$2.5 Million in Retirement Savings – Can You Afford a Vacation Home? (Case Study)

You’ve saved up $2.5 million and you’re wondering whether you can buy a vacation home or whether you should just do a long-term rental. Maybe you should just scratch the idea altogether. This is a conversation we have with clients and today’s show is going to walk you through how we help determine if the vacation home is going to work with a hypothetical case study. Here’s some of what we discuss in this episode: 💵 Comparing buy vs. rent scenarios in retirement 📊 How large purchases affect long-term income and taxes 💬 Why your “retirement paycheck” must align with your goals 🧾 Is it smart to get a mortgage pre-retirement?   Company website: https://sierensfinancialgroup.com/ Podcast website and resources: https://maxretirementshow.com/ Phone: (847) 235-6989 Contact our team: office@sierensfinancialgroup.com Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/ Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ