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.
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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.
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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.
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Squeezing many tasks into a tight schedule at retirement can carry over into the post-retirement period. It is not unusual to spend a great a deal of time and energy after a downsizing move to get set up in the next location. Taking a tourist vacation in the middle of this may be a change of scene but it is not always a change of pace. This might be the time to insert a complete break from activity along with some peaceful solitude. Here’s why.
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Having a purposeful activity in place at retirement is one of the best ways of ensuring a long and satisfying life. As comedian George Burns used to say – “I’ll show up as long as I’m booked.” George lived to age 100. Of all the activities available to us when retiring, teaching is one of the most stimulating and useful. The possibilities are endless and the opportunities to help others is wide. If this applies to you or a family member, here are some suggestions on where to start.
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