People often plan for retirement based on their current lifestyle, which includes the cost of living in their current city. How much sooner could you retire if you moved to a city with a lower cost of living once you stopped working full time? As it turns out, the cost of staying in that big, ...
The tiny house movement is sweeping the nation. While, according to Wikipedia, the average size of a new house grew from 1,780 square feet in 1978 to 2,662 in 2013, some people are focusing on “tiny houses,” which are less than 1,000 square feet. So what gives? Are these people finally ...
There’s exactly one situation where I love vacation homes – when good friends own them. Vacation homes are a lot like kids – you will spend lots of time with them, you won’t regret having them (on most days), and you will drastically underestimate the costs and energy that will be involved. We
If the home-owning MINK (more income, no kids) community really wants more income, they may want to start by increasing their debt. Yep, that’s what I said. Almost every semi-retired baby boomer I work with informs me that they are on track to paying off their mortgage right about the time they
I have a confession. I love real estate and I think everyone should own some. My dear friend Craig, a commercial real estate guru, would admit that it took him about three years to realize that I’m not a “stocks guy,” but rather a comprehensive financial planner who recommends that ...
This just in: owning a home is so 1990. Wait, scratch that. Owning a home, paying off the mortgage, and then dying in that home, is so 1990. Want your financial plan to look more attractive? Start planning now to sell later.
After recent meetings with two retired couples, it really hit me ...
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