Pros and Cons of Downsizing Your Home When You Retire
Planning for retirement is one of the most important things every adult should do, but we often focus solely on the saving money aspect without considering what lifestyle we’d like to lead during our post-working years. For instance, do you think you’ll want to sell your home to live in a cheaper area or move into a smaller home once the kids leave the nest? To help you determine whether you should rent out your current home, continue to live in it, or sell it altogether, here are some pros and cons of downsizing before or during retirement. Downsizing Your Home for Retirement Pro: Save Time and Money The biggest advantage of downsizing is that you’ll likely save money on … Read more