The goal for many in retirement is to be debt free. Yet, as homes have become more expensive and people move more frequently, having a mortgage in retirement is becoming more and more frequent. This article discusses the maximum amount your monthly mortgage or rent should cost in retirement. The 20% rule of thumb while working When someone is working, my general rule of thumb … Continue reading How Much Home in Retirement Can You Afford?
For many, retirement means a time to get out of the house and try something new. Maybe this means downsizing now that the kids are gone. Getting closer to the grand kids. Buying that dream lake house that you have always imagined while working those long hours. Or maybe, you are just looking to get out of the city and move to northern Michigan. Whatever … Continue reading 4 Options for Buying that Retirement Home without Breaking the Budget