6) They’re Looking to Downsize
You probably hear this word mentioned a lot with retirement. It’s because it’s a very important piece of a savvy retirement plan. It’s also a part that some overlook or can’t be bother to do. Downsizing means ridding your life of anything that doesn’t fit your retirement lifestyle. The crux of downsizing is usually your house. Most older couples who’ve had children live in a house find it becomes too big once their kids grow up and move out. The money spent on maintenance, electricity bills, and insurance are higher than necessary. The solution is downsizing, which means moving into a smaller house that’s more cost effective. While it may be hard to put your family’s house up for sale, it’s necessary reduce your expenses and live within your means. Make sure your spouse has one eye on the housing market and is making plans to sell.