Retirement Advisor: Homeownership Helps (Podcast)
A new Harvard study finds that about one-third of Americans aged 65 or older are being ravished by the costs of housing.
Advisors can glean many things from this data-rich report, foremost among them that homeownership is financially advantageous.
We can also glean that seniors who paid off homes fared better than mortgage holders and that there's trouble ahead for Gen X.
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A new Harvard study finds that about one-third of Americans aged 65 or older are being ravished by the costs of housing.
This podcast (6:45) suggests that financial advisors who focus on investment securities alone are withholding the holistic view of their clients' finances that are increasingly needed, given the trends brought out by this academic study.
