The prevailing advice for retirees and their first cousins -- pre-retirees -- is to downsize their homes. The logic goes like this: With your kids launched, you no longer need so much space. Plus living in a smaller home will reduce your utility and maintenance bills as well as your taxes.
Why Downsizing In Retirement Might Be A Terrible Idea
Ann Brenoff, Huffington Post: Business
Fri, 08/28/2015 - 4:09am
Topics: americans so smart about money national endowment financial education it huff/post this huffington post can downsizing retirement home house moving property buy equity homes rent rental estate expensive real expenses people monthly costs maintenance logic downsize time utilities percent utility taxes bills smaller fixing substantial involved enjoy reduce longer living space change pay paying higher housing rush cash car income thousands sense room savings problem selling prevailing closing remodel income-producing
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