Outtahere
Thinks s/he gets paid by the post
- Joined
- Sep 15, 2005
- Messages
- 1,677
So .. Recently I started dipping my toes in the investing area, started with the advisor that runs the company 401k whom I've known for 8 years now and has guided me successfully in that account.
I have an investment I bought about 5 years ago that I was just made an offer on. I could clear over a million on this investment after taxes. WTH do I do now? I've been reading here for a few months so I know that I could live off that amount along with DH's SSI very comfortably so I'll probably RE once I get over the shock. Any suggestions on what to do with that kind of windfall? I trust this advisor but I don't want to give him the whole thing, I'd prefer some thing with lower fees.
DH is 63 and I'm 51 - no kids at home.
No mortgage or any other debt except everyday living expenses and taxes. Health ins would be a factor but only for me after he turns 65. We have about $250,000 between saving, CDs and our combined 401ks. I know ER is totally doable I'm just petrified I'm going to make some kind of investment mistake and have to go back to work.
I have an investment I bought about 5 years ago that I was just made an offer on. I could clear over a million on this investment after taxes. WTH do I do now? I've been reading here for a few months so I know that I could live off that amount along with DH's SSI very comfortably so I'll probably RE once I get over the shock. Any suggestions on what to do with that kind of windfall? I trust this advisor but I don't want to give him the whole thing, I'd prefer some thing with lower fees.
DH is 63 and I'm 51 - no kids at home.
No mortgage or any other debt except everyday living expenses and taxes. Health ins would be a factor but only for me after he turns 65. We have about $250,000 between saving, CDs and our combined 401ks. I know ER is totally doable I'm just petrified I'm going to make some kind of investment mistake and have to go back to work.