dirtydeeds
New member
My wife and I are in our early 50s. House is worth ~3 million (400k mortgage). Have about 750k in RSPs (mostly in US and Cdn index funds and ETFs).
I'm pretty much burnt out from work and anxiously looking forward to retirement. Worried our net worth is too heavily invested in real estate.
We've been talking about down sizing to a 3 bed condo (~1.8mill) when our daughter finishes high school (3 years). But I'm starting to tell the wife we should just sell house, rent and retire now. Am I crazy?
We live in Vancouver and don't want to move to suburbs. Rent in our area is high (~5 to 6k a month for a 3 bed).
Would probably be easier to just wait if work wasn't just endless stress. But the idea of 3.5 mill in liquid assets seems so tempting. What would you do?
I'm pretty much burnt out from work and anxiously looking forward to retirement. Worried our net worth is too heavily invested in real estate.
We've been talking about down sizing to a 3 bed condo (~1.8mill) when our daughter finishes high school (3 years). But I'm starting to tell the wife we should just sell house, rent and retire now. Am I crazy?
We live in Vancouver and don't want to move to suburbs. Rent in our area is high (~5 to 6k a month for a 3 bed).
Would probably be easier to just wait if work wasn't just endless stress. But the idea of 3.5 mill in liquid assets seems so tempting. What would you do?