Monday, November 28, 2022

Downsizing in Retirement: Expenses They Didn’t Expect

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On the way to spending less, people often have to shell out more, at least temporarily — especially when selling a home. Here’s what to consider.

Louise Angel Kiss and her husband, Charles, lived in their four-bedroom, split-level house in the Seattle suburb of Bellevue, Wash., for 40 years. Their two daughters had moved away long ago, and the couple decided they’d had enough of the stairs and the hassles and costs of upkeep. Like many older homeowners, they decided to downsize.

In 2018, the couple chose a two-bedroom unit at a continuing care retirement community in nearby Issaquah, which would provide assisted living and nursing care if they needed it.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: The New York Times

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