Reported 12 months ago
A retired couple with over $9,000 monthly income, $1 million savings, and a debate over buying a home or renting consulted Suze Orman. Despite the financial security emphasizing lifestyle preferences and practicalities, Orman highlighted their ability to sell their current home without capital gains tax. She emphasized the physical demands of home maintenance in retirement, supporting the wife's inclination towards a luxury senior apartment for community living and social activities. Orman noted the importance of considering both partners' health and life expectancy and recommended the husband listen to his wife's choice for a carefree lifestyle.
Source: YAHOO