Quote:
Originally Posted by gongoozler
I retired at 56 and never looked back . . . the secret is to have friends and keeping busy. In TV there are so many things to do sometimes I have to schedule my week completely in advance but what you do depends on your health. I've thought about helping out with the AARP tax program but playing pickleball, tennis and golf each day and then shooting pool,working out at the gym or going biking leaves me with little to no time. My son said just keep doing what your doing dad until you're too old to do it then work part-time. Financial affairs are a personal matter depending on what it cost you to live but I just bought a courtyard villa cash as an investment (banks are paying nothing and the market is rocky) and just renting it 4 months a year buts me ahead.
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You know gongoozler, we just moved into our CYV after renting it out for 4 plus years. I may really really really miss the tax deduction, but my taxes seem to be in flux anyway for the next few years, so time will tell.
However, you have a point. Those of you who maybe are thinking of being snowbirds might want to consider buying a CYV or patio villa and renting it out Jan-March for the really big bucks (when the weather is iffy anyway, and using it yourselves fall and spring. I met someone golfing (from England) one time who did just that. Spent 3 months here in the fall and another 3 months in the spring. You could spend an extra day and become Florida residents for tax purposes.
Maybe you have friends or relatives you can visit for a couple of weeks here and there during those really cold months up north - Jan, Feb. and March, and using it during the mostly dependable months of November, December, April and May. Especially if you're from way up north, where October and April and May are still usually nasty. Or maybe you can take a cruise in Jan. and then visit friends.
Winter up north is not so bad if you can get away from it for a little while, and have April to look forward to in TV.
And - I couldn't figure out how to quote 2 posts, but George T, I don't know what MRD means either.