I’m making tangible progress on my attempts to simplify and downsize my life. This is happening at home and at the office. Check out what I’m doing. Maybe it will inspire you? [Read more…]
What factors should one consider when choosing a location for retirement property? This is a subject that we have studied extensively. We have also begun a process of experimentation with different retirement property locations. By this I mean that we bought a lake house six years ago as a potential retirement location. More recently, we have decided to explore condo living in an equestrian community. Here are some of the retirement property factors we have thought about. [Read more…]
I write regularly here on the topic of downsizing your home because it’s something we think about often. We spend most of our time in a house that is much larger than we need. We also have a lot of equity tied up in that house. That equity could likely be put to much better use.
The question of whether (and when) to downsize a home also has emotional aspects. [Read more…]
In the last two years, many American consumers have personally experienced being house rich but cash poor. In other words, they occupy (and have title to) a house that may be worth a lot of money, but the mortgage, taxes, insurance, and maintenance costs eat up 50% or more of their income.
The dilemma that some baby boomers have is that they are house rich but nest egg poor. [Read more…]