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Homeowners have uniqueretirement opportunitiesthat renters do not.
But that strategy isnt right for everyone.
Roth says a successful retirement requires a completely different mindset where you go from accumulating to the opposite.
In nearly all cases, that mindset pushes a pair of concerns to the forefront.
However, there is no cookie-cutter standard that applies toall retired couples or scenarios.
For many retirees, housing is the costliest expense, and their home is their most valuable asset.
For one of Roths clients, staying put provided the best of both worlds.
However, in terms ofboth money and lifestyle, downsizing is not the right choice for everyone.
Risks and opportunities need to be assessed before rushing into it impulsively, said Roth.
Unlike many retirees, Roths client had the luxury of a choice.
What if things dont work out romantically with his new partner?
Financial security is one of the two concerns that Roth said all his clients share.
In the end, however, that retirees strategy was right only for that retiree.
Personalized planning is important becauseeach retirement journeyis unique and influenced by their preferences and future variables, said Roth.
It cant be compared with or to another journey.
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