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Old 02-24-2014, 06:49 PM
MS Fowler's Avatar
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Join Date: Jan 2003
Location: Littlestown PA ( 6 miles south of Gettysburg)
Posts: 2,277
Financial Question #2

Same commet as for question #1--with the added incentive that none of you guys stand to benefit by any advice, or sales opportunity you create.

At some point, my wife and I stand to come into a decent ( for us) inheritance. I would estimate the cash at about $150K, and a mortgage-free town house with a value of about $225K.
We would entertain the idea of moving to another ( more tax-friendly) state. Does it make more sense to sell both houses, and move, and use whatever cash is needed to buy a new house, or to pay off the current mortgage on out house, and then sell it, and move.

Is one of these a better strategy than the other?
The idea is to get into a new house free of debt, and have some cash to put with existing investments, and SS.
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