Profile: Single, 41, no dependents
Gross: $90,000 + 10-15% bonus
401K: $19,500
AGI: $70,500
Exp. /yr: $20,000
Assets:
Trad. IRA $319,000
Roth IRA $20,000
401k $19,000
Cash: $175,000
Total: $533K
No Debt
My first-world problem is what to do next? I cashed out Vanguard mutual funds (139K) last March before the market correction with the intention of buying a home. What I didn’t expect was the housing market to get more competitive.
I’ve already paid the capital gains tax and am now sitting on this pile of digital cash. I left LA in April 2020 and have been living in Airbnb’s for 1-3 months at a time and enjoying the flexibility, but at this point see the value in finding a home base and setting down roots.
My company is fully remote but only incorporated in CA and UT and they’re expanding to other states next year. I’m currently staying in Salt Lake City, UT and it’s growing on me.
I liked Colorado and Flagstaff too but could see myself continuing this #nomadlife for a while longer, exploring some other cities like Austin, Boise or even Montana. Or does it make sense to do something else? What would you do?