Many retirees and pre-retirees dream of owning a vacation home that they can visit throughout the year. But if you decide to make this move, how should you go about financing a second property? That’s the question one of our listeners, Ted, asked Frank this week.
Should you take out a mortgage on the second home or tap into the equity of your primary residence? Or, could it be smarter to sell some investments and buy the property outright with cash? Listen in as Frank shares some pros and cons of different financing options.
Here’s what we discuss in this episode:
🏠 The pros and cons of borrowing against your current home
💸 Could it be worth selling investments to avoid a mortgage?
📊 Frank’s custom calculator that can help break down the numbers
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You’ve probably heard the saying, “There’s no such thing as a bad question.” But in retirement planning, the way you frame your question often determines the quality of your answer. In this episode, we’ll share some common retirement questions, and how a simple reframing might lead to a more useful answer.
It is important for you to take an active role in your retirement planning. Life changes and events happen that require you to update your tax and estate plans. Use the information below to see how your planning might be affected. As you can see, many items require you to take action now.
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A huge thank you to everyone who joined us! We’re so grateful for our amazing clients and the joy you bring to every gathering.
