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Coffee Shop
12 cheapest states to retire to.
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<blockquote data-quote="Ky hills" data-source="post: 1611978" data-attributes="member: 24816"><p>This is a timely topic for us. We are at the point where our current property including rental houses on the farms is sustaining, but with all things improvements and repairs are no doubt going to be needed. We are looking at the possibility of downsizing, going to wife's home state where she can be close to help with family needs. Our idea is to find a farm/ranch property there about the same acreage or more than here, but without multiple houses. Ideally we would find a property with either a smaller house or build one on it. The idea is that IF and if is a biggest word there is, that we could sell this property for what folks are asking for comparative properties around here, and reinvest in land and a home out there and then have some left over to add to our retirement. I'm concerned about the capital gains and other taxes. It is my understanding that you can reinvest, but not sure if that includes retirement funds as well.</p></blockquote><p></p>
[QUOTE="Ky hills, post: 1611978, member: 24816"] This is a timely topic for us. We are at the point where our current property including rental houses on the farms is sustaining, but with all things improvements and repairs are no doubt going to be needed. We are looking at the possibility of downsizing, going to wife’s home state where she can be close to help with family needs. Our idea is to find a farm/ranch property there about the same acreage or more than here, but without multiple houses. Ideally we would find a property with either a smaller house or build one on it. The idea is that IF and if is a biggest word there is, that we could sell this property for what folks are asking for comparative properties around here, and reinvest in land and a home out there and then have some left over to add to our retirement. I’m concerned about the capital gains and other taxes. It is my understanding that you can reinvest, but not sure if that includes retirement funds as well. [/QUOTE]
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12 cheapest states to retire to.
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