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Pulling from retirement early and the double whammy on the tax year is a problem. Even if your lake house escalated in value exceeding your retirement, you still need liquid money to live on. That means you might actually have to sell the lake house to fund your retirement.
I have a primary residence and a lake house. There are expenses that are above and beyond a normal residence. Boats, Lifts, PWC’s, Water accessories, dock expense, etc…. Property taxes and insurance on a million dollar property are noteworthy.
The one thing that is hard to describe is by having a primary residence and a lake house, the lake house always feels special. Like you are on vacation. You can forget about work and all of the daily routine/lists. When it is your primary residence, I am not sure if that feels different.
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