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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Today, Frank tackles a listener’s question about whether splitting money between multiple advisors could be beneficial or just create more confusion.
We often talk about what it’s like to become a client, but today let’s talk about what it’s like to be a client. In this episode, Frank pulls back the curtain on what ongoing client relationships look like inside his practice, Oliver Asset Management.
What is an RMD (required minimum distribution)? An RMD is the minimum amount that must be withdrawn from a retirement account each year.
What is a qualified charitable distribution (QCD)? A QCD is a distribution from an IRA that goes directly to a qualifying charity and is not included in the taxable income of the IRA owner. A QCD cannot be made from an employer plan. A QCD can be up to $108,000 for 2025, per individual.
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.
What a wonderful day together! We had so much fun celebrating with such an incredible group of clients.
We’re so thankful for each of you who came out! These events are always more special because of the laughter and memories we share.
Thank you for making this day so memorable! We had a blast and hope you did too.
It’s always a pleasure connecting outside the office. Thank you for making this such a fun and memorable event!
What a fantastic event with even better company! We’re so grateful for each of you who joined us.
