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 #61: Things You Can't Control
Episode #60: Legal Documents You Need In Your Retirement Plan
Episode #59: Getting Started: A Financial Plan's First Steps
Episode #58: What Are You Going To Do In Retirement?
Mailbag: Office Buildings, Whole Life, Financial Empowerment
You Got What?
The Important Things You Should Know About 401k Rollovers
Fear Of Running Out Vs Spending It
Mailbag: IRA Losses, Unemployed Conversions, Severance, "Financial Guys"
Side Thought: Should You Pay Off A Mortgage With An IRA?
Helping Out With Parents
April: National Distracted Investor Awareness Month
Mailbag: Downsizing, Big vs. Small Companies, And Forced Budgeting
Mailbag: International Conflicts, College Loans, Lots of Little 401ks, And When To Finally Meet With An Advisor
His And Hers Retirement Planning
Storytime: Collaborating With Other Pros
Mailbag: Home As A Retirement Plan And Spousal Dispute Questions
Chocolate, Thunderstorms, Mortgages, And Target Date Funds
The Financial Lies We Tell Ourselves
Carrie's Question: What's Going To Happen To Tax Rates?
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