One of our clients recently shared a deeply moving story. Her parents had lived for years in a beautiful apartment in Amsterdam, with a seven-figure home equity. On paper, it looked like financial security — a valuable property, a prime location, peace of mind. But reality turned out to be different.
All their wealth was tied up in bricks and mortar. And they lived longer than they had ever expected. Her father is now over 90, and they’re facing a difficult decision: they need to sell the apartment and move into a rental. Not because they want to — but because financially, they have no other choice.
Moving at an advanced age, not out of desire but out of necessity, is heartbreaking. No matter how modest your home may be, no one wants to be forced to relocate later in life — especially not just to be able to pay the bills.
Fortunately, alternatives do exist
In situations like these, there are often other solutions available. With a solid financial plan, you may be able to avoid having to leave the home you love. Think about timely use of annuity products, diversifying your assets, or making conscious decisions about gifting and retirement planning.
That’s why it’s so important to reflect early on questions like:
- What does my retirement plan look like?
- How much do I want to gift during my lifetime?
- Is all my wealth tied up in my home?
Think ahead. Plan consciously. Live free.
Don’t wait until it’s too late. Ask for help in time and work together on a plan that helps you continue living freely — even as the years go by. At Your Financials, we believe in guidance that makes a difference: personal, expert, and reliable.