The thought of downsizing is something that may have crossed one’s mind when thinking about one’s living situation during retirement. While the obvious advantage for it is monthly costs going down, there are other factors to consider. Here, we will go over some of the pros & cons to consider if downsizing may be right for you.
We all know that saving for retirement is important. The earlier one starts, the better the likelihood of having enough to last throughout retirement. For children, utilizing a Roth IRA a savings account can optimize their path to retirement as well as teaching them the importance of saving and investing.
Do you think you could step outside right now without a jacket? Of course not! It’s been cold, windy & rainy for these past few months. (For those of us living in the Northeast.) Our minds and our bodies are telling us to layer up. It was cold today and it will most likely be cold tomorrow. We don’t have to check the weather to know that.
What we do know is that eventually spring will come and with it: warmth. Though spring is a few months away, it is starting to feel like we’re going to be stuck in the winter season forever.