Is It Wise to Buy a Home in Retirement? Here’s What to Consider
This article is for subscribers only.
We have officially entered real estate’s busy US spring selling season. That’s why this week I called five financial advisers to help answer a home-buying question from a reader — as I am happy to do for subscribers who write to me. Here’s what she asked:
Moving in retirement is a big issue, financially and emotionally. The advisers I spoke with said it’s definitely doable, be it with cash from a home that has appreciated or a mortgage. But the stakes are high for buyers on a fixed income later in life, and they saw some red flags in this question.