You should determine how important FIRE is to you. Today, is it more important than quality of life/location? If so, determine what’s your number to reach FIRE. Determine how soon you could reach that number at your current location versus your new location. As an example, are you willing to delay FIRE by 5 or 8 or 10 years to move to your new location? Another thing you should consider is the amount of money you would need to take out of your taxable account and the taxes associated with the withdrawal to make a down payment on a new home in CA. Also, based on your current spending and your new income, how long would it take for you to replenish your taxable account? Despite all I’ve listed above, I would likely make the move and figure out a way to decrease my expenses so I could meet my financial goals. Opportunities like this don’t present themselves often. Overall, I like the idea of taking big swings in life. If you don’t like it, move back. At least you gave it a shot.
Statistics: Posted by gator15 — Sat Oct 19, 2024 12:23 am — Replies 69 — Views 4615