Navigating Housing Decisions in Retirement

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This chapter explores the financial dilemmas faced by a caller regarding her condo in Florida as she approaches retirement. Discussion focuses on the implications of homeownership, the risks and benefits of renting versus owning, and the impact of rising costs like HOA fees. The speakers emphasize the importance of individual investors in real estate while providing tailored advice on whether to downsize or stay put amidst growing expenses.

#527: Luke and his wife are breaking some personal finance rules in the name of financial independence. Are they right to take this approach or is there a better way?

Christina is worried. She’s retired with a paid-off condo in Florida. But rising fees, insurance rates, and a major HOA assessment are killing her cash flow. Is it time to become a renter?

Les is surprised by Paula and Joe’s allocation recommendations for international equities. Based on market capitalization, it makes no sense. What’s he missing?

Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.

Enjoy!

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For more information, visit the show notes at https://affordanything.com/episode527

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