What are some of the biggest questions that clients have with respect to their home in retirement?

• Many people struggle to find the answers that they seek with what to do with their home in retirement. • Each person’s ideal solution is different, so there is no “one size fits all” answer. • Often, people want to know if it makes sense to downsize or keep their current home. • These questions can cause a lot of frustration and uncertainty in retirement.

Does the fact that real estate is so high impact my decision?

• Ryan doesn’t believe that you should sell your home just because real estate has appreciated, but it can factor into the process. • You must also concede that you’ll most likely overpay for wherever you plan on moving into after you sell your home. • Unless you’re planning on relocating to another part of the country, the savings difference on the sale of your home and purchase of a new one, probably won’t be that significant.

What advice does Ryan have for people looking to downsize in retirement?

• Ryan stresses the importance of having multiple conversations and getting feedback from as many professionals as possible. • Ryan facilitates conversations for his clients with multiple professionals to cover the decision from all angles…. CPA, real estate broker, attorney, and advisor. • This way you’ll understand the pros and cons for each option.

November 3 2021

Real Estate

Ryan Skinner Retirement My Way

Ryan discusses different scenarios that can present themselves to people as they approach retirement and in early retirement. Do they keep their home, downsize, use the equity, etc? Ryan informs us on what strategies work and what strategies we should avoid.

Disclaimer: The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.

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Real Estate

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