Gravel
Mr. Poopybutthole
No, no kids, and we have enough assets that life insurance doesn't make sense.
We've got probably $100-120k in equity in our house. My thought is that we liquidate some of our investments, build the house, and then use the proceeds of our current house's sale to put money back into investments. We'd have a house with no mortgage, which means we're also saving about $12k a year of expenses (current house payment is about $1300/month, but that's with tax and insurance). Using the 4% rule, that's equivalent of about $300k (12k * 25) in investments.
I can't imagine we'd spend $400k (or really, $370k when you account for the early withdrawal penalty on $300k) on building a house, so overall we'd likely even come out ahead.
We've got probably $100-120k in equity in our house. My thought is that we liquidate some of our investments, build the house, and then use the proceeds of our current house's sale to put money back into investments. We'd have a house with no mortgage, which means we're also saving about $12k a year of expenses (current house payment is about $1300/month, but that's with tax and insurance). Using the 4% rule, that's equivalent of about $300k (12k * 25) in investments.
I can't imagine we'd spend $400k (or really, $370k when you account for the early withdrawal penalty on $300k) on building a house, so overall we'd likely even come out ahead.