Retirement8000 Days in Retirement: Choosing Your Home

September 8, 2022by Bailey Wealth Services

Choosing your place of residence may not be one of the first things that come to mind when you think about planning for retirement. But, as you start this new phase of your life, there are many different factors to consider.

For example, what does your new lifestyle look like?

Do you need as much space as you currently have? (Especially if you plan on travelling a lot!)

Also, will you be able to navigate your current home if mobility becomes an issue?

Proximity is a huge factor as well – Do you need to be so close to a busy city? Or vice versa, would it make more sense for you to be more centrally located?

Cost: Is your home paid off? Or do you have a mortgage (or even a second mortgage?)

It’s easy to assume that just because you have been making a mortgage payment, you will continue to do so.

Really look at the numbers. Look at what your income will be in retirement and decide if those payments will be conducive to the vision you have for retirement.

 

This material was prepared by Bill Good. Bill Good is not affiliated with Bailey Wealth Services or LPL Financial.

 

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