June 22, 2018

"Let your parents know what you need to know. “Remind them it will be easier for you to take care of whatever must be dealt with if they have discussed their estate plan with you,” says Hetzer. Ask about their wishes and their fears. Are they worried about family dish...

June 18, 2018

"According to a 2016 Freddie Mac survey of boomers, the majority of those 55 and older plan to stay in their homes during retirement. Among those who plan to move, one in five say they will sell their home and buy a new one, while one in 10 say they will sell their hom...

The Balance brings a Real Estate broker's opinion to the advantages and disadvantages of downsizing a home.  

Summary Advantages:

  • Increased Cash Flow: possible lower mortgage payment

  • More Time: less cleaning & maintenance

  • Lower Utility Bills: Smaller...

April 18, 2018

Of general efforts to “clean out or reduce” belongings, claims to have done so “many times” decline across age decades (from 23% to 13%), whereas claims to have done this “not at all” are higher at older ages. Over age 70, the prevalence of inactivity (not at all) comp...


"downsizing frees you from the cost and time commitment of maintaining a home that’s simply too large. It allows you to unlock your home equity, buy a new place and maybe even retire your mortgage."

"Downsizing can and should be a fun, memorable time with...

March 28, 2018

"The key to a comfortable smaller home is making sure the kitchen and the adjoining room are large, open and bright"

6.2% of people over 55 years old show hoarding behavior.

"from 2.3% in the youngest, to 6.2% in the oldest, age groups; the odds of hoarding was nearly three times as great in the oldest compared to the youngest age group. In addition, the prevalence of hoarding was o...

March 6, 2018

"56 percent of those aged 50 to 59 and 62 percent of those 70 to 79 reported having more things than they needed."

March 3, 2018

“Downsizing is both a financial as well as an emotional decision. It often becomes a necessity because retirement income may not sustain the expenses. It would also make sense if it means downsizing expenses, which can now be used for other things like family vacation...

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