RetireCoast

Buying Your Retirement Home Before You Retire

William Season 6 Episode 19

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This emphasizes the advantages of buying a retirement home before you retire, citing benefits such as easier mortgage qualification due to steady income and the potential for better interest rates. It explores financial strategies for managing the purchase while still working, including using existing home equity or select retirement funds for a down payment. The article also considers whether to rent out the property before moving in and the importance of planning for the physical move and handling the existing property. Finally, it highlights the Mississippi Gulf Coast as a potentially affordable and desirable location for retirement, listing reasons like low property taxes and the absence of state tax on retirement income.

RetireCoast.com has produced this podcast based on an article at RetireCoast.com.  We encourage you to visit our website and similar articles.  

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Disclaimer:
This podcast is for informational purposes only and does not provide financial, tax, or legal advice. Always consult with a qualified professional before making financial decisions.

Episode Keywords:
Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, monthly living expenses in retirement, retirement budgeting, Medicare and seniors, financial security, retirement planning, Gulf Coast retirement, small business growth.