Kevin
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I need about $750,000 for the purchase for the construction of the home. So part of that would be funded by the $200,000 in cash, still leaving us with a fully funded emergency fund. And then the balance we would pull out of them, most of it as we could out of the Roth, and then the balance would have to come out of the pre-tax accounts.
We own our current home. We have no debt. We want to tear the house down to the property that we're on because it's the values in the land, not in the dwelling, and sort of build our dream home.
We own our current home. We have no debt. We want to tear the house down to the property that we're on because it's the values in the land, not in the dwelling, and sort of build our dream home.
We own our current home. We have no debt. We want to tear the house down to the property that we're on because it's the values in the land, not in the dwelling, and sort of build our dream home.
That's correct. Yeah, so we're going to just tear down what we currently reside in, move out, and then build a home here.
That's correct. Yeah, so we're going to just tear down what we currently reside in, move out, and then build a home here.
That's correct. Yeah, so we're going to just tear down what we currently reside in, move out, and then build a home here.
Yeah, it'll be $750,000 is what the contract price will be, and we'll figure probably 10% for contingency money. So, you know, somewhere $825,000 to $850,000 we're thinking. Okay.
Yeah, it'll be $750,000 is what the contract price will be, and we'll figure probably 10% for contingency money. So, you know, somewhere $825,000 to $850,000 we're thinking. Okay.
Yeah, it'll be $750,000 is what the contract price will be, and we'll figure probably 10% for contingency money. So, you know, somewhere $825,000 to $850,000 we're thinking. Okay.
Yeah, we feel pretty good about that. We figure we'll have somewhere between 850 to 900K left in retirement investments. And then, you know, given the rate of return, you know, banking at 10%, hopefully for averaging the We feel like we'd be very comfortable.
Yeah, we feel pretty good about that. We figure we'll have somewhere between 850 to 900K left in retirement investments. And then, you know, given the rate of return, you know, banking at 10%, hopefully for averaging the We feel like we'd be very comfortable.
Yeah, we feel pretty good about that. We figure we'll have somewhere between 850 to 900K left in retirement investments. And then, you know, given the rate of return, you know, banking at 10%, hopefully for averaging the We feel like we'd be very comfortable.
We hadn't anticipated pulling any kind of money towards, pulling Social Security money until we get full retirement age or even 70 if it permits. We don't feel pretty comfortable. Actually, we don't have any debt.
We hadn't anticipated pulling any kind of money towards, pulling Social Security money until we get full retirement age or even 70 if it permits. We don't feel pretty comfortable. Actually, we don't have any debt.
We hadn't anticipated pulling any kind of money towards, pulling Social Security money until we get full retirement age or even 70 if it permits. We don't feel pretty comfortable. Actually, we don't have any debt.
It makes me nervous tapping into retirement funds.
It makes me nervous tapping into retirement funds.
It makes me nervous tapping into retirement funds.
Thank you for taking my call.