The average retirement account balance for Americans in their early 50s is about $313,000. If you’re 52 with $2.1 million saved by that point, you may be looking to scale back on retirement plan contributions and put some of your money toward a second home.
Some people wait until retirement to buy a second home. The upside of doing so at 52, however, is getting to enjoy that home during the tail end of your career and adjusting to the cost of owning it while you still have a regular paycheck coming in.
