The Benefits Of Downsizing For Retirement!
New Idea
|January 18, 2021
Less can be more when it comes to this exciting next chapter of your life
Your kids have well and truly left the nest, your working hours are winding down partially or have completed, and you (and perhaps your partner, too) are ready to move into the next phase of your life – retirement!
Along with the extra time you’ll have to rediscover – or newly discover – passions and hobbies, you also probably have a lot of extra space that may feel more of a burden than a blessing. So, it’s now the perfect time for you to downsize.
Whether you opt for a smaller home in your current suburb, want to make a total sea change, or settle into a bustling retirement village, there are some fabulous benefits…
BOOST YOUR FINANCES
Selling a larger home for something smaller is a sure bet to keeping some extra cash in your pocket.
“Releasing equity in your home frees up funds to travel and enjoy your retirement,” adds Uniting Care’s Retirement and Independent Living Specialist, Chris Williamson.
This story is from the January 18, 2021 edition of New Idea.
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