A couple in their 50s, preparing for retirement, seeks advice regarding their $2.5 million home now that their children have left. Currently, their house represents only 15% of their net worth, with the bulk invested in equities. Considering a low 2% withdrawal strategy, they contemplate maintaining their large house for another 15-20 years, anticipating appreciation. As retirees, they are balancing risk by potentially adjusting their asset allocation but have options given their financial position. Guidance from a financial advisor is advised for retirees to assess their paths forward.
The Redditor is contemplating whether to sell their oversized $2.5 million home now that they're empty nesters, considering the future appreciation and their strong financial position.
It's suggested that the couple could maintain their equities for several more years due to their 2% withdrawal rate, providing a sense of financial security.
Advisors recommend speaking with a financial professional to help retirees assess whether they are ahead or behind on their retirement goals.
Holding onto the large house for 15-20 years may allow for appreciation and a better financial outcome before downsizing.
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