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So is it better to rent or own?
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Sell the vacation house or move into it.
Not going to make yourself an overnight millionaire through investment, as long as you have your 401k in a diversified portfolio of stocks and bonds. Need to find the number you need to retire with the lifestyle you want, then figure out how to save up to get that number.
It depends on your expenses. How much do you anticipate needing in an early retirement? Do you have any side hustles that can pay the bills?
Well, rent/ mortgage is usually the biggest expense and if you’re living in a paid off home you’re good to go. My point was more about other expenses (vehicles, travel, groceries, utilities, etc.). Depending on your lifestyle those could be a significant amount too. And you want to make sure you aren’t eating into your savings or you’ll run out (obviously). I suggest reading up on drawdown or withdrawal strategies. The closer you get to retirement the more you want in low or non-volatile assets
I was thinking of eventually living in
Can you turn the vacation house into an occasional rental and generate an income stream from it?