Retirement can be an exciting time in one’s life. Unfortunately, some find themselves in less than favorable circumstances due to unwise real estate moves. Avoid these mistakes if you are planning a move in your retirement.
5. Have a plan for the proceeds—If you make a nice profit from downsizing, consider what you will do with that extra money. Although purchasing a new car, or taking lavish vacations sound good, investing your proceeds may be just what the doctor ordered to be confident you have the retirement nest egg, you are looking for.
Check with the professionals before making your move. Contact Brien L. Smith, CFP® or Sarah D. Buenger, MPAS®, MSPFP, CFP® at 979-694-9100 or visit our website at www.TraditionsWealthAdvisors.com
(Kathy Massey 2020 BCSRAOR president)