What is the best thing to do with profits from the sale of my vacation home?I want to be able to access it.?

Question

I will have approx. $200,000 profit. I am very near retirement.

Answer 1

Don't forget to keep some of the cash aside for capital gains tax.

Answer 2

The best thing depends on what you want to accomplish.  

Are you saving this money for retirement?

For use as income in 5-10 years?

To invest in other real estate?



If you could give some more information such as purpose, amount , and time frame, it would be very helpful.