OT: Retire in CA?

[ice9]

[quote=flu]
Pardon if I don’t understand your numbers, and frankly you don’t need to share. But I don’t understand how you could be in the lowest two income brackets and considering to retire in california at 39 with a family. Also , I don’t follow you you say you have $100k in equity and you plan on downsizing to a house in CA. So either your numbers are off, or your net worth is more than you are indicating (which again is none of anyone’s business here)…
[/quote]

The lowest two federal tax brackets for married (filing jointly) are for income under $67,900. I think the standard deduction for married filing jointing is around 10K. I wouldn’t expect my income to be higher than ~80K if I were retired or semi-retired.

Regarding the house, my point is that I could sell my home today and have 100K from the sale. I could then buy a house in CA with 20% down using less than 100K (if the house is less than 500K of course). The cheaper the house, the more left over.

[NotCranky]

You can do partial employment for one or both and maybe no work for one of you, but there are some vulnerabilities as others have pointed out.
It can cost a lot to work and have kids, so you have removal of some of that expense on your side.

I saw your thread about retiring in Temecula from a few years ago, so the bug has not gone away. People do it. You must have done some “soul searching” to even put it on the table.

I think it will work best if your are going to live happily ever after with your spouse.Maybe you will feel really vindicated for getting out of the rat race in the end. At this level of net worth, if you ever had to split the assets and run two households maybe not so much laughing, maybe it works out fine either way.

[NotCranky]

You can do partial employment for one or both and maybe no work for one of you, but there are some vulnerabilities as others have pointed out.
It can cost a lot to work and have kids, so you have removal of some of that expense on your side.

I saw your thread about retiring in Temecula from a few years ago, so the bug has not gone away. People do it. You must have done some “soul searching” to even put it on the table.

I think it will work best if your are going to live happily ever after with your spouse.Maybe you will feel really vindicated for getting out of the rat race in the end. At this level of net worth, if you ever had to split the assets and run two households maybe not so much laughing, maybe it works out fine either way.

[NotCranky]

You can do partial employment for one or both and maybe no work for one of you, but there are some vulnerabilities as others have pointed out.
It can cost a lot to work and have kids, so you have removal of some of that expense on your side.

I saw your thread about retiring in Temecula from a few years ago, so the bug has not gone away. People do it. You must have done some “soul searching” to even put it on the table.

I think it will work best if your are going to live happily ever after with your spouse.Maybe you will feel really vindicated for getting out of the rat race in the end. At this level of net worth, if you ever had to split the assets and run two households maybe not so much laughing, maybe it works out fine either way.

[NotCranky]

You can do partial employment for one or both and maybe no work for one of you, but there are some vulnerabilities as others have pointed out.
It can cost a lot to work and have kids, so you have removal of some of that expense on your side.

I saw your thread about retiring in Temecula from a few years ago, so the bug has not gone away. People do it. You must have done some “soul searching” to even put it on the table.

I think it will work best if your are going to live happily ever after with your spouse.Maybe you will feel really vindicated for getting out of the rat race in the end. At this level of net worth, if you ever had to split the assets and run two households maybe not so much laughing, maybe it works out fine either way.

[NotCranky]

You can do partial employment for one or both and maybe no work for one of you, but there are some vulnerabilities as others have pointed out.
It can cost a lot to work and have kids, so you have removal of some of that expense on your side.

I saw your thread about retiring in Temecula from a few years ago, so the bug has not gone away. People do it. You must have done some “soul searching” to even put it on the table.

I think it will work best if your are going to live happily ever after with your spouse.Maybe you will feel really vindicated for getting out of the rat race in the end. At this level of net worth, if you ever had to split the assets and run two households maybe not so much laughing, maybe it works out fine either way.

[NotCranky]

….Anyway, it all makes sense, I have never met a Vonnegut fan who did not want to retire early.

Potential asset confiscation via taxes or other means concerns me…California is a pretty litigious state…Someone could take it all.

[NotCranky]

….Anyway, it all makes sense, I have never met a Vonnegut fan who did not want to retire early.

Potential asset confiscation via taxes or other means concerns me…California is a pretty litigious state…Someone could take it all.

[NotCranky]

….Anyway, it all makes sense, I have never met a Vonnegut fan who did not want to retire early.

Potential asset confiscation via taxes or other means concerns me…California is a pretty litigious state…Someone could take it all.

[NotCranky]

….Anyway, it all makes sense, I have never met a Vonnegut fan who did not want to retire early.

Potential asset confiscation via taxes or other means concerns me…California is a pretty litigious state…Someone could take it all.

[NotCranky]

….Anyway, it all makes sense, I have never met a Vonnegut fan who did not want to retire early.

Potential asset confiscation via taxes or other means concerns me…California is a pretty litigious state…Someone could take it all.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[David J]

I think you could pull it off if you get an inexpensive house.

You would probably need health insurance for the child as they tend to have expensive accidents. Perhaps you could qualify for S-CHIP.

I’ve considered doing the same as you; though, I’m still a few years away from being able to seriously consider it.

I think Temecula would be a good place to go. If I can’t pull it off where I’m at now (San Diego) Temecula is where I would most likely go.

[Author]

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