• Question
  • I would like to sell my house for $2,250,000 and live off the investment of that money

    Asked by a 70 year old man from Honolulu, HI on 1/9/2014

    I would like to sell my house for $2,250,000 and live off the investment of that money

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  • Categories: Downsizing/Relocation, Housing

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Hi,

    That's an interesting idea - downsizing to free up wealth tied up in your house and reducing your house related expenses can be a good idea. You may want to considering buying a smaller house vs. renting so that you maintain some home equity which you could potentially access in the future via a home equity conversion mortgage.

    There are some other topics related to this here: http://www.newretirement.com/Services/Home_Equity_Solutions.aspx

    Hope this is helpful.


  • Login to rate this answer:   Answered on 1/15/2014
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