Talk of The Villages Florida - View Single Post - Major Purchase: Tap IRA or finance?
View Single Post
 
Old 06-07-2014, 11:04 AM
Villager Dude's Avatar
Villager Dude Villager Dude is offline
Senior Member
Join Date: Mar 2012
Posts: 409
Thanks: 0
Thanked 2 Times in 2 Posts
Default Options

Quote:
Originally Posted by kettlecove View Post
Thanks for sharing that advice Leftyf. You helped me make a decision also!
I like keeping the IRA money working until you are required to take it after you turn 70.5 years old.

I like the Home Equity Line if you have it.

I like financing at low rates but not sure what rate you can get for a Motor Home.

I would also look into renting if you were going for a short period of time but it may not work out for trips over a year but I would ask the question what it would cost.

The real decision rests with what pockets of money you have for retirement and how much you will depend on them. If the IRA is not important for daily living then I like the monthly withdrawal program as cited by another poster.

Enjoy , Something I have always wanted to do. Met someone here in The Villages that did this very same thing for 15 years.
__________________
MS,LA,AZ,CA,FL,NC,LA,TX,IN,AL,Korea,Al,VA,NC,SC, Amelia, TV ( Nov, 2012 )..

Quest to play every golf hole in TV is 91 % complete