Rick recently wrote in and wanted to know if he should downsize his house. He has an emotional attachment to it, so it’s a tough decision. We’ll walk you through the decision-making process in tough deliberations like this.
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-151-should-i-downsize-my-house-in-retirement/
What we discuss on this episode:
0:57 – Protecting your personal information
3:54 – Downsize?
7:33 – Own or rent?
8:37 – Client was done with homeownership
10:37 – Taxes
11:50 – Coming to conclusions
14:04 – Answering questions
Episode #81: Matt's Planning Process Part 02
Episode #80: Matt's Planning Process Part 01
Episode # 79: Mailbag - Self-Directed IRAs & The Landlord Game
Episode #78: Maggie's Story
Episode #77: If Only I'd Met You Sooner!
Episode #76: How The New Tax Code Affects Me
Episode #75: Early Retirement Complications
Episode #74: Letter From The IRS
Episode #73: More Than Just Investments
Episode #72: RVs, Traveling, Remodeling, Credit Card Rewards
Episode #71: Sales Pitch Versus Planning
Episode #70: The Retirement Process Is Uncomfortable
Episode #69: Mailbag - Emergency Funds, Market Crashes, And Retirement Planning
Episode #68: Avoid Costly Mistakes In Estate Planning
Episode #67: What Financial Demographics Can Tell Us
Episode #66: What To Do With Required Minimum Distributions
Episode #65: Walter Buys A House
Episode #64: Health Insurance Options Before Medicare
Episode #63: Making Bad Financial Assumptions
Episode #62: Side Thought. Tax Reform With Rich Swavely
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