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17 December . 2019

Should You Downsize Your Nest Once Its Empty?

Some parents choose to hold onto the family home, keeping those fond memories of raising their children close at hand. But the cost of keeping and maintaining that house as well as whether it would be the best property to stay in as one ages are a few things empty nesters should be considering. With nearly one in five empty nesters looking to downsize their home, eleven percent are opting to move to a new city or town and ten percent would like to move into a new home. This USA Today article provides three financial reasons why downsizing before retirement may make financial sense.