Should you Sell Your House and Rent in Retirement?

Should you sell your house and rent in retirement? This video looks at the decision from a financial planning perspective. Selling your house can simplify life and free up a significant amount of money. But your house may also be doing a job in your retirement plan that isn't obvious until it's gone. Before making the decision, it helps to understand what the house is doing for you now, what actually lands in the bank after a sale, and what may need to replace the role your home equity was playing. If you're weighing this decision, our team can help you compare two retirement scenarios side by side: one where you stay in your house and one where you sell and rent. Book a complimentary conversation: → https://www.greenprivatewealth.com/st... Not ready for a conversation yet? Download our Canadian Retirement Tune-Up guide to explore important questions to consider as you plan for retirement. Download the Canadian Retirement Tune-Up guide: → https://www.greenprivatewealth.com/re... Chapters: 0:00 Should You Sell Your House and Rent in Retirement? 0:33 Start With Why 1:37 What the Numbers Miss 2:28 Compare the Real Costs 4:14 When Home Equity Becomes an Investment Account 5:32 The Job Your House May Be Doing 6:24 Model Both Futures 7:21 The Bottom Line ABOUT GREEN PRIVATE WEALTH Green Private Wealth helps Canadian families, retirees and business owners with retirement, tax, investing and succession planning. Our team brings together portfolio managers, financial planners and a tax specialist to help keep the pieces of your financial life working together. Based in Woodstock and Burlington, Ontario, Green Private Wealth is part of Harbourfront Wealth Management. Website: https://www.greenprivatewealth.com Disclaimer - All comments are of a general nature and should not be relied upon as individual advice. The views and opinions expressed in this commentary may not necessarily reflect those of Harbourfront Wealth Management. While every attempt is made to ensure accuracy, facts, and figures are not guaranteed, the content is not intended to be a substitute for professional investing or tax advice. Please seek advice from your accountant regarding anything raised in the content of the podcast regarding your Individual tax situation. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. #RetirementPlanning #RentVsOwn #CanadianRetirement #FinancialPlanning