9 Ways to Downsize When You Retire

9) Invest

After you’ve downsized as much as you can, you may have a nice chuck of change in your pocket. That’s the idea, anyway! One you’ve sorted your housing situation, it’s time to think about what to do with the extra cash.

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Investing is a good way to generate more income on what you’ve already got. Investing may sound a little scary when you no longer receive a paycheck every month. That’s why making a smart investment is paramount. Investors can help you create a portfolio with minimum risk that still yields growth. You can also set up a back-up plan, if in the event, the markets take a dive. This ensures you have enough cash set aside to get through tough periods without having the sell off your stocks at below-market prices.

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