, 2006
- Messages
- 13
I need some advice please.
My wife and I have retired and moved from Pennsylvania to sunny San Diego County, where we are planning to buy a house (perhaps when the prices stabalize a bit).
We have sold our home in PA, and the proceeds are sufficient to purchase another home outright.
We have enough to live on with our pensions plus, 2.5 % withdrawal rate from our IRAs, and do not really need to hang on to the proceeds from our house sale in PA, but what are the thoughts on holding on to part of it for an added level of financial security anyway? Would that make economic sense? How much downpayment would you recommend?
Advice would be appreciated.
Thanks
My wife and I have retired and moved from Pennsylvania to sunny San Diego County, where we are planning to buy a house (perhaps when the prices stabalize a bit).
We have sold our home in PA, and the proceeds are sufficient to purchase another home outright.
We have enough to live on with our pensions plus, 2.5 % withdrawal rate from our IRAs, and do not really need to hang on to the proceeds from our house sale in PA, but what are the thoughts on holding on to part of it for an added level of financial security anyway? Would that make economic sense? How much downpayment would you recommend?
Advice would be appreciated.
Thanks