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All right, let's head to Dave in Charlotte, North Carolina.

Hi, Dave.

Welcome to the show.

Hi, thanks for taking my call. Yes, absolutely. How can we help today?

So my wife and I are planning on to retiring between three and five years, and I just feel with our

total portfolio that we're house heavy, we always had planned on downsizing once we retired but I'm wondering if you think we

should do that now and then invest that extra money okay yeah how much um how much is the house

worth 650 okay and how much mortgage you have left on it it's paid off it's paid off okay and how

much do you guys have in retirement well Well, it's $6.50 right now. $6.50. Okay. And how old will you guys be in five years? I will be 67. She'll be 65. Okay. What's your game plan currently to retire? Because the house obviously is not going to produce income in retirement. It's great to have it paid off, and I'm proud of you guys for doing that. But what's your current game plan, regardless of what happens with the house? Where we're going to get our funds from? Yeah. Well, from the 650, which will grow, plus I have a small pension and then our Social Security. Okay. So between pension, social security, and then on top of that, you'll dip whatever else

you need you can dip into that retirement nest egg. Right. Okay. And you're saying,

do you have too much tied up in the house? Are you guys wanting to downsize anyways?

Yeah, we always planned on downsizing and then maybe, you know, we could clear

600 on this and I know I can find something for 400, so that gives us 200,000.

Mm-hmm. To throw in there.

That would give me some, you know, some cushion. And so I would be doing that if you're going,

hey, I don't know that we can make it for the rest of our life with this nest egg plus the pension and social security. I think it would be wise to sell, use any profits to invest to then create a little mini nest egg on its own. Do it now versus wait until we retire. I mean, you can wait. You'll, you know, either way, the house is appreciating, right?

As time goes on, your nest egg's appreciating.

And so it's okay to wait.

This is not, I wouldn't say this is on fire, but the sooner you do it, the more,

the less variables you'll have.

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