About this episode
How should you approach your home from a financial standpoint in retirement? Pay it off? Downsize? Rent it out? Let’s talk about real estate and how it fits into your plan.
Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-53-this-one-is-on-the-house/
Watch the video podcast here: https://youtu.be/b_apvElPm8Q
What we discuss on the show:
0:37 - Paying off the house as quick as you can or enjoy low rates and pay it off slowly?
1:47 - What is equity in a home vs. the value of a home?
3:16 - Why would you want a mortgage with additional liquid assets?
4:36 - There are two rules that apply to any decision.
5:17 - Should you downsize?
7:51 - Are rental properties a good investment?
11:09 - What are some estate and legacy planning mistakes that people make?
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