My longstanding clients George and Sue came to me with a dilemma. They found a dream home in Arizona that they hoped to purchase and live in long-term. Due to job constraints, they were not interested in selling their existing home in another state first to free up the capital to buy the new home. Since this couple would not be receiving proceeds from the sale of a home to cover the down payment on a second home, they came to me with the question: Where would we find the funds to make the purchase of this second home possible?
Investors should consider using cash-equivalent investments, such as money market funds or CDs, to make sure that your idle cash is generating attractive short-term gains.
Rebalance VP of Client Services Sally Brandon spoke to USA Today on why it’s important to save for the future even if children are not part of the equation.
If you’re perfectly capable of running your own retirement savings, selecting the right mix of low-cost investments, rebalancing at the right time and not buying and selling out of fear or greed, then good for you.
