Q.  Can I afford a house for $950,000?

I’m inheriting $2,200,000. I’m 61 years old and my wife is 60 years old. We own a co-op worth $315,000. I have a pension of $33,000 per year and my Social Security will be $1,720 per month if I wait to take it out until I am 62 years old. My wife’s pension and Social Security will be around the same amount. We have one daughter in her last year of college. She will also be going to graduate school. Can we afford a house for $950,000?

 

60 Minute Finance Logo

If you need confidential financial coaching for your particular situation, please contact John for a no-cost, no-obligation discussion of your needs.

Want to Know the Keys to Financial Empowerment?

Sign up below for a free copy of "The Seven Principles of Financial Empowerment." You'll also have access to our newsletter.

You have Successfully Subscribed!