Housing in Retirement – The 4 Most Common Options

When you think about a family’s assets in retirement, few are more important than the home. Not only is it typically the most expensive thing a person owns, but it also carries a lot of emotional attachment with it.

Once you reach retirement, you’re likely going to have a few things to consider with your home, and people often go in one of four different directions: stay in their home, move to a new home, become a renter, or buy a second home. Today we’ll talk through each option and what financial pros and cons you’ll need to consider before choosing where you plan to live.

 

Here are some of the things you’ll learn in this episode:

• Is staying in your current home going to work for you long-term? (2:48)
• What goes into the decision to move? (6:22)
• What we need to think about before buying a second home. (10:05)
• Does it make more sense to sell your home and free up cash by renting? (12:56)

 

Connect with us: 

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446