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
Mailbag: How To Invest Through Retirement And How To Handle Lump Sums
In the News: Big Box Retail, Bonuses, And Robots
Stress And Retirement
Why Your Excuses For Questionable Decisions Don't Hold Water
Storytime: Wow, You're Old Now
Mailbag: Age Gaps, Rental Property, Too Conservative
Common 401k Questions
Financial Santa Claus
Mailbag: Early Medicare, Tightwads, New Cars & Divorce At Retirement
Financially Savvy Grandparenting: Part 2
Financially Savvy Grandparenting: Part 1
Story Time: In The Nick Of Time
Mailbag: Nursing Homes, Roths, and Hating Advisors
Retirement's New Paradigm
Mailbag: LTC, LSPs, Metals
Quiz Your Advisor
Reaping Rewards For Financial Sacrifice
Mailbag
The Un-Asked Financial Questions
Required Minimum Distributions
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