Becoming a snowbird, or a retiree who spends winter in the south and summers in the north, isn't cheap
Becoming a snowbird, or a retiree who spends winter in the south and summers in the north, isn't cheap.
Planning to spend winters down south in retirement? SmartAsset's free tool can help find a financial adviser to make your dream a reality » In Corliss' experience as a financial planner working with snowbird clients, he's found people tend to think it's cheaper than it is. It's not uncommon that people don't consider the costs of insuring two properties, forget to add up travel expenses to and from their home, or neglect to budget for owning two cars. And, he finds that people just generally spend more when they change locations every few months.
They bought a Caribbean condo for about $200,000 in 2004. "We bought a property in St. Croix as a rental investment with the idea that if it didn't work out as a rental or resale, we would have a place in the Caribbean to retire to," he says.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Inside the launch of the $300 million Call of Duty League - Business InsiderI attended the launch event of the $300 million Call of Duty League and it was a wild three-day whirlwind showcasing the potential of the esports industry.
Baca lebih lajut »
Inside Kobe And Shaq's Complicated NBA Partnership and Reconciliation - Business InsiderKobe Bryant and Shaquille O'Neal were part of one of the greatest dynasties in NBA history. Take a look back at their fierce rivalry and complicated relationship.
Baca lebih lajut »
Inside Hunt family's net worth, and who owns the Kansas City Chiefs - Business InsiderLamar Hunt, late owner of the Kansas City Chiefs, was one of 15 children and an heir to the Hunt family dynasty, one of the richest families in America
Baca lebih lajut »
Wuhan coronavirus: Videos inside evacuation flight back to US - Business InsiderVideo shows what it was like on the plane evacuating US citizens out of Wuhan, as one passenger describes doing the Mexican wave to pass time
Baca lebih lajut »
New programs aim to help the 55 million people without workplace retirement savings plansMany Americans don't have access to retirement savings plans at work, and that's often the biggest reason that their balances come up short. Now new national and state efforts are trying to fix that. If successful, that could put millions of workers in a better financial position.
Baca lebih lajut »
Here's exactly when you should write your startup's business plan - Business InsiderExperts who studied over 1,000 founders say there is a specific time in the startup lifecycle when it makes the most sense to write a business plan.
Baca lebih lajut »