After your children have grown, you probably need less space.
I have not yet retired, but many of my clients have.
Without your work income each month, you will want to make every dollar count.
For this reason, many people choose to move to smaller spaces.
Fortunately, a recent article on capecod.com, titled “5 Tips for Seniors Planning a Move: Think ‘Resizing’ Not ‘Downsizing,’” provides useful information.
It is important to remain positive throughout the process.
A good way to do this?
Consider the change as “resizing” rather than “downsizing.”
In reality, you will have less to clean and keep up, giving you more time to simply enjoy retirement.
By categorizing your belongings, you will be ready for a smooth transition.
Make two groups: the “need” group and the “want” group.
Those items you need will have first dibs on your new abode.
Know where you are moving and how much space is available.
With these details in mind, you will know in advance whether an item or piece of furniture will fit.
Consider donating those unnecessary items to charity.
You will be providing a better quality of life for others.
If you have family heirlooms, you may want to pass them to the chosen heir while you are still alive.
Change is difficult, but following these tips could give you a more carefree and enjoyable retirement.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: capecod.com (July 7, 2016) “5 Tips for Seniors Planning a Move: Think ‘Resizing’ Not ‘Downsizing’”