Best In Wealth - Best Practices For Real People, Investments, Retirement Planning, Money Management, Wealth Building, Financi

Have you thought about purchasing a second home? Does it sound nice to have a place to vacation that is all yours? Do you dream of owning a Florida home or a cabin “up north?” Have you considered the pros and cons of owning a second home? Before a second home becomes part of your dream retirement, consider some of these pros and cons so you can make the best decision for you. [bctt tweet="What are the pros and cons of owning a second home? Find out in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement #InvestmentProperty" username=""] Outline of This Episode [1:10] Needs, wants, and wishes in retirement planning [2:52] Have you thought about owning a second home? [6:00] The hidden costs associated with owning a second home [7:29] Tax, lending, and insurance considerations [10:40] Would you consider renting out your second home? [13:55] Will you lower vacation expenses? [16:25] Will your second property steal