Where you live in retirement can be major challenge!!! The home is often a retiree's largest asset. For a 65 year old couple, the average wealth held in homes is $192k according US Census data. For a lot of retirees, the home represents 2/3s of the retirees assets.
It is also the retiree's largest expense at nearly $20,000 per year. Deciding where to live in retirement should not be an afterthought. It should be in the forefront of your retirement planning.
Joining us for this discussion on Retirement Housing Options is Markeith Gentry who is the station’s Production Assistant and makes sure Mastering Your Money is available to our listeners. Welcome back to Mastering Your Money, Markeith Gentry!!