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Mike and Tammy, aged 67 and 62, have saved $1.4 million and are considering purchasing a second home in Florida. In this video, we break down their financial situation and explore whether buying a home outright or financing makes the most sense for them. We discuss the factors they need to consider, such as taxes, mortgage options, and additional expenses of owning property in Florida. Watch as we guide Mike and Tammy through their decision-making process and reveal their "green light" verdict on whether they can afford to make this move in retirement.
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