Everyone Plans to Downsize in Retirement. Almost Nobody Actually Saves Money Doing It
Source ↗
👁 0
💬 0
The post Everyone Plans to Downsize in Retirement. Almost Nobody Actually Saves Money Doing It appeared first on 24/7 Wall St..
Downsizing is the retirement plan hiding inside almost every other retirement plan. Sell the four bedroom, buy something smaller, pocket the difference, and let that windfall carry a few extra years of the drawdown. It is the most common financial assumption in American retirement, and it is the one that most often does not survive contact with a closing statement.
Cons
Downsizing is the retirement plan hiding inside almost every other retirement plan. Sell the four bedroom, buy something smaller, pocket the difference, and let that windfall carry a few extra years of the drawdown. It is the most common financial assumption in American retirement, and it is the one that most often does not survive contact with a closing statement.
Cons
Comments (0)