Author Topic: Sold our house now what?  (Read 727 times)


  • 5 O'Clock Shadow
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  • Posts: 1
Sold our house now what?
« on: May 01, 2020, 08:04:22 PM »
I am 45 and my SO is 35 we recently sold our house we plan to travel in our RV and continue to work remotely.  I have been a remote worker for the last 10 years and we finally asked ourselves  why we were living in a very expensive city.  I am new to fire and have been reading a ton but am a little overwhelmed.  I have been banking with Schwab for the last 10+ years and really enjoy the high quality of service.  My thinking is to take the proceeds from the house and put all of it but the emergency fund into a total market fund.  90% US 10% international.  Our goal is to hit our number in 5-7 years. My current employer has a 4% match.
My questions are:

1 What do I do with the cash from the house sale. 
2. What tax advantage accounts should we be setting up and leveraging.
3. DCA or just go all in?
4. ETF or Mutual Fund?
5. I have a 401k with my previous employer. Do I roll that into my current employers 401k or into an IRA?
6. I plan to invest all extra cash about $3200 per month.  Should I max the the tax advantaged accounts before funding taxed accounts?
7.  What am I missing?

Current Income: $90,000 per year.  After taxes take home is about $5200
Old 401k: $180,000
Cash: $250,000
Monthly Expenses: $2000
Fire Number: 1 Mill




  • Walrus Stache
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  • Posts: 6913
  • Location: Sydney, Oz
Re: Sold our house now what?
« Reply #1 on: May 02, 2020, 01:06:49 AM »
You have a long enough timeframe that I suspect if you dump the whole $250,000 in the market now, you would still contribute another $200-250,000 in the next 5-7 years anyway. The market growth then gets you to $1m.

So basically as long as you believe the world will have rebounded in 5-7 years time then you should be more than ok, despite the current rumblings.


  • 5 O'Clock Shadow
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  • Posts: 49
Re: Sold our house now what?
« Reply #2 on: May 02, 2020, 05:42:02 AM »
I'm slightly envious that you get to live in an RV!  I'd love to be able to work remotely from a campground in a national park. 

Here are some things to think about:

1.  I think investing the money is of course a wise decision.  I am assuming you have no debts now.
2.  Consider maxing your contributions to your work plan, especially if your work plan has reasonable fees.  On top of that you should be able to contribute $6000 to a tIRA and $6000 for your spuose to their tIRA.  See
3.  Some believe that time in the market is more important than DCA.  My personal opinion is get the money in the market.
4.  Maybe someone more advanced than I can answer this for you.  I personally think mutual funds are simpler in that with Vanguard which I use I can buy fractional shares with a mutual fund but cannot with ETF.  Either way, I own both.
5.  It's up to you.  Are the fees decent?  Does it bother you to have your money in more than one place?
6.  Assuming you have no dependents, I would look into the tax advantaged space as well as using Roth ladders to provide yourself money when you retire.
7.  What are your plans for health insurance?  Is your spouse going to continue to work since they are a bit younger?  Are you planning on living out the rest of your days in an RV or will you need to purchase or rent a home again?