The answer isn’t simple.
It’s a question as old as retirement itself: Now that the children are gone, should you downsize your home?
Maybe move to your favorite vacation spot to enjoy the sunshine and natural beauty? Or should you stay put, relaxing in familiar surroundings and a community you know well? Today’s retirees enjoy more freedom than ever to choose where and how they live. Many retirees choose to downsize to reduce housing costs or move to be closer to family. As with most important personal and financial decisions, there are pros and cons to downsizing your home that you should consider.