Answer to Question #140701 in Finance for Sarah Brooks

Question

Jimmy hopes that the money from his retirement funds plus what he makes on the sale of his current house when he is 65, will be enough to allow him to buy the retirement home. Can this goal be realized?

Answer 1

Well,it can be achieved if he is close to 65 years old and has communicated with the seller to pay at a certain date.

It cannot be achieved if Jimmy is not anywhere close to 65 years old since things change financially hence this house might change price and be at a higher price than he expected.