075 - What's the Best Way to Fund Large Purchases in Retirement?

In this podcast episode, we have a listener question: Husband/wife (70/69) both retired intending to down size.  Debt free.  Retirement assets are 1.7 mil (1.3 mil traditional ira/400 k Roth IRA).  Monthly income before taxes (social security and pensions) is $7500.  New home cost estimated at $400 k.  Existing home to be sold after building new home expected to sell for $150 k.  So, how do we pay for new home: cash or finance?  If cash: use traditional ira or Roth?  If finance: how much?  Thanks.  Look forward to your reply. Planning Points Discussed Analysis of purchasing new home Analysis of selling old home Tax analysis Explore multiple options Other issues (i.e. risk tolerance, RMD, IRMAA, other goals) LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here