Should a Retiree Ever Take Out a Mortgage?
August 27, 2014
Erin Baehr CFP, EA is a NAPFA member and owner of Baehr Family Financial, LLC, a fee only financial planning firm. She enjoys helping families to make the financial decisions that are best for them. She writes a biweekly column for her local newspaper and blogs at www.PurposefulMoney.com.
So you're retired and want to buy a new home, but is it better to pay cash or get a mortgage in retirement?
When you think about budget-breakers, do you think of things like vacations and big screen TVs? You might be surprised at what the worst one is.
