Some homeowners decide to downsize – normally in their 60’s and 70’s – to smaller homes for reasons such as convenience, less maintenance, a change of lifestyle or even to just save money. Those homeowners are more likely to have large equities and don’t normally feel the same constraints as younger homeowners, including the substantial […]
Tag Archives: Retirement Planning
Ready For Retirement?
August 14, 1935 – this date was the establishment of Social Security, which was a breakthrough movement in caring for our country’s elderly during their retirement years.Today, about 65 million or 1/6 of Americans collect benefits and the average monthly retirement amount received in January 2022 was $1,614 per month or about $19,370 per year. […]
Will 2020 be Your Downsizing Year?
Baby Boomers and retirees aged 65 and over equate to approximately 52 million or 16 percent of Americans. Some of these people will be thinking about downsizing because they just don’t need or want the same space they needed in the past. Divesting yourself of “things” you have accumulated over the years and don’t need […]