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And up next we have Les in Greenville, South Carolina.

Hi, Les.

Welcome to the show.

Hi, what a pleasure to speak with you. Oh, well,

thanks for calling in, Les. How can we help today? My question is, is there any rule of thumb or

percentage of how much of our assets we could have tied up in our home versus cash? Our current situation is, I'm 72. My wife is 69, and we still have

income from our business of 300,000 a year, but that will slowly curtail as we enter more of a semi-retirement mode.

But we're currently 2.5 million net worth, 2 million cash, half million in the home.

We were looking at a potential purchase or upgrading or wouldn't this be nice in a home.

We're a little bit spoiled.

We've had two occasions where we've lived on the water on a lake.

Mm-hmm.

In our town, we have a small, they call it a mountain, but it's a small mountain.

That is overlooking, yeah, but it has a limited number of home sites. It's quite old.

A lot of the homes are quite old up there of about 120.

Overlooking the city with mountain ranges in the west.

So you're wanting to upgrade? Upgrade from the 500,000 to a second home?

Second or upgrade? No, no. It would be primary home. Okay. What's it going to cost to get that house on the big hill?

Well, if it doesn't stay within $1 million or $1.1, then the deals off the table. But then that would be a shift of we'd have a million in the house and one

and a half million in cash. How long will you continue to draw the 300,000 and how quickly

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