Reported 1 day ago
A retired couple in Nebraska faces a financial decision: withdraw their IRA funds to buy a $450,000 home outright or use their monthly Social Security and pension income to secure a mortgage. With $200,000 in cash and over $500,000 in IRAs, they consulted The Ramsey Show hosts for advice. Hosts Rachel Cruze and George Kamel suggest that it may be wiser to take a mortgage instead of depleting their retirement savings entirely, considering the option to downsize could also lead to more financial security.
Source: YAHOO