In this podcast episode, we have a listener question:

Husband/wife (70/69) both retired intending to down size.  Debt free.  Retirement assets are 1.7 mil (1.3 mil traditional ira/400 k Roth IRA).  Monthly income before taxes (social security and pensions) is $7500.  New home cost estimated at $400 k.  Existing home to be sold after building new home expected to sell for $150 k.  So, how do we pay for new home: cash or finance?  If cash: use traditional ira or Roth?  If finance: how much?  Thanks.  Look forward to your reply.

Planning Points Discussed

• Analysis of purchasing new home
• Analysis of selling old home
• Tax analysis
• Explore multiple options
• Other issues (i.e. risk tolerance, RMD, IRMAA, other goals)

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James

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