Is That Dream Vacation Home a Financial Trap?

In this savvy episode, Catherine and Rachel unpack the real costs—and hidden benefits—of owning a second home in retirement. From the emotional pull of lakefront views and mountain escapes to the unexpected tax headaches and maintenance bills, this conversation lays out what every retiree really needs to consider before taking the plunge.

You'll learn:

• How the IRS defines personal use of vacation homes (and why it matters)

• The truth about tax deductions, rental income, and mortgage limits

• Why renting for 14 days or fewer can be a secret tax win

• What to consider before turning your dream home into an Airbnb

• How second homes fit into estate planning—and how to avoid family drama

Whether you’ve been browsing Zillow during vacation or seriously considering a second property, this episode offers must-hear advice to make sure your “slice of paradise” doesn’t become a financial pitfall.

📞 Ready to run the numbers? Call 760-692-5700 to talk it through with a savvy advisor.

Disclosure:

Savvy Women Wealth Management is an SEC Registered Investment Advisor

The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Tax considerations presented may not be appropriate every individual circumstance. A tax professional should be consulted before making any decisions about your tax liability.

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