Episode 117: Downsizing, Old Policies & Portfolio Options

Apple PodcastsSpotifyAmazon MusicTuneIniHeartRadioPodbean

Today’s Smart Money Question:

There are many misconceptions that surround the idea of downsizing your house in retirement. Many people think that they will be able to make a huge profit if they downsize, but that is not always the case. We will guide you through some other considerations to keep in mind before you make the big sale. We also discuss reevaluating an old life insurance policy, how much company stock you should invest in, and deciding whether to move your money into cash, or to keep investing.

Apple PodcastsSpotifyGoogle PodcastsStitcheriHeartRadioTuneInSubscribe via RSSShareLeave a ReviewDownloadListen in a New WindowSoundCloudSubscribe on AndroidPlayer Embed

(Click the featured times below to jump forward in the episode)

Here Are Just A Handful Of Things You’ll Learn:

Downsizing when approaching or already in retirement logically makes a lot of sense. However, financially it’s not always that easy. Many would think buying a smaller home would decrease the value of the home as well. In some areas, the value of homes are so high it makes it hard to find what you need, at a price that fits in your plan. There are many things to consider, research needs to be done, and a budget put in place for downsizing to be the right move.

Many times people have old policies that may not make sense for them anymore. It is crucial to understand how the policy plays into your financial plan. The asset could be used in a better way and money can be saved from reducing or stopping premium payments in some cases.

Owning company stock can be a great retirement option but it can also create a portfolio to be diversified poorly if too much is owned. Matt explains the factors that should determine how much company stock a person should want to have in there portfolio. The question on continuing to invest or moving to cash is often a concern in retirement planning. It should be determined by individual circumstances and preferences not goals or targets.

[2:45] –Should you look to downsize when you retire?

[5:15] –The issues with downsizing and the importance of understanding the real estate market.

[7:40] – What you need to consider before making the move.

[8:30] – Matt breaks down what needs to be taken care of in order to have an early retirement.

[13:25] – What to do with old policies and how to use the asset properly.

[15:22] – Matt answers a listeners question on how much company stock should you hold in your portfolio.

[18:45] – Matt explains deciding on moving to cash or continuing to invest is a question that has many factors for the individual to consider.

 

Additional Podcast Episodes:

 

Do You Have A Smart Money Question?

Ask Matt your smart money question. Click here.

More From Matt:

The host: Matt Hausman – Contact – Resources – Call: 610-719-3003

 

Subscribe To The “Smart Money Questions” Podcast:

Share This Post

More To Explore

Load More

GOT A SMART MONEY QUESTION?

Do you have a question that we haven’t covered yet? Just leave me a message and your question just might be on my next podcast!

Why Ask A Question?

Although everyone’s situation is different, your question might help hundreds of other people who are in the same boat. Don’t be afraid of the answers, be afraid of not asking the question!

What Do You Get?

The clearest answer I can give on how to address your retirement question and links to resources that may help you.

Don't Have A Microphone?

Just fill out the form below to ask your question!

SCHEDULE A TIME TO MEET

It’s fast and easy to make an appointment with Matt. You can start with a 30-minute conference call or meet in-person at the office in Malvern, PA.

Book Appointment

Contact

Privacy Policy

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Smart Money Questions and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. ©2018 All written content on this site is for information purposes only. Opinions expressed herein are solely those of Old Security Group and our editorial staff. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Fee based financial planning and investment advisory services are offered by Old Security Group a Registered Investment Advisor in the State of Pennsylvania. Insurance products and services are offered through Old Security Trust Corp. Old Security Group and Old Security Trust Corp. are affiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the States of Pennsylvania, Delaware and Maryland or where otherwise legally permitted.