While this may sound like a feat, the benefits outweigh the cost. It’s important to consider downsizing your home as you approach retirement age for two reasons. The most important reason is reducing costs and conserving your income.
Transitioning to a smaller house typically yields lowers housing costs which frees up income for your retirement plan. This is especially beneficial if you’re looking to spend money on travel or have a sizable spending income during retirement. Another reason to downsize your home is to reduce the amount of maintenance needed to manage the upkeep of your house. Reducing time spent on house maintenance frees up time for other activities and hobbies.
The number one goal for most senior citizens entering retirement is relaxation; however, being healthy should also be a priority. It’s important to recognize that being healthy does not mean training for a marathon. Rather, it means some form of physical activity, balanced nutrition, and mental exercises.
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