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Your Retirement “Nest Egg” and the Impact of Home Ownership - Realtor.com
At one time, having $1 million dollars in your retirement “nest egg” was consider almost a necessity to achieve a comfortable life in your golden years. No question that would be a good goal, but as time has marched on, so has the amount that Financial Advisors suggest you should have when you pull the plug on your working career. Turns out that now, many Americans believe they need about $1.5 million to retire comfortably, and most financial advisors agree.
The hidden danger to your retirement comfort, however, could very well be your home and the expense of maintaining it. Home ownership, including insurance, property taxes, normal maintenance, HOA fees, etc. has risen considerably in recent years, thus posing a threat to that nest egg you are depending on. All of this is explained in this Realtor.com News and Insights article by Cassidy Horton. Click here to read more, including what you can do to mitigate this issue.