Equipping Points:
One of the key discussions you may have in retirement is what to do about the house. Should you downsize your home? Pay it off early? Buy a vacation home and become a snow bird? Eric emphasizes the importance of considering not just the financial implications but also the lifestyle changes each of these decisions entail. Weighing out the pros and cons of each decision can highlight what is right for you (which isn’t always the same as what your neighbor is doing).
Here’s some of what we discuss in this episode:
- Whether or not to downsize.
- Considering the interest rates.
- Wondering about paying off the house.
- Springing for a vacation home.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
Related Episodes:
Navigating Spousal Disagreements in Retirement Planning
Financial Decisions Shaped by Key Memories
Common Complaints About Financial Planning
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