[jleyank]

You can quibble over the specific number, but retiring without a paid for domicile is a tough road. Those with retirement on the horizon should think about where they wish to settle in and start planning for a place to live. Use those working year salaries to pay as much as possible.

[toomuchtodo]

Buy where you want to retire, rent it out to cover the carrying costs, move in at retirement and sell your primary residence (or rent it out).

You want to acquire assets you intend to hold long term at favorable prices and interest rates (if debt is a component to acquire).

I have already bought and own homes for my children that are currently rental properties, for example, because I’m not confident they’d be able to buy one for themselves decades from now based on asset price and wage trajectories.