Love It or List It – Fitting Your Home Into Your Retirement Plan

Our 2 Cents – Episode #047

Love It or List It – Fitting Your Home Into Your Retirement Plan

We get a lot of questions about how the house (or houses) fit into retirement plans. From downsizing, to rental properties, to interest rates, today we explore some of the top retirement questions as it relates to all things housing.

1. Should I pay off the house as soon as possible or pay it off slowly?
2. Is it wise to downsize to a smaller home when I retire?
3. Is rental property a good idea to create income in retirement?
4. What are some of the major complications when it comes to handling real estate when it comes to estate and legacy planning?
5. What are the advantages of a reverse mortgage and when should I take one?

Listener Questions

• I want to renovate my kitchen, but my husband says we need to save more for retirement. We have already saved a lot… how much is enough? – Samantha, Chicago
• I’m getting a big tax refund this year, and have for the last several years. It’s nice to get the refund, but am I better off getting the refund or changing my with-holdings? – Robert, Chicago

Tune in now to join us for this discussion!

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