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Listen to Money Wisdom with Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® and gain key financial insights to help you make informed decisions for your future. Jake and Nick aim to provide clarity and guidance, addressing your questions and shining a light on the real financial challenges facing today’s retirees.

Oct 30, 2020

The time has come again to open up the mailbag and find out what financial questions are on your mind. Today we get three questions dealing with variable annuity investments, flipping houses for income, and carry mortgage debt into retirement. Find out what Joel thinks about each of these topics on this episode.

 

Read more and get additional financial resources here: https://johnsonbrunetti.com/mailbag-variable-annuities-flipping-houses-and-mortgage-debt/ 

 

What we discuss on this show: 

0:21Mailbag Question: We have an opportunity to refinance at a lower rate but it would be a 15 year mortgage and we only have 5 years left to pay now. It seems like a bad idea to have a mortgage heading into retirement. What do you think?

1:23Mailbag Question: What’s your opinion of flipping houses as an investment strategy?

4:59Mailbag Question: I have variable annuity that seems to have a nice income guarantee associated with it, but I have heard many people say variable annuities are usually a bad deal. What am I missing?

7:49 – A Money Map review will help get your questions answered.