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

Ep 80: Best Intentions, Bad Advice

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Ep 79: The Desire to Retire

People have different feelings when it comes to their desire to retire. We broke this concept down into five sections that we will explore today.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com