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Reply to "Early retirement, vacation home or travel? Hard decision"
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[quote=Anonymous]I don't understand the dilemma - are you not selling your current home? At 55, I'd cash out on the current home. I'd roll that money into purchasing a modest, easy to maintain full-time home in a desirable/vacation area where you will want to retire. You'll still have plenty of cash to travel. I'd also rent out the retirement on AirBnB/VRBO to generate extra income and get some tax deductions. With the retirement home, you want something with one or two levels and probably max of 2500 square feet. Get a place you'll want to age in and will be easy to make adjustments as you become less mobile. [/quote]
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