Reported about 1 year ago
A retired 64-year-old cardiologist with a $9 million net worth, including a paid condo, is considering purchasing a 'forever' home. While in a good financial position, the individual is advised to carefully consider expenses and not overspend on the new home. Calculations, including mortgage payments, property taxes, utility bills, and other monthly expenses, are recommended to ensure financial stability in retirement. Factors like inflation rates and Social Security benefits should also be considered before making the purchase.
Source: YAHOO