Have you been considering a big purchase but you’re concerned you can’t afford it since you’re retired? Is making a large purchase in retirement a smart idea? What is the most efficient way to buy a large purchase in retirement? We believe it comes down to two things: can you afford it and what is the most efficient way to go about it. Listen to this episode to hear the logistics of how we would use financial planning to answer those questions.
[2:50] Feedback on affordability of the decision
[7:06] Getting a loan vs. paying for the purchase outright
[10:53] Tax impacts if you chose to withdraw money from a retirement account
[14:45] If you have to liquidate some savings, what are you liquidating?
Tracking # 1-05206400
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Investment advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.
