kyounge1956
Thinks s/he gets paid by the post
- Joined
- Sep 11, 2008
- Messages
- 2,171
If you moved, or plan to move after you retire, how long did it take, or how long do you expect it to take, to find a new place to live? Did you start looking before you actually retired?
My target date is a little under two years from now and I suspect it may take me that long to find a suitable property. If I did find the perfect place before I retire I'd either have to borrow against my retirement plan at work or take out a HELOC to pay for it. But if I wait until after I retire and sell my current house, so I can pay cash for the new property, I'll need somewhere to live while I'm looking, and my post-retirement budget doesn't include any money for rent, it assumes my home will be paid off.
My target date is a little under two years from now and I suspect it may take me that long to find a suitable property. If I did find the perfect place before I retire I'd either have to borrow against my retirement plan at work or take out a HELOC to pay for it. But if I wait until after I retire and sell my current house, so I can pay cash for the new property, I'll need somewhere to live while I'm looking, and my post-retirement budget doesn't include any money for rent, it assumes my home will be paid off.