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We’re in our 60s, have almost $3 million and want to buy a new home. Do we tap into our savings or take out a mortgage?

Por: MarketWatch Politics September 19, 2023

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We have approximately $2.9 million combined in pretax retirement accounts and have begun drawing $5,000 a month from them. Our house is valued at about $400,000 and is paid off.   We enjoy the freedom to do what we want and spend what we want on our income of about $11,000 a month. While we could stay in our house for several more years, we are getting tired of the upkeep. We have a pool that is rarely used and a large yard. We would like to... + full article



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