http://gotoretirement.com/2009/09/emotional-home-downsizing/?utm_source=rss&utm_medium=rss&utm_campaign=emotional-home-downsizing A Baby Boomer's Journey from Retirement Planning to Retirement Living Mon, 21 May 2012 17:39:02 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://gotoretirement.com/2009/09/emotional-home-downsizing/comment-page-1/#comment-1572 Mr. GoTo Sun, 13 Sep 2009 15:08:32 +0000 http://gotoretirement.com/?p=3683#comment-1572 Dan: Excellent advice and approach to the problem. Selling to kids still at home as a win-win for everyone is important. Is this your first experience as a renter with kids? Dan: Excellent advice and approach to the problem. Selling to kids still at home as a win-win for everyone is important. Is this your first experience as a renter with kids?

]]> http://gotoretirement.com/2009/09/emotional-home-downsizing/comment-page-1/#comment-1571 dan lieber Sun, 13 Sep 2009 13:37:52 +0000 http://gotoretirement.com/?p=3683#comment-1571 I just downsized from a large home to a rental apartment. Though there was resistance from 2 older kids away for education and junior high kid still at home, we worked it out well in the following way. 1. Make kids part of the decision. They need to understand the reason for the move, and how it benefits them and not just the parents. I told them that if they need help in the future, the move will make it easier for us to come through for them. Secondly, I told them that as they will eventually inherit our assets, we were preserving our estate for them 2. I made sure that the move to the smaller apartment was not just a move down, but a move up in some ways. The apartment is now in the center of the action, and my son can walk to movies, restaurants etc and can use the mass transit now, and his friends can visit more easily, where before he had to be driven everywhere and was less independent and therefore he feels more grown up now. In sum, think about what's in it for the kids, and not just the parents. This is simply the point that Dale Carnegie made when he wrote how to "Win Friends and Influence People" I just downsized from a large home to a rental apartment. Though there was resistance from 2 older kids away for education and junior high kid still at home, we worked it out well in the following way. 1. Make kids part of the decision. They need to understand the reason for the move, and how it benefits them and not just the parents. I told them that if they need help in the future, the move will make it easier for us to come through for them. Secondly, I told them that as they will eventually inherit our assets, we were preserving our estate for them 2. I made sure that the move to the smaller apartment was not just a move down, but a move up in some ways. The apartment is now in the center of the action, and my son can walk to movies, restaurants etc and can use the mass transit now, and his friends can visit more easily, where before he had to be driven everywhere and was less independent and therefore he feels more grown up now.
In sum, think about what’s in it for the kids, and not just the parents. This is simply the point that Dale Carnegie made when he wrote how to “Win Friends and Influence People”

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