It's been a couple of weeks since I first signed on, Couple of years since my first sign on but forgot the UN. FireCalc has been very helpful in giving me a higher degree of confidence of making it to, the end. Have I stirred the pots enough? I think I donated $25 to FireCalc. If the mods are nice to me, I will donate positively $25. Soon, but just not now.
Age 64 and wife is 67. We were forced into retirement. Me because of a change in technology (hardware electronics) ten years ago. I had no desire to learn a new skill set and commute 4 hours/day. Also my mother living alone and got to a point where we need to have someone with her (currently 97 and meets ADA requirements for last 8 years. Wife was RIF'd, 4 years ago in a company that is a primary supplier to Boeing 787. She has her mother at 95, who is staying at our home. (houses are 3 miles apart).
Scene: Inheriting the family coastal house (CH), Oregon, when Mom passes. Will get the step-up. Will stipulates my sister and I will receive the CH. House is dated to last remodel in early 70's. Good repair but I have deferred maintenance on the decks. No debts. No mortgages. Nothing in arrears. House has a walkability score of 10. Out of the Tsunami zone, Out of the fog zone. View of town and ocean and coastal range, very rare. Biggest house, biggest lot. Private road.
The Problem: Sister, although she has more money and assets, does not want to buy me out. House is 40% below peak of 2007, if it can be sold on open market. I expect the pricing will rise in 2 years but that is a big IF. So, how do I buy her out? Money is tight with us and annuities will not optimally be mature for 5 more years, where we will double out income.
Age 64 and wife is 67. We were forced into retirement. Me because of a change in technology (hardware electronics) ten years ago. I had no desire to learn a new skill set and commute 4 hours/day. Also my mother living alone and got to a point where we need to have someone with her (currently 97 and meets ADA requirements for last 8 years. Wife was RIF'd, 4 years ago in a company that is a primary supplier to Boeing 787. She has her mother at 95, who is staying at our home. (houses are 3 miles apart).
Scene: Inheriting the family coastal house (CH), Oregon, when Mom passes. Will get the step-up. Will stipulates my sister and I will receive the CH. House is dated to last remodel in early 70's. Good repair but I have deferred maintenance on the decks. No debts. No mortgages. Nothing in arrears. House has a walkability score of 10. Out of the Tsunami zone, Out of the fog zone. View of town and ocean and coastal range, very rare. Biggest house, biggest lot. Private road.
The Problem: Sister, although she has more money and assets, does not want to buy me out. House is 40% below peak of 2007, if it can be sold on open market. I expect the pricing will rise in 2 years but that is a big IF. So, how do I buy her out? Money is tight with us and annuities will not optimally be mature for 5 more years, where we will double out income.
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