Throwaway for reasons. I'm likely to be moving overseas in the next few months where housing costs will be covered. We currently own a co-op in an urban area, about 50% paid off, and believe selling is the move partially because of co-op rules on renting (which we think we could get around since the board likes us) but mostly because we know the co-op is slightly underfunded and the monthly fee needs to go up. We're also unlikely to be able to rent it out for more than mortgage+co-op fee.
We've been pretty responsible and have a fair amount tucked away in retirement accounts. We maintain a couple of months worth of expenses in checkings and about 3x that in savings with about the same amount in some mutual funds and index funds.
It seems like our options following the sale are:
- Max out a Roth IRA, tuck the rest into lowish risk funds
- Buy a rental property
For something like this, how do I go about finding a financial advisor to talk to? Any ideas from the hive mind?
Extra info: we're in our late 30s with 2 kids and plan on coming back to the US in maybe 5 years or so. The housing market in our area remains strong, though the rental market's been hit pretty hard by COVID.
Thanks in advance.
Submitted October 18, 2020 at 08:16PM by Ok_Establishment_164 https://ift.tt/3j9Ykk9
