Subject: RE: TAN #178: If TANning were an Olympic sport ...pitt83 - 2012-08-07 3:28 PM Kido - 2012-08-07 6:20 PM pitt83 - 2012-08-07 3:13 PM 10% penalty on top of the taxes makes that a last resort move. And if ou're over 35, the make up time is passed. You'll (assuming a historical yield of 8% in t market) never make that back. Equity in your home? Although, from what I understand, Vegas is still in the toilet for real estate. On the plus side, you've got no kids (I think). So you can t.ake the risk more easily. It's not for me. Despite my persona, I avoid lifestyle risk like that Me too, but get jealous of people who do it and succeed. I can dream. But I am way too practical and we are NOT selling the house. Rent it for sure and get another in CA. I keep chicken s#itting out of opening a business. I know I could do it, but can't stomach the risk. Hell, I'm semi-retired at 51 practically working for myself with little pressure or oversight. But, my friend has an Ace hardware store in Virgina and is killing it. I know I could work that as whole areas around here drive 20+ miles to go to Home Depot. Yeah, the dream of opening a little bike rental or burrito spot on the beach sounds fantastic. Just pick up and move. But realistically, scary stuff. Kudos to those who are willing to take the risk. But for every business that succeeds, there are probably dozens that don't and you lose everything. I don't like those odds. |