Josh Scandlen Podcast

Everyone wants to achieve retirement happiness right?.  Yet, it never ceases to amaze me that when it comes to the discussion about retirement people overlook the most important issue; whether or not there is a mortgage. Why do I say this is the most important issue? Well, simply look at this study https://www.bls.gov/opub/btn/volume-5/spending-patterns-of-older-americans.htm from the Bureau of Labor Statistics (BLS): “Housing was the greatest expense in average dollar amount and as a share of the household budget for older households. ” (Older households being over the age of 55). Housing is a Retirees Main Expense: Let me reiterate;  HOUSING EXPENSE is the greatest expense for households with people over the age of 55! In fact if you dive into the numbers, nothing even remotely comes close.  Looking at the study you will see that housing expense accounts for 1/3 or more of ALL expenditures, which is double the next biggest expenditure. People always say health care will be the biggest expense