As you step into retirement, the question of whether your home still meets your needs becomes increasingly important. It’s not just about the financial cost, but about how your home aligns with the life you envision for yourself in this new phase. Three individuals—Ed, Marguerite, and Evon—each took a different approach to this critical decision. […]
Category: Selling home after retirement
Designing Your Ideal Retirement: How to Make the Most of Your Time and Money
Retirement is more than just a financial milestone; it’s an opportunity to redefine your life and focus on what truly brings you joy. Whether you’ve just retired or are in the planning stages, there are two critical aspects to consider: how you want to spend your time and how to allocate your financial resources. By […]
Why Mind Share Matters in Retirement: Evaluating the Mental Cost of Your Home
When planning for retirement, we often focus on financial costs and physical energy. But have you ever thought about the mental energy—or “Mind Share”—your home consumes? For many retirees, managing the mental load of maintaining a home can be just as draining as financial expenses or physical upkeep. Whether you’re someone who enjoys tending to […]
Are There Better Places to Live During Retirement?
Retirement opens up a world of possibilities, including the option to live wherever you want. Without the constraints of a job or raising children, you have the freedom to consider whether your current home is truly the best place for you during this new chapter of life. Whether you’re drawn to warmer climates, retirement communities, […]
Does Your Home Pass the Retirement Test?
Your home has likely been a place of comfort, security, and countless memories over the years. However, as you approach retirement, it’s important to assess whether your home will continue to meet your needs in this new stage of life. What once worked well may no longer be the best fit as your lifestyle and […]
Is Your House a Retirement Asset or a Liability?
When you think about retirement, your home likely comes to mind as one of your most significant assets. It’s where you’ve built memories, provided shelter for your family, and perhaps even paid off a mortgage after years of diligent work. However, as you transition into retirement, it’s crucial to ask whether your home will continue […]
Retirement and Homeownership: Making the Right Choice for Your Future
As you approach retirement, the decision to sell or stay in your home becomes increasingly important. This choice involves a mix of financial, emotional, and practical considerations. As Penelope Tzougros of Wealthy Choices®, I have extensive experience in helping clients navigate this critical decision. Financial Reality of Homeownership One of the primary factors to consider […]
Understanding Inflation and Your Retirement Income
Inflation is a critical factor that can erode your purchasing power over time, making it essential to understand how it impacts your retirement income. Many retirees and those approaching retirement find themselves asking, “What level of inflation-adjusted income can I count on?” This question reflects a concern for maintaining a stable and comfortable lifestyle throughout […]
The Path to Financial Freedom: Empowering the Wealthy Woman Within
Are you ready to embrace your inner wealth and unlock the doors to financial freedom? Let’s explore actionable steps to responding to the wealthy woman within and chart a course towards prosperity. Embracing Conscious Consumption Cultivate mindfulness in your spending habits by discerning between essential needs and discretionary wants. By making intentional choices aligned […]
Mastering the Art of Wealthy Choices: A Guide to Financial Empowerment
Are you ready to transform your financial landscape and embrace the mindset of abundance? Let’s dive deeper into the principles of wealthy choices and how they can shape your path to prosperity. Defining Your Financial Priorities Distinguish between needs, wants, and luxuries to gain clarity on your spending habits. By aligning your purchases with your […]