What to do?
For each is different. Pursue your passion, or discover a new one.
We love to design and build homes. And.... $500k tax free gains every 24 months can fund a lot of extra things during retirement. (Or you can give it away, that's fun too)
Nothing boring about designing and building homes, especially with the limited craftsmen available and able to do all your custom elements. (Thus you end up doing them yourself, or babysitting/ training someone to do it. (Correctly))
Besides, sometimes it's fun to rent a bulldozer or excavator (digger) for a week, and see how much damage you can do!
Find a very (cheap) difficult hillside property and get creative.
We often collect building supplies from Habitat Restore or mis-ordered windows, cabinets, fixtures.... Then design a home and layout to fit our available and inexpensive (and usually new) materials. It's great fun.
My mom did (8) very extensive executive view flip / remodel homes AFTER she retired.
She got to live in some very interesting and beautiful locations in several states.
And... They funded a lot of vacations / time to rest. (Usually 30-90 day cruises to very unique locations)
So many opportunities, so little time (remaining).
Use it wisely.
On another note.
Good friends and coworkers retired at age 50, then pursued 20+ yrs of skiing all over the world. Snow by winter, water skiing by summer. They lived very full and fast, while able. It was good for them.
For each is different. Pursue your passion, or discover a new one.
We love to design and build homes. And.... $500k tax free gains every 24 months can fund a lot of extra things during retirement. (Or you can give it away, that's fun too)
Nothing boring about designing and building homes, especially with the limited craftsmen available and able to do all your custom elements. (Thus you end up doing them yourself, or babysitting/ training someone to do it. (Correctly))
Besides, sometimes it's fun to rent a bulldozer or excavator (digger) for a week, and see how much damage you can do!
Find a very (cheap) difficult hillside property and get creative.
We often collect building supplies from Habitat Restore or mis-ordered windows, cabinets, fixtures.... Then design a home and layout to fit our available and inexpensive (and usually new) materials. It's great fun.
My mom did (8) very extensive executive view flip / remodel homes AFTER she retired.
She got to live in some very interesting and beautiful locations in several states.
And... They funded a lot of vacations / time to rest. (Usually 30-90 day cruises to very unique locations)
So many opportunities, so little time (remaining).
Use it wisely.
On another note.
Good friends and coworkers retired at age 50, then pursued 20+ yrs of skiing all over the world. Snow by winter, water skiing by summer. They lived very full and fast, while able. It was good for them.
Statistics: Posted by Wash.Invest — Sun Jan 07, 2024 3:49 am — Replies 62 — Views 9460
