For the majority of people in Minnesota and across the country, your house will be the most expensive asset you ever own or manage. That’s why it’s no surprise that it takes up a big slice of the financial planning conversation.

Retirement brings along another set of decisions to be made with your house so we wanted to address some of the most common ones we hear at Principal Preservation Services. From paying off your mortgage to considering a downsize, we’ll find out what Mike thinks about these housing topics and hopefully touch on something you’ve been thinking about as well.

Today's key points: 

0:46 – Housing questions       

2:36 – Paying off mortgage or not?

4:27 – Downsizing

6:10 – Borrow from a Home Line of Equity

8:26 – Signing house over to kids before death

10:49 – Other estate planning problems

12:09 – Reverse mortgage

14:15 – Mailbag question on anxiety around money

15:49 – Mailbag question on life insurance

Read more and get additional resources here: https://principalpreservationservices.com/retirement-reality-podcast/