Daily Money - Avoiding Homebuyer's Remorse

Here’s a stat that will knock your socks off: Nearly two-thirds of people who bought a home last year made an offer on a property that they hadn’t seen in person, according to a Redfin survey. I don’t like buying pants online if I’m not sure about the fit, and people are buying whole homes without setting foot in them? Whew. Overpaying for a property — or underestimating taxes, upkeep and other expenses — can hamper your progress toward reaching other financial goals, like saving for retirement. Today’s edition has some tips for avoiding buyer’s remorse in the current hot housing market.

Best wishes,
Elizabeth

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TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE

Rushing to Buy a Home Can Lead to Serious Regret

Here’s how to avoid buyer’s remorse.

What Will Social Security Look Like When Millennials Retire?

Expect lower payouts.

How to Track Your Tax Refund and Any Stimulus Checks You're Owed From 2020

The IRS has processed 57 million tax refunds so far this season.

RETIRE WITH MONEY COMMUNITY NEWS

A member of our Retire with Money Facebook group posted this important announcement for everyone who has (or wants to enroll in) individual or family health insurance through healthcare.gov. As of April 1, the site reflects the increased premium subsidies that passed as part of the most recent stimulus package. So check it out to learn about your options, and read more about the special enrollment period underway here.

RETIREMENT NEWS FROM AROUND THE WEB

When Higher Inflation Meets Your Withdrawal Rate

The founder of the “4% rule” addresses how retirees should adjust their withdrawal rate in light of inflation expectations. MORNINGSTAR

Your Post-Vaccination Travel Questions, Answered

Not all countries are open to American travelers right now. VOX

How Family Caregivers Can Avoid Money Catastrophes

Candid communication is key, and the earlier it starts the better. NEXT AVENUE

Newly Retired Americans Are Moving to These Cities

Big cities are seeing an influx of retirees, a recent study finds. YAHOO MONEY

Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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Daily Money - Avoiding Homebuyer's Remorse

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