As people shift into their 40s and 50s, they sometimes find they have a little extra cash burning a hole in their pocket each month. The children have moved out, which leaves the parents with extra time to pursue personal interests.
Purchasing a second home in a beloved vacation spot can often be a smart investment for older couples, but mixing travel and real estate is a proposition you need to evaluated carefully. Though that condominium in Hawaii may look appealing, you have to fly there from California or Seattle. [Read more…]