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To: Alan Smithee who wrote (314)	10/4/2018 1:02:30 AM
From: Neeka	Respond to of 678

I think that is an excellent idea. As you know we downsized 3 yrs ago and have no regrets. We also have a rental unit that produces extra income on top of our IRAs, investment income and SS. You don't need all that room, and imo you'd do well in a smaller space. You'd love the extra income and you would be comfortable staying in a familiar place. I'd add a small addition to the garage for heated storage if I were you. You have accumulated a lot over the years and won't want to part with some of it. We have very adequate storage here on the property and can access our belongings easily. I think that is important................but that's just me.

To: Alan Smithee who wrote (314)	10/4/2018 9:39:55 AM
From: robert b furman	4 Recommendations Recommended By 3bar Bob Ken Adams toccodolce Read Replies (1) \| Respond to of 678

Hi Al, First off would code allow it? If you lived in a small space - it would turn your home into a rental property. A later sale may preclude you from having your one time $500,000 gain tax free if over 55 years of age. Not sure on that as I've never done it. I would think an outright sale and relocate to a retirement friendly state would be the better solution. I've found that rolling your 401 K into a self directed IRA has been pleasantly productive. I've done it now for over 3 years (Note to file it has been a bull market all the way). It has been hard to buy dividend aristocrat stocks or dividend challengers stock and receive 6 % a 6 % yield. During the 3 years, I have just now created a revenue stream that equals what both of our incomes were while we both worked. I'm thinking a bear market in equities will be difficult to stomach - but then every quarter I'll be able to buy more shares and give myself a future pay raise. Of course there will be some stocks that cut or freeze their dividend, but there will also be some that increase their dividend. We do have some cash savings that can sustain us in a down market or allow some better yielding investments. I've found it hard to get comfortable during these three years, but I'm beginning to feel more at ease regarding the allocation to my own IRA. I'm very sure it is better than turning your money over to an annuity firm. The basic approach is using the cash in you IRA to collateralize the sale of puts on stocks like T, XOM, KMI, HCP. That determines your yield if assigned or it leaves you with the premium from selling the put. I go out far in time and try to get 6%. Its uncanny how hard it is to actually get the stock assigned. I shoot for 10% premium on my cash in the account and if it is a stock I've owned a long time and am very comfortable I'll drop the strike price to very low and get a yield of 3-4 % on the equity of the stocks I hold in the account. There is a reason Wall Streeters live a good lifestyle - if you do the work and manage it yourself it is very doable. That being said I enjoy watching the market - my wife says maybe too much.<smile> Bob

To: Alan Smithee who wrote (314)	10/4/2018 2:05:56 PM
From: Pogeu Mahone	Respond to of 678

Nightmare when you want to sell your business as it is not your house. edit Bob is correct