3 Things You Must Do If You're Not Downsizing in Retirement
Should I stay in my home in retirement, or downsize? It's a question that homeowners have been asking themselves for years. Most recently, a national survey from NeighborWorks America found that 54 percent of nonretired homeowners over the age of 45 plan to stay put when they retire, hoping to enjoy the home they’ve lived in for decades and where their children have grown up.
But even the best-laid plans can go astray without proper financial planning that maintains enough income in retirement to pay all of the bills that come with owning a home. Follow these tips to make retiring in your castle the dream you’ve always imagined.