Home-owners who downsize have five choices for the proceeds they receive from the sale of their home. They may choose a combination of all five or only two to three. Very rarely will they choose only one. Here’s a breakdown of the five along with some thoughts on the one that will be very common throughout this decade.
Grandchildren are a joy to grandparents. No wonder that retiring and downsizing can be a welcome change for grandparents wishing to spend more time with their grandchildren. This is one of the benefits we experienced after my wife retired and we downsized in 2014. Here are some of the ways we have been able to have more fun with our grandkids.
This past year has seen a consistent pattern of household downsizing in developed countries such as Canada, the USA, the UK and Australia. However, I expect this trend to increase and accelerate in 2019 for three important reasons.
Continue reading “Looking Back – Looking Ahead on Downsizing”
All of the prior posts in the series “Retire – Downsize – …” have been about the positive lifestyle one can anticipate in retirement. Activities covered so far include golf, reflect/solitude, teach, learn, volunteer, play music, work, paint/draw, go South, read and travel. Although most downsizing projects are very busy and intense, they come off smoothly with a few bumps along the way. However, the downsizing process can also be risky. Here’s why.
Avid golfers who are close to retiring usually look forward to more golfing on the next chapter of their life. Some ensure there is more “time on the green” by downsizing to a golf community with like-minded retirees. For Canadians, there are at least three variations of this approach that allow for maximum time on the course despite Canadian winters.
Downsizing Help 