A snapshot of a typical “before and after” transition to a retirement home simplifies the key points about this major life-change. Before the move, the equity in your home is tied up in the home and is not considered liquid. Unless there is a Home Equity Line of Credit or a reverse mortgage on the home, the equity is fully intact. This maximizes the funds available for downsizing to a retirement home. Let’s look under the covers a little more.
One of the most important considerations when reviewing Retirement Home living is the cost. This is not surprising since the monthly fees can be significant. There are many types of costs associated with this lifestyle including fixed, fixed-optional and variable-optional costs. This post explains what to expect when touring a potential retirement home and provides a free, downloadable spreadsheet as a template for your own use.
Aren’t you supposed to stop working when you retire? Nope. Times have changed. More people who are no longer in their full-time job are now working after “retirement”. The reason for this varies. They are still working by necessity, by choice or by invitation. Here’s what I see when surveying the retirement landscape.
Here are six reasons for having to downsize a home in a hurry along with helpful suggestions on how to proceed.
Continue reading “How to Downsize on a Tight Schedule”
Downsizing as a widow is never easy since it arrives on your doorstep like bad weather, unwelcome and often by surprise. However, with careful thought, time and support, you will get through this as many have before you.
Downsizing Help 