Ep 24: How Your Home Fits into Retirement Planning

Your home is one of the biggest assets in your financial portfolio and there are a lot of decisions to make related to real estate. Let’s talk about the conversations we have with clients about mortgages, rental properties, downsizing, and more.
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The Game Plan

Practically every client we work with wants to know whether they should pay off their mortgage before retiring. It’s an important discussion and one we have quite frequently.

But there’s a wide range of conversations that come with real estate in your retirement plan. Today we’ll look at a few of those additional topics that come up like whether to downsize, rental properties, and making real estate part of your estate plan.

 

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[1:53] – Background on the conversation today 

[2:35] – Pay it off as soon as possible or slowly?

[6:40] – Is it wise to downsize? 

[8:48] – Having the emotional attachment to your home.

[10:24] – Good idea to have a rental property to generate income?

[12:00] – Real estate as part of legacy planning

 

“This is such a great topic because I think that just about every client that comes in, when we’re talk about retirement planning, this is a question that comes up.“

– Dale Tondryk

More To Explore

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Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

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Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.

May 18, 2023

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com

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