The Retiree Dilemma: To Sell Or To Rent?
Listen now
Description
Many retirees find themselves at a crossroads when deciding what to do with their existing property as they move into their dream home. Would it be best to sell, or should you consider becoming a landlord? Drawing from personal experiences and real client scenarios, Phil and Marc will explore the pros and cons of turning a home into a rental property in this episode.   Here’s some of what we discuss in this episode: 1:50 – Pros and cons of renting out a property in retirement 4:39 – Managing rental properties and dealing with tenants 9:41 – Understanding the potential downsides of rental properties 11:55 – What’s the right option for you?   For more, visit us online: http://philstaxhacks.com Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts  
More Episodes
Dividend investing has long been a staple in retirement planning, providing a predictable income stream for many retirees. However, the landscape is shifting. The concept of incidental income, which relies on the rebalancing of a portfolio and the cash flows it generates, is gaining...
Published 10/24/24
Published 10/24/24
Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. There’s plenty of speculation about what might change to improve the solvency of the program, and one simple fix would be to change the retirement age. On this episode, we dive into the...
Published 10/17/24