Real estate blog entries tagged with plan by Kurt Jackson (KJ Financial)

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Home : Blogs : Kurt Jackson : Kurt Jackson's Blog : Tag "plan"

plan: Seniors in Kansas City: Should I sell my home and rent something smaller? - 07/09/08 10:18 AM

Another option given by the media and other financial advisors to the question of how can seniors in Kansas City make ends meet in retirement is to sell their house and rent something smaller.
Assuming you have an $180,000 house if sold would net 90% after selling costs and seller concessions that would leave you with $162,000. If that was invested into a conservative investment that earned 5% after taxes and the strategy is to use that money to pay the rent every month plus pull out the amount the taxes and insurance would have been on the house.
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Kurt Jackson

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