6 Retirement Moves That Sound Smart... But What's the Catch?
Retiring at 55, paying off the mortgage, moving for lower taxes, taking Social Security at 62, and downsizing can all sound like smart retirement moves. But each comes with tradeoffs that may not be obvious at first.
Dan and Kamie break down six common retirement decisions and the financial, tax, family, and lifestyle questions worth considering before making them.
00:00 What's the Catch?
00:32 Retiring at 55
03:28 Paying Off the House
05:23 Moving for Lower Taxes
07:36 Leaving Everything to the Kids
09:04 Taking Social Security at 62
13:15 Downsizing in Retirement
16:05 Final Thoughts
The skinny
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